11130 Panama City Bch Pkwy Panama City Beach, FL 32407-2447
Property profile & analytics
11130 Panama City Bch Pkwy Panama City Beach, FL 32407-2447
- Medical Office Space
- 4,055 SF
- 0.79 lot acres
Property ID
US18-8448711
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
- Medical Office Space
Property Details for 11130 Panama City Bch Pkwy
- Year built
- 2022
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.79 lot acres
- Property size
- 4,055 SF
- Zone code
- PCB21
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 34030-300-010
- APU
- 34030300010
Description
This exceptional investment opportunity presents a 3,600 square foot medical office building in Panama City Beach, Florida, currently 100% occupied by Heartland Dental under a corporate-guaranteed net lease. The property boasts a strong 5.90% cap rate and a substantial NOI of $169,200. Built in 2022, this single-tenant building sits on a 0.79-acre lot and benefits from a highly visible location directly off Panama City Beach Parkway (Highway 98), experiencing 52,000 vehicles per day. The lease, commencing December 1, 2022, and expiring December 30, 2032, offers a remaining term of 8.1 years with built-in rent bumps of 10% every five years and multiple renewal options (4 and 5-year options). The property shares ingress and egress with a Publix-anchored shopping center, surrounded by other national tenants including Home Depot, Office Depot, Dunkin', Chick-fil-A, Lowe's, AutoZone, and Culver's. The strong demographics of Panama City Beach, with a projected population increase of 4-9% in the next five years, and a fifteen-mile radius encompassing 146,000 residents and over 165,300 daytime employees, further enhance the investment potential. The asking price is $2,867,797, translating to $796.61 per square foot. This is a rare opportunity to acquire a stable, high-performing asset in a thriving coastal market.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Panama City Beach
- County
- Bay
- State
- Florida
- Longitude
- -85.8087
- Latitude
- 30.1957
- 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
$13,644
$745,927
$459,525
$1,205,452
-
$745,927
$459,525
$1,205,452
