Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    17500 Panama City Bch Pkwy Panama City Beach, FL 32413-6041

    • Commercial land
    • 1.46 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7739380
    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.

    Current Use by Public Records

    • Commercial land

    Property Details for 17500 Panama City Bch Pkwy

    Lot size
    1.46 lot acres
    Zone code
    PCB24
    Property type
    Commercial land
    APN
    38328-015-000
    APU
    38328015000

    Description

    This exceptional commercial property, located at 17500 Panama City Beach Parkway in Panama City Beach, Florida, presents a unique investment opportunity. The 33,000 square foot building sits on a substantial 3.5-acre lot (155,509.2 sq ft), offering 225 feet of frontage along the highly visible Panama City Beach Parkway. Built in 1996, the property benefits from dual zoning (T-4 and M-1), allowing for diverse commercial and light industrial uses. The building features a generous 16-foot eave height and excellent access, including three 14' x 16' loading docks, a 20' x 16' loading door with a ramp, and convenient access from both Panama City Beach Parkway and Ashley Drive within Beach Commerce Park. The property's current tenant provides immediate income generation, with a lease expiring August 31, 2024, and options for 2-24 month lease extensions. The property's APN is 38328-010-000 & 38320-005-110, and the asking price is $5,250,000. This prime location offers unparalleled visibility and accessibility, making it ideal for a variety of businesses. The property's size and versatile zoning make it a highly attractive investment opportunity in a thriving coastal market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Panama City Beach
    County
    Bay
    State
    Florida
    Longitude
    -85.9027
    Latitude
    30.236
    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
    $6,370
    $819,060
    $0.00
    $819,060
    -
    $819,060
    $0.00
    $819,060

    Comparable in this City

    • Value Estimation by Request
      0.06 Acres

      22618 Panama City Bch Pkwy

      VACANT COMMERCIAL LAND • 0.06 Acres
      22618 Panama City Bch Pkwy, Panama City Beach, FL 32413-1150
      View Details
    • Value Estimation by Request
      0.83 Acres

      20804 Panama City Bch Pkwy

      VACANT COMMERCIAL LAND • 0.83 Acres
      20804 Panama City Bch Pkwy, Panama City Beach, FL 32413-1378
      View Details
    • Value Estimation by Request
      0.06 Acres

      340 Palm Bch Dr

      VACANT COMMERCIAL LAND • 0.06 Acres
      340 Palm Bch Dr, Panama City Beach, FL 32413-3059
      View Details
    • Value Estimation by Request
      0.50 Acres

      17108 Panama City Bch Pkwy

      VACANT COMMERCIAL LAND • 0.50 Acres
      17108 Panama City Bch Pkwy, Panama City Beach, FL 32413-5226
      View Details
    • Value Estimation by Request
      0.17 Acres

      116 Arnold Rd

      VACANT COMMERCIAL LAND • 0.17 Acres
      116 Arnold Rd, Panama City Beach, FL 32413
      View Details
    • Value Estimation by Request
      0.17 Acres

      106 Arnold Rd

      VACANT COMMERCIAL LAND • 0.17 Acres
      106 Arnold Rd, Panama City Beach, FL 32413
      View Details

    Similar Nearby for Sale

    • $2,500,000

      Gulf Front Lot Opportunity

      Rare gulf front lot on the West end.
      21611 Front Beach Rd, Panama City Beach, FL 32413
      View Details
    • $2,600,000

      Prime Commercial Development Site Available

      4.22 acre commercial site near Latitude Margaritaville and airport.
      000 Highway 388 W, Panama City Beach, FL 32413
      View Details
    • $625,000
      0.34 Acres

      Prime Commercial Land Panama City Beach

      Commercially-zoned land in a high-traffic Panama City Beach location.
      108-110 Highway 79 N, Panama City Beach, FL 32413
      View Details
    • $1,700,000

      Prime Panama City Beach Land

      0.92-acre vacant land near the Gulf of Mexico.
      23006 Front Beach Rd, Panama City Beach, FL 32413
      View Details
    • $725,000

      Commercial Development Site Near Buchanan Bridge

      Two-acre commercial development site near Latitude Margaritaville.
      00 Buchanan Rd, Panama City Beach, FL 32413
      View Details
    • $6,500,000

      Prime Commercial Parcel on Parkway

      Expansive commercial land with frontage on Panama City Beach Parkway.
      4.5 Ac Panama City Bch Pkwy, Panama City Beach, FL 32413
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      42,004 SF

      Panama City Beach Retail Space

      4,284 SF Retail Showroom, Prime Location
      13800 Panama City Beach Pkwy, Panama City Beach, FL 32413
      View Details
    • $18 SF/Yr
      4,490 SF

      Prime Panama City Beach Office Space

      4,490 sq ft Class A Office, Parkway Frontage
      16161 Panama City Bch 101 Pkwy, Panama City Beach, FL 32413
      View Details
    • $2,350 /Mo
      12,000 SF

      Flex Space with Roll-Up Door

      1,500 sq ft flex space with office and roll-up door.
      102 N Gulf Blvd, Panama City Beach, FL 32413
      View Details
    • $1,750 /Mo
      12,000 SF

      Warehouse Space with Roll-Up Door

      1,500 sq ft warehouse space with bathroom for rent.
      102 N Gulf Blvd #102, Panama City Beach, FL 32413
      View Details
    • $1,875 /Mo
      12,000 SF

      Flex Space with Roll-Up Door

      1,500 SF flex space featuring a roll-up door.
      102 N Gulf Blvd, Panama City Beach, FL 32413
      View Details
    • Contact for pricing

      Retail Space in Panama City

      Retail spaces available in a high-traffic tourist destination.
      15620 Panama City Beach Pkwy, Panama City Beach, FL 32413
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    17500 Panama City Bch Pkwy
    Panama City Beach, FL 32413-6041
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.