Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    532 Tyndall Pkwy Panama City, FL 32404-6182
    Back to Search
    Property profile & analytics

    532 Tyndall Pkwy, Panama City, FL 32404-6182

    View on Map
    • Turn key restaurants
    • 8,302 SF
    • 3.11 lot acres
    Off-Market
    Last Sale Aug 4, 2021
    $2,600,000
    Property ID
    US18-3761148
    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.
    Value Estimations
    $2,405,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Big Chicken / Restaurant
    • Lola's Boba's / Cafe & Coffee Shop

    Property Details for 532 Tyndall Pkwy

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.11 lot acres
    Zone code
    BC04
    Property type
    Turn key restaurants
    APN
    06257-000-000
    APU
    6257000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 27, 2022 $2,375,000 Faat Pigs LLC Frc Prg 15th Street LLC Special Warranty Deed —
    Aug 4, 2021 $2,600,000 Juguehy LLC Frc North Tyndall Parkway LLC Special Warranty Deed $3.4M · Ameris Bank
    Oct 16, 2020 — Frc North Tyndall Parkway LLC Lrn Coastal INC Grant Deed $1.3M · Dallas Cap Bk NA
    Jun 16, 2014 $715,000 Lrn Coastal INC Watwood Investments LLC Warranty Deed $890k · Regions Bank
    Dec 20, 1999 $192,000 Watwood Investments LLC Engineered Systems INC Grant Deed —
    May 19, 1999 $335,000 Engineered Systems INC Kendrick,gertrude C Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,875,000
      ML approach
      $1,905,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,047,000
      Market price range: $905k - $3.22M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,010,000
      Current use
      AUTO REPAIR, GARAGE
      $3,985,000
      Change: +98% Conversion: Difficult
      OFFICE BUILDING
      $1,770,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.5899
    Latitude
    30.1577
    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
    $28,171
    $1,082,030
    $980,615
    $2,062,645
    -
    $1,082,030
    $980,615
    $2,062,645

    Comparable in this City

    • Value Estimation by Request
      6,121 SF

      600 Tyndall Pkwy

      RESTAURANT
      600 Tyndall Pkwy, Panama City, FL 32404-6132
      View Details
    • Value Estimation by Request
      3,671 SF

      1320 Tyndall Pkwy

      RESTAURANT
      1320 Tyndall Pkwy, Panama City, FL 32404-9412
      View Details
    • Value Estimation by Request
      3,192 SF

      222 Tyndall Pkwy

      RESTAURANT
      222 Tyndall Pkwy, Panama City, FL 32404-6723
      View Details
    • Value Estimation by Request
      3,120 SF

      339 Tyndall Pkwy

      RESTAURANT
      339 Tyndall Pkwy, Panama City, FL 32404-6124
      View Details
    • Value Estimation by Request
      3,188 SF

      7623 Hwy 231

      RESTAURANT
      7623 Hwy 231, Panama City, FL 32404-4496
      View Details
    • Value Estimation by Request
      3,800 SF

      6204 Hwy 2301

      RESTAURANT
      6204 Hwy 2301, Panama City, FL 32404-4421
      View Details

    Similar Nearby for Sale

    • $1,250,000
      4.18 Acres

      Prime Commercial Opportunity on Highway

      4.18 acres on a bustling highway near beaches.
      5505 Shores Rd, Panama City, FL 32404
      View Details
    • $1,250,000

      Prime Commercial Land Opportunity

      4.18 acres on Highway 231, high visibility and growth potential.
      5505 Shores Rd, Panama City, FL 32404
      View Details
    • $175,000
      0.35 Acres

      Panama City Commercial Restaurant Location

      Restaurant location on main highway near TAFB with high visibility.
      325 S Tyndall Pkwy, Panama City, FL 32404
      View Details
    • Contact for pricing
      5,010 SF

      Unique Waterfront Property on Lake

      Versatile waterfront property suitable for various uses or residence.
      4820 N Lakewood Dr, Panama City, FL 32404
      View Details
    • $392,900
      2.00 Acres

      Commercial Land Panama City, FL

      Commercial property with high visibility and superb daily traffic count.
      15Th St, Panama City, FL 32404
      View Details
    • Contact for pricing
      21,184 SF

      Renovated Mixed-Use Commercial Opportunity

      21,184 sq ft mixed-use property in Panama City, FL.
      5420 Hickory St, Panama City, FL 32404
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      51,876 SF

      Retail Space in Panama City

      Retail space available for lease in Panama City, Florida.
      133 S Tyndall Pkwy, Panama City, FL 32404
      View Details
    • $24 SF/Yr
      51,876 SF

      Retail Space in Panama City

      Retail space available for lease in Panama City, Florida.
      133 S Tyndall Pkwy, Panama City, FL 32404
      View Details
    • $12 SF/Yr
      51,876 SF

      Retail Center in Panama City

      52,000 SF retail center, opening Spring 2027.
      133 S Tyndall Pkwy, Panama City, FL 32404
      View Details
    • Contact for pricing
      21,184 SF

      Renovated Mixed-Use Panama City Property

      21,184 sq ft mixed-use property for rent in Panama City.
      5420 Hickory St, Panama City, FL 32404
      View Details
    • Contact for pricing
      1,677 SF

      Callaway Retail Space For Lease

      Prime retail space in a thriving Callaway, FL location.
      734-740 N Tyndall Pkwy, Callaway, FL 32404
      View Details

    Property Visit Statistics

    • Visits by month
      2.2k
    • Visitors by month
      1.3k
    • Avg Time on site
      39 min
    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.
    532 Tyndall Pkwy
    Panama City, FL 32404-6182
    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

    Thank You for Inquiry
    532 Tyndall Pkwy, Panama City, FL, 32404
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!