Property profile

340 Tyndall Pkwy Panama City, FL 32404

OFF-MARKET
Car washes
Property ID
US18-4111454
1,794 SF 0.29 ac lot Built 1990
Individually Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 59,739-square-foot industrial property, situated on 1.56 acres at 900 W Indiana St, Evansville, offers a unique blend of research and development, manufacturing, and flexible workspace. Built in 1928 and extensively renovated in 2015, the single-story building boasts 18-foot ceilings, 80 parking spaces, and one drive-in bay. Currently, 19,957 square feet is vacant, presenting an excellent opportunity for expansion. The property features a fully equipped Class A office space, including a structured observation room with one-way glass, multiple conference rooms, and a state-of-the-art training room. The building is secured with a badge swipe system, camera surveillance, and interior door lock-down capabilities. Test labs are equipped with 480-volt, 3-phase power throughout, along with bus duct (12,500-volt, 480/277). A 24-inch water supply is also available. Conveniently located near the Lloyd Expressway and First Avenue, this M-2 zoned property in Vanderburgh County offers significant potential for a variety of industrial uses. An additional 16,800-square-foot maintenance facility across the street is also available. CAD drawings are available upon request.

Property profile

Verified
Property type Car washes
Use group CAR WASH
Year built 1990
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,794 SF
Lot 0.29 ac (12,763 SF)
Zoning code CLWY04
APN 06299-040-000
UPID US18-4111454

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

340 Tyndall Pkwy Panama City, FL 32404-6123
Panama City metro Census 803 PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2022
Last sale
$400,000
4 recorded transactions
2022
$400,000
2020
$1.0M
2007
$1.3M
2003
$95,000

Zoning & alternative use

CLWY04 · Panama City, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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