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Property profile & analytics
OFF-MARKET
Office Spaces

230 Arnold Rd Panama City Beach, FL 32413-2151

6,450 SF 0.81 ac lot Built 1982
Entity Owned 1-yr Hold Free & Clear
Property ID
US18-2643081
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1982
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,450 SF
Lot 0.81 ac (35,280 SF)
Zoning code PCB22
APN 33422-000-000
UPID US18-2643081
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
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
City Of Panama City Beach INC · 1 yrs held
City Of Panama City Beach INC
since 2025
Last sale
$2.2M
4 recorded transactions
2025
$2.2M
2022
$995,000
2020
$570,000
2019
$530,000
Zoning & alternative use
PCB22 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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