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Property profile & analytics
OFF-MARKET Estimated value $5,895,000
Office Spaces

120 Richard Jackson Blvd Panama City Beach, FL 32407-2521

36,000 SF 2.77 ac lot Built 2004
Individually Owned 9-yr Hold Free & Clear
Property ID
US18-4745425
Property summary
AI-generated overview

This exceptional 1,073 square foot office suite, located in the desirable Beckrich Office Park in Panama City Beach, is now available for lease. Situated on the second floor, Suite 215 offers a convenient and productive workspace. The layout includes a private office, perfect for executive needs, and a spacious open area ideal for collaborative work or additional workstations. The property is a single-tenant space within a larger building, offering privacy and control. Leasing terms are triple net (NNN), meaning base rent excludes property taxes, insurance, and common area maintenance. However, utilities are included in the NNN lease, with the exception of telecommunications and Wi-Fi. This prime location provides unparalleled convenience, with close proximity to a variety of amenities including Starbucks, Publix, and Chick-fil-A, as well as other restaurants and retail establishments. The property's APN is 34034-005-033. This is a fantastic opportunity for businesses seeking a well-appointed, conveniently located office space in a thriving area. The building consists of only one suite, making this a unique opportunity for a single tenant. The lot size is not specified.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2004
Construction STEEL FRAME
Total area 36,000 SF
Lot 2.77 ac (120,618 SF)
Zoning code PCB24
APN 34034-005-033
UPID US18-4745425
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
$5.61M
Comparable Approach Comparable
$7.59M
Blend (final) Blend
$5.90M
Owner & transaction history
Commercial Real Est Acquisitio · 9 yrs held
Commercial Real Est Acquisitio
since 2017
1 recorded transaction
2017
$6.2M
Zoning & alternative use
PCB24 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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