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Property profile & analytics
FOR SALE
Office Spaces

1148 Jenks Ave Panama City, FL 32401

1,868 SF 0.16 ac lot Built 1940
Individually Owned 5-yr Hold ~ Est. High Equity
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hitchcock Properties Real Estate- Homes For Sale Panama City Real Estate Agency
  • Barbara Ann Maxwell, MSW Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Brenton L Hitchcock · 5 yrs held
Brenton L Hitchcock
since 2021
Last sale
$216,000
2 recorded transactions
2021
$216,000
2001
$57,000
Zoning & alternative use
PC06 · Panama City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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