12905 Panama City Bch Pkwy Panama City Beach, FL 32407-2717
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PCB03 · Panama City Beach, FLPanama City Beach. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.