Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    625 Tyndall Pkwy Panama City, FL 32404-6135
    Back to Search
    Property profile & analytics

    625 Tyndall Pkwy, Panama City, FL 32404-6135

    View on Map
    • Retail space
    • 2,000 SF
    • 0.26 lot acres
    Off-Market
    Last Sale Aug 4, 2023
    $275,000
    Property ID
    US18-0344019
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Smoke shop (Haze Heaven) | Vapes | CBD | Delta | Kratom / (Bike/Boat/Book/etc) Store

    Property Details for 625 Tyndall Pkwy

    Year built
    1987
    Construction
    STEEL FRAME
    Lot size
    0.26 lot acres
    Zone code
    CLWY04
    Property type
    Retail space
    APN
    24358-040-000
    APU
    24358040000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 4, 2023 $275,000 Vihar 230 LLC Kunal Patel Warranty Deed —
    Aug 17, 2020 $195,000 Kunal Patel James A Black Warranty Deed —
    Jun 27, 2013 $190,000 James A Black III Byas,albert A Warranty Deed —
    — — Albert A Byas — Deed Of Trust · related $230k · Prosperity Bank
    — — Albert A Byas — Deed Of Trust · related $45k · Prosperity Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.5915
    Latitude
    30.1596
    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
    $3,115
    $89,907
    $134,336
    $224,243
    -
    $89,907
    $134,336
    $224,243

    Comparable in this City

    • Value Estimation by Request
      1,680 SF

      148 Tyndall Pkwy

      RETAIL STORES (PERSONAL SERVICES)
      148 Tyndall Pkwy, Panama City, FL 32404-6451
      View Details
    • Value Estimation
      $860,000
      5,200 SF

      837 Tyndall Pkwy

      RETAIL STORES (PERSONAL SERVICES)
      837 Tyndall Pkwy, Panama City, FL 32404-9495
      View Details
    • Value Estimation by Request
      1,584 SF

      4909 Hwy 22

      RETAIL STORES (PERSONAL SERVICES)
      4909 Hwy 22, Panama City, FL 32404-6233
      View Details
    • Value Estimation by Request
      2,024 SF

      226 Sudduth Pla-c

      RETAIL STORES (PERSONAL SERVICES)
      226 Sudduth Pla-c, Panama City, FL 32404-6741
      View Details
    • Value Estimation
      $655,000
      6,240 SF

      6823 Hwy 22

      RETAIL STORES (PERSONAL SERVICES)
      6823 Hwy 22, Panama City, FL 32404-2369
      View Details
    • Value Estimation by Request
      2,016 SF

      7431 Hwy 22

      RETAIL STORES (PERSONAL SERVICES)
      7431 Hwy 22, Panama City, FL 32404-2501
      View Details

    Similar Nearby for Sale

    • $520,000
      3,430 SF

      Established Furniture Store with Real Estate

      Operating furniture store, home decor, gifts, jewelry, and real estate.
      5022 Highway 22, Callaway, FL 32404
      View Details
    • $125,000
      3,430 SF

      Established Furniture Store Business

      Operating furniture and home decor business for sale in Callaway.
      5022 Highway 22, Callaway, FL 32404
      View Details
    • $398,000
      3,430 SF

      Renovated Retail Building with Charm

      Charming, renovated retail building with multiple entrances and parking.
      5022 Highway 22, Callaway, FL 32404
      View Details
    • Contact for pricing

      Retail Space with Dunkin' Co-Tenant

      Retail space available for lease with high traffic location.
      710 North Tyndall Pkwy, Panama City, FL 32404
      View Details
    • $789,000
      5,000 SF

      Panama City Commercial Facility

      5,000 SF commercial facility in high-traffic Panama City location.
      5409 Hickory St, Panama City, FL 32404
      View Details
    • Contact for pricing
      2,768 SF

      High-Visibility Commercial Building on Corner Lot

      2,768 SF commercial building on 0.446-acre corner lot.
      247 Highway 22 A, Panama City, FL 32404
      View Details

    Similar Nearby for Lease

    • $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
      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
    • 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

      Retail Building with Flexible Suites

      Concrete block retail building offers multiple ingress points, strong dual-corridor visibility, and flexible remaining suite configurations.
      5401 Highway 98 East, Panama City, FL 32404
      View Details
    • $22 SF/Yr
      51,896 SF

      Retail Center in Panama City

      Retail spaces available in Panama City, FL, opening Spring 2027.
      133 S Tyndall Pkwy, Panama City, FL 32404
      View Details

    Property Visit Statistics

    • Visits by month
      1.7k
    • Visitors by month
      1.2k
    • Avg Time on site
      22 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.
    625 Tyndall Pkwy
    Panama City, FL 32404-6135
    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
    625 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!