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Property profile & analytics
FOR SALE
Retail space

7811 Panama City Beach Pkwy Panama City Beach, FL 32407

6,392 SF 0.67 ac lot Built 1993
Individually Owned 25-yr Hold ~ Est. High Equity
Property ID
US18-0635195
Property summary
AI-generated overview

This exceptional 6,392 square foot retail building, situated on a 29,185.2 square foot lot at 7811 Panama City Beach Parkway in Panama City Beach, Florida (zip code 32407), presents a compelling investment opportunity. Boasting a prime location on a high-traffic thoroughfare with a Florida Department of Transportation (FDOT) AADT of 45,000, this single-story, 1993-built structure offers significant visibility and accessibility. The property features a convenient concrete parking area and loading dock, complete with a 10'x10' roll-up door. Inside, you'll find two bathrooms and a versatile layout ideal for a variety of retail uses. The building is climate-controlled and equipped with both electric and natural gas utilities. A new metal roof was installed in 2019, ensuring long-term durability. Zoned C3 General Commercial, this +/- 0.672-acre property (60'x100' metal building) has served as a furniture store since 1999, demonstrating its suitability for retail operations. The asking price is $1,995,000. This well-maintained property offers a rare chance to acquire a thriving retail space in a highly desirable location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1993
Construction STEEL FRAME
Total area 6,392 SF
Lot 0.67 ac (29,280 SF)
Zoning code BC05
APN 27856-022-000
UPID US18-0635195
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k
Owner & transaction history
Herbert W Whitestone · 25 yrs held
Herbert W Whitestone
since 2001
5 recorded transactions
2020
Price N/A
2001
$336,500
1999
$281,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
BC05 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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