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

    107 Amar Pl Panama City Beach, FL 32413-5014

    • Office Properties & Spaces
    • 14,819 SF
    • 1.31 lot acres
    OFF-MARKET
    Value Estimations
    $2,215,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5448707
    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 107 Amar Pl

    Year built
    2006
    Construction
    STEEL FRAME
    Lot size
    1.31 lot acres
    Property size
    14,819 SF
    Zone code
    PCB07
    Property type
    Office Properties & Spaces
    APN
    38324-504-000
    APU
    38324504000

    Description

    Exceptional investment opportunity in Panama City Beach, Florida, presents a 12,570 square foot, two-story multi-tenant industrial flex building situated on a 57,063.6 square foot lot. Built in 2006, this property boasts high-quality construction with modern office finishes. Currently operating at 100% occupancy, the building is subdivided into eight individual units, offering diverse income streams. The current tenant, Heritage Builders, occupies several suites which may be available to a new owner. A new roof was installed in 2023. Strategically located just off Highway 98, north of Miramar Beach/Miramar Heights, at the south end of Beach Commerce Park, this property enjoys excellent visibility and accessibility. Its proximity to the Panama City Beach Parkway further enhances its appeal. The asking price is $2,200,000, representing an attractive 8.00% cap rate. Note that a 10,000 square foot warehouse on an adjacent property is also available for lease. This presents a unique opportunity to acquire a well-maintained, high-performing asset in a thriving market. The property's strong tenancy and prime location make it an ideal investment for discerning buyers seeking stable income and potential for future growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,500,000
      6.5%
      $2,310,000
      7%
      $2,145,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,369,000
      Market price range: $1.63M - $7.86M
      AI Estimate
      $1,967,000
      Market price range: $1.11M - $5.73M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,965,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City Beach
    County
    Bay
    State
    Florida
    Longitude
    -85.9112
    Latitude
    30.2431
    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
    $15,378
    $238,067
    $1,015,910
    $1,253,977
    -
    $238,067
    $1,015,910
    $1,253,977

    Comparable in this City

    • Value Estimation by Request

      17320 Pc Bch Pkwy Pkwy

      Office Properties & Spaces
      17320 Pc Bch Pkwy Pkwy, Panama City Beach, FL 32413
      View Details
    • Value Estimation by Request

      14101 Pcb Pkwy

      Office Properties & Spaces
      14101 Pcb Pkwy, Panama City Beach, FL 32413
      View Details
    • Value Estimation by Request
      640 SF

      118 Riviera Dr

      OFFICE (GENERAL) • 640 SF
      118 Riviera Dr, Panama City Beach, FL 32413
      View Details
    • Value Estimation by Request
      4,690 SF

      90 Sandal Ln

      OFFICE (GENERAL) • 4,690 SF
      90 Sandal Ln, Panama City Beach, FL 32413-4601
      View Details
    • Value Estimation by Request
      5,144 SF

      22606 Panama City Beach Pkwy

      Medical offices • 5,144 SF
      22606 Panama City Beach Pkwy, Panama City Beach, FL 32413
      View Details
    • Value Estimation
      $1,255,000
      6,849 SF

      22200 Panama City Bch Pkwya-f

      OFFICE (GENERAL) • 6,849 SF
      22200 Panama City Bch Pkwya-f, Panama City Beach, FL 32413-3226
      View Details

    Similar Nearby for Sale

    • $799,000
      1,056 SF

      Prime PCB Office & Land Investment

      High-Visibility Office Building, 1,056 SF
      16790 Panama City Beach Pkwy, Panama City Beach, FL 32413
      View Details
    • $4,950,000

      Panama City Beach Office Building

      Prime Location, Owner Financing Available
      16901 Panama City Beach Pkwy, Panama City Beach, FL 32413
      View Details
    • $2,980,321
      5,585 SF

      Prime Panama City Beach Office Building

      6,450 SF Office, Ample Parking, High Visibility
      230 S Arnold Rd, Panama City Beach, FL 32413
      View Details
    • $164,900

      Panama City Beach Office Condo

      Own Your Office Space! Prime Location!
      17320 Pc Bch Pkwy Pkwy, Panama City Beach, FL 32413
      View Details
    • Contact for pricing
      6,000 SF

      New Medical Office Space Available

      Class A medical space in growing Panama City Beach healthcare hub.
      1002 N Arnold Rd, Panama City Beach, FL 32413
      View Details
    • $1,650,000

      Renovated Commercial Office Space

      Renovated office space with flexible layout and ample parking.
      22901 Panama City Beach Pkwy, Panama City Beach, FL 32413
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      42,004 SF

      Panama City Beach Retail Space

      4,284 SF Retail Showroom, Prime Location
      13800 Panama City Beach Pkwy, Panama City Beach, FL 32413
      View Details
    • $18 SF/Yr
      4,490 SF

      Prime Panama City Beach Office Space

      4,490 sq ft Class A Office, Parkway Frontage
      16161 Panama City Bch 101 Pkwy, Panama City Beach, FL 32413
      View Details
    • $37 SF/Yr
      634 SF

      Prime Panama City Beach Office Space

      634 sq ft Office, West End Location
      17801 Ashley Dr, Panama City Beach, FL 32413
      View Details
    • $45 SF/Yr
      6,000 SF

      Prime Medical Office Space in Panama City Beach

      6,000 sq ft Class A office, Hwy 79 & Griffitts Parkway
      1002 N Arnold Rd, Panama City Beach, FL 32413
      View Details
    • $27 SF/Yr
      800 SF

      Prime PCB Office Space - Hwy 98

      800 sq ft, 2nd floor end unit, Hwy 98 frontage.
      17320 Pc Bch 203 Pkwy, Panama City Beach, FL 32413
      View Details
    • $1.67 SF/Yr
      32,000 SF

      Prime Panama City Beach Office Suite

      32,000 sq ft, Move-in Ready Office Space
      14101 Pcb Pkwy, Panama City Beach, FL 32413
      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.
    107 Amar Pl
    Panama City Beach, FL 32413-5014
    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.