116 Tyndall Pkwy Panama City, FL 32404-6721
Property Lookup
Property profile & analytics
116 Tyndall Pkwy Panama City, FL 32404-6721
- Strip malls
- 69,270 SF
- 6.80 lot acres
Property ID
US18-2027231
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
- Wells Fargo ATM / Atm
- Vayla's Nails & Massage / Nail Salon
Property Details for 116 Tyndall Pkwy
- Year built
- 1975
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 6.80 lot acres
- Property size
- 69,270 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 24920-020-000
- APU
- 24920020000
Description
Parker Center, a 68,680 square foot retail building located in Bay County, presents a unique leasing opportunity. Built in 1975, this single-tenant property offers significant space for a variety of retail uses. The entire building is currently vacant, providing a blank canvas for a prospective tenant to customize the space to their exact specifications. With ample parking, accommodating 360 vehicles, customer accessibility is ensured. The property lacks elevators, a factor to consider in tenant planning and design. The substantial square footage, combined with the high parking ratio, makes this property ideal for a large-format retailer, a distribution center with showroom space, or a business requiring significant storage and display areas. The property's location in Bay County offers access to a substantial consumer base and presents a strong foundation for a successful retail operation. The building's age presents an opportunity for a complete renovation and modernization, allowing a tenant to create a truly unique and contemporary retail environment. Interested parties are encouraged to conduct their own due diligence regarding zoning regulations and permitted uses. This is a rare opportunity to secure a large, single-tenant retail space in a prime Bay County location.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $14,525,000
- 6.5%
- $13,410,000
- 7%
- $12,450,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $9,277,000
Market price range: $2.37M - $17.0M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $10,125,000 Current use
- OFFICE BUILDING
- $13,100,000 Change: +29% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $8,190,000 Change: -19% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Bay
- State
- Florida
- Longitude
- -85.5917
- Latitude
- 30.1445
- 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
$40,233
$816,360
$3,075,315
$3,891,675
-
$816,360
$3,075,315
$3,891,675
