230 Arnold Rd Panama City Beach, FL 32413-2151
This exceptional 6,450 square foot medical office building, situated on a 0.8-acre lot at 230 S Arnold Rd, Panama City Beach, FL 32413, presents a unique investment opportunity. The single-story, Class B building, constructed in 1982 and extensively renovated in 2020, boasts 5,862 square feet of net rentable space. Currently vacant, this property offers immediate occupancy for an owner-user or potential for lease income. Key features include a new 15-ton HVAC system, a 2020 roof replacement, ample parking with dual street access, and a large, high-resolution digital sign. The property benefits from its prime location near City Hall, the new Panama City Beach Hospital (less than a mile away), and the beach (1000 feet). Arnold Road is undergoing a significant widening project, enhancing visibility and accessibility. The permitted zoning is commercial, allowing for flexibility in use. The asking price is $2,980,321, representing a price per square foot of $462.07. A survey and original floor plan are available. This is a fee-simple ownership opportunity. The building is ready for immediate occupancy and offers significant potential for a variety of uses, including its previous use as a medical office.
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
PCB22 · 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.