Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10520 Hutchison Blvd Panama City Beach, FL 32407-3836

    • Office Properties & Spaces
    • 3,997 SF
    • 1.90 lot acres
    OFF-MARKET
    Value Estimations
    $930,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4218091
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 10520 Hutchison Blvd

    Year built
    1979
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.90 lot acres
    Property size
    3,997 SF
    Zone code
    PCB21
    Property type
    Office Properties & Spaces
    APN
    34881-020-000
    APU
    34881020000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $675,000
      6.5%
      $625,000
      7%
      $580,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $933,000
      Market price range: $215k - $933k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,000,000
      Current use
      OFFICE BUILDING
      $855,000
      Change: -15% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Panama City Beach
    County
    Bay
    State
    Florida
    Longitude
    -85.8061
    Latitude
    30.1837
    CBSA code
    37460
    CBSA name
    PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,673
    $712,500
    $210,460
    $922,960
    -
    $712,500
    $210,460
    $922,960

    Comparable in this City

    • Value Estimation
      $2,010,000
      9,183 SF

      11212 Frnt Bch Rd

      OFFICE (GENERAL) • 9,183 SF
      11212 Frnt Bch Rd, Panama City Beach, FL 32407-3668
      View Details
    • Value Estimation by Request
      1,680 SF

      8409 Frnt Bch Rd

      OFFICE (GENERAL) • 1,680 SF
      8409 Frnt Bch Rd, Panama City Beach, FL 32407-4844
      View Details
    • Value Estimation
      $5,895,000
      36,000 SF

      120 Richard Jackson Blvd

      OFFICE (GENERAL) • 36,000 SF
      120 Richard Jackson Blvd, Panama City Beach, FL 32407-2521
      View Details
    • Value Estimation
      $1,170,000
      4,724 SF

      11053 Hutchison Blvd

      OFFICE (GENERAL) • 4,724 SF
      11053 Hutchison Blvd, Panama City Beach, FL 32407-3715
      View Details
    • Value Estimation
      $935,000
      4,044 SF

      12202 Hutchison Blvd

      OFFICE (GENERAL) • 4,044 SF
      12202 Hutchison Blvd, Panama City Beach, FL 32407-3430
      View Details
    • Value Estimation
      $740,000
      5,332 SF

      9722 Frnt Bch Rd

      OFFICE (GENERAL) • 5,332 SF
      9722 Frnt Bch Rd, Panama City Beach, FL 32407-4148
      View Details

    Similar Nearby for Sale

    • $425,000
      5,000 SF

      Prime Panama City Beach Office Space

      Vacant Creative Office, 5,000 SF
      12905 Panama City Beach Pkwy, Panama City Beach, FL 32407
      View Details
    • $1,200,000
      5,915 SF

      Prime Panama City Beach Commercial Property

      High-visibility commercial property near the beach in a thriving area.
      515 Evergreen St, Panama City Beach, FL 32407
      View Details
    • Contact for pricing
      5,400 SF

      Panama City Beach Medical Office

      Second-story medical office space in the heart of Panama City Beach.
      12905 Panama City Beach Pkwy, Panama City Beach, FL 32407
      View Details
    • $9,950,000
      67,414 SF

      Panama City Beach Office Building

      67,415 SF Class A office building for sale.
      200 N Richard Jackson Blvd, Panama City Beach, FL 32407
      View Details
    • $300,000
      2,160 SF

      Versatile Commercial Property For Sale

      Flexible commercial property suitable for daycare, office, or redevelopment.
      7101 Big Daddy Dr, Panama City Beach, FL 32407
      View Details
    • $7,499,000
      40,113 SF

      Panama City Beach Office Complex

      40,113 SF office complex on 2.86 acres near beach.
      415 R Jackson Blvd, Panama City Beach, FL 32407
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      3,425 SF

      Prime Panama City Beach Office Space

      Class A Office, 3425 SF, Panoramic Views
      800 Grand Panama Blvd, Panama City Beach, FL 32407
      View Details
    • $264 SF/Yr
      11,764 SF

      Emerald Coast Office Space for Lease

      Beachfront Executive Suites Available Now
      5 Miracle Strip Loop, Panama City Beach, FL 32407
      View Details
    • $0.23 SF/Yr
      1,073 SF

      Prime Panama City Beach Office Suite

      1,073 sq ft Office Space for Lease
      120 Richard Jackson Blvd, Panama City Beach, FL 32407
      View Details
    • Contact for pricing
      1 SF

      Prime Panama City Beach Land

      1.8 +/- acre commercial land for medical, office, or retail.
      11905 Panama City Beach Pkwy, Panama City Beach, FL 32407
      View Details
    • $20 SF/Yr
      7,000 SF

      Prime Panama City Beach Office

      7,000 SF Office Building, High Visibility
      11905 Panama City Beach Pkwy, Panama City Beach, FL 32407
      View Details
    • $20 SF/Yr
      2,500 SF

      12907 Panama City Beach Pkwy, Panama City Beach, FL

      Medical offices • 2,500 SF
      12907 Panama City Beach Pkwy, Panama City Beach, FL 32407
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10520 Hutchison Blvd
    Panama City Beach, FL 32407-3836
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.