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6345 Hwy 98 Panama City, FL 32404-7437

OFF-MARKET Office Spaces Google Maps
5,822 SF 16.18 ac lot Built 2022
Entity Owned 5-yr Hold Free & Clear
Estimated value (blended)
$2.89M
Range $2.60M – $3.18M (±10%)
Property ID US18-7528583

Property summary

AI-generated overview

This exceptional 44,431.2 square foot vacant land parcel presents a unique investment opportunity in Panama City, Florida. Located at 6345 E Highway 98, zip code 32404, this property boasts a recently constructed, 26-slip deep-water marina, a truly rare find in this desirable location. The expansive lot offers significant potential for diverse development, catering to a variety of commercial ventures. Imagine the possibilities: a thriving ship store catering to boaters, a waterfront restaurant offering stunning bay views, or perhaps a lucrative boat storage facility. The existing marina infrastructure provides a solid foundation for immediate income generation and future expansion. Built in 2022, the marina is ready for operation, minimizing upfront development costs and maximizing return on investment. The property's prime location on the Bay ensures high visibility and accessibility, attracting a large customer base. This is a chance to acquire a turnkey commercial property with significant upside potential in a rapidly growing area. The asking price is $1,500,000. Don't miss this exceptional opportunity to secure a piece of Panama City's vibrant waterfront. Contact us today to learn more about this remarkable property and its development possibilities.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2022
Construction WOOD
Total area 5,822 SF
Lot 16.18 ac (704,605 SF)
APN 26217-000-000
UPID US18-7528583

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.89M

Owner & transaction history

since 2021
Last sale
$4.0M
4 recorded transactions
2021
$4.0M
2003
$8.5M
2002
$1.2M
2002
$1.8M

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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