11049 Hutchison Blvd Panama City Beach, FL 32407-3715
Property profile & analytics
11049 Hutchison Blvd Panama City Beach, FL 32407-3715
- Commercial land
- 0.64 lot acres
Property ID
US18-7470014
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.
Location Intelligence
Current Use by Public Records
- Commercial land
Property Details for 11049 Hutchison Blvd
- Lot size
- 0.64 lot acres
- Zone code
- PCB22
- Property type
- Commercial land
- APN
- 34779-011-030
- APU
- 34779011030
Description
This exceptional Panama City Beach, FL storefront presents a compelling investment opportunity. The 3,100 square foot, Class A property, located at 11049 Hutchison Blvd (APN 34779-011-030), boasts a 15-year net lease with Sunburn, a corporate-guaranteed tenant, commencing July 1, 2024, and expiring June 30, 2039. The lease includes 3% annual rent bumps and four to five-year renewal options. The current NOI is $270,000, yielding a 7.71% cap rate, with a purchase price of $3,500,000 ($1,129.03/sq ft). The property sits on a 0.64-acre lot, zoned T-3, and benefits from a high traffic count of 28,000 cars daily. The building, constructed in 2024, is a Sunburn prototype featuring a safe room and a $90,000 glass display. The landlord's responsibilities are limited to property taxes, with reimbursement from the tenant. Over $500,000 in tenant improvements were completed by the developer. This single-story building offers significant potential for long-term passive income and appreciation in a rapidly growing market. The property is fee simple ownership.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,330,000
- ML approach
- $3,330,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Panama City Beach
- County
- Bay
- State
- Florida
- Longitude
- -85.812
- Latitude
- 30.1852
- 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
$4,022
$348,000
$0.00
$348,000
-
$348,000
$0.00
$348,000
