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Property profile & analytics
FOR LEASE
Warehouses

11222 Hutchison Blvd Panama City Beach, FL 32407

85,348 SF 2.18 ac lot Built 1994
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US18-7721787
Property summary
AI-generated overview

This exceptional 0.33-acre commercial land parcel presents a remarkable development opportunity in Panama City Beach, Florida. Situated at the highly visible intersection of Hutchison Boulevard (Middle Beach Road) and Richard Jackson Boulevard, this property benefits from an average daily traffic count of approximately 22,000 vehicles. Its strategic location offers unparalleled exposure and accessibility, placing it less than one mile from Highway 98, a major thoroughfare. The site's proximity to a thriving mix of retail and residential areas further enhances its appeal. Adding to its desirability is the presence of Beckrich Business Park, a significant office complex boasting over 225,000 square feet of space, located just half a mile away on Richard Jackson Boulevard. This prime location provides excellent visibility and convenient access for potential businesses, making it an ideal site for a variety of commercial developments. The property is located at 11222 Hutchison Blvd, Panama City Beach, FL 32407, in Bay County. This single-tenant land parcel offers developers a unique chance to capitalize on the area's robust growth and high traffic volume. The 0.33-acre lot provides ample space for a variety of commercial ventures. Don't miss this opportunity to secure a prominent location in a flourishing market.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1994
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 85,348 SF
Lot 2.18 ac (95,048 SF)
Zoning code PCB24
APN 34809-900-030
UPID US18-7721787
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$9.95M
Comparable Approach Comparable
$8.30M
Blend (final) Blend
$7.95M
Owner & transaction history
U Haul Co · 1 yrs held
U Haul Co
since 2024
Last sale
$7.6M
1 recorded transaction
2024
$7.6M
Zoning & alternative use
PCB24 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $12.3M +84.4%
Medical building $10.1M +52.2%
Industrial (general) $6.7M +0.7%
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