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1148 Jenks Ave Panama City, FL 32401

Office Spaces Google Maps
1,868 SF 0.16 ac lot Built 1940
Individually Owned 5-yr Hold ~ Est. High Equity
Estimated value (blended)
$155k
Range $140k – $171k (±10%)
Property ID US18-9971384

Property summary

AI-generated overview

This exceptional commercial office building, situated at 1148 Jenks Avenue in Panama City, Florida, presents a compelling investment opportunity. The 1,868 square foot property, built in 1940, sits on a 6,969.6 square foot lot and is zoned for commercial use. Currently generating income from established tenants, this building offers six offices and two bathrooms, providing a consistent revenue stream. The property boasts ample on-site parking, convenient access to major roads and downtown Panama City, and attractive curb appeal. Its spacious layout is adaptable to various professional uses. The central location within Panama City's business district ensures high tenant demand, while the city's continued growth suggests strong potential for future appreciation. This turnkey investment is ideal for those seeking a hassle-free, income-generating addition to their portfolio. The asking price is $400,000. The property's strong tenant base and prime location make it a highly desirable asset in a thriving market. This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a rapidly developing area of Panama City.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1940
Construction WOOD
Total area 1,868 SF
Lot 0.16 ac (7,000 SF)
Zoning code PC06
APN 18510-010-000
UPID US18-9971384

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Foster Care Service Social Service Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$160k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$155k

Owner & transaction history

since 2021
Last sale
$216,000
2 recorded transactions
2021
$216,000
2001
$57,000

Zoning & alternative use

PC06 · Panama City, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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