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Property profile & analytics
OFF-MARKET Estimated value $905,000
Medical Office Space

12905 Panama City Bch Pkwy Panama City Beach, FL 32407-2717

5,904 SF 0.18 ac lot Built 2013
Entity Owned 10-yr Hold Free & Clear
Property ID
US19-0873254
Property summary
AI-generated overview

This exceptional two-story medical office building, constructed in 2013, boasts a total of 5,400 square feet and is situated at 12905 Panama City Beach Parkway in Panama City Beach, Florida (zip code 32407). The property features multiple tenancies and offers excellent visibility with over 275 feet of frontage on Panama City Beach Parkway, including electronic signage. Currently, there is 2,600 square feet of vacant space available on the second floor, which can be subdivided into two 1200 square foot units. A minimum three-year lease term is required. In addition to the standard lease options, there is also 2,400 square feet of time-share space available, offering 4-hour sessions for $125 and 8-hour sessions for $250. This presents a unique opportunity for flexible use. Furthermore, two pad sites are available for build-to-suit medical office developments for qualified clients. The property's APN is 34040-002-010/34040-002-000, located in Bay County. This presents a rare opportunity to establish or expand a medical practice in a high-traffic, highly visible location. The building's prime location and flexible space options make it an ideal choice for various medical professionals.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2013
Construction WOOD
Total area 5,904 SF
Lot 0.18 ac (7,797 SF)
Zoning code PCB03
APN 34040-002-030
UPID US19-0873254
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
by Request
Comparable Approach Comparable
$572k
Blend (final) Blend
$905k
Owner & transaction history
Gator Safety LLC · 10 yrs held
Gator Safety LLC
since 2015
7 recorded transactions
2015
$275,000
2011
$345,000
2011
$325,000
2004
$36,000
2004
$483,400
1969
Price N/A
1969
Price N/A
Zoning & alternative use
PCB03 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.5M +71.6%
Office building $1.2M +37.3%
Retail stores $875,000 +1.5%
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