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Property profile & analytics
OFF-MARKET
Drive through restaurants

702 Tyndall Pkwy Panama City, FL 32404-3218

3,141 SF 1.61 ac lot Built 2022
Entity Owned 6-yr Hold Free & Clear
Property ID
US18-7560676
Property summary
AI-generated overview

This exceptional 4,017 square foot commercial property, located at 702 S Tyndall Parkway in Panama City, Florida, presents a remarkable investment opportunity. Completely remodeled in 2023, this building boasts a prime location on the highly visible southwest corner of S Tyndall Parkway and Lake Drive, benefiting from a 2023 Annual Average Daily Traffic count of 34,000. The property, zoned GC (General Commercial), is ideally suited for a variety of uses, including a church, office space, retail establishment, or restaurant. Features include new tile throughout the lobby, offices, and hallways; a new kitchen; updated AC and electrical systems; a new transformer; and fresh interior paint. The central area features high vaulted ceilings, abundant natural light, and carpet, with capacity for approximately 100 people. Three office spaces, two new bathrooms, and a bonus area near the kitchen add to the functionality. Ample parking is available, including paved areas and an additional grassy space. Situated on a 25,264.8 square foot lot (over half an acre), this property is ready for immediate occupancy. Built in 1979, this building offers a blend of established infrastructure and modern updates, making it an attractive option for discerning buyers.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2022
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,141 SF
Lot 1.61 ac (70,175 SF)
Zoning code BC02
APN 06018-021-000
UPID US18-7560676
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
Current use
Occupant on record · Public records
  • Whataburger Restaurant Take-out & Catering
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
Wb Real Estate LLC · 6 yrs held
Wb Real Estate LLC
since 2019
4 recorded transactions
2019
Price N/A
2014
$775,000
2010
Price N/A
1969
Price N/A
Zoning & alternative use
BC02 · Panama City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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