12905 Panama City Beach PkwyPanama City Beach, FL 32407

Property Details for 12905 Panama City Beach Pkwy

Year built

2013

Construction

WOOD

Lot size

0.18 AC

Property size (Sq ft)

5,904 SF

Zone code

PCB03

Property type

Healthcare properties

Property subtype

Medical offices

APN

34040-002-030

APU

34040002030

Description

This exceptional two-story medical office building, constructed in 2013, boasts a total of 5,400 square feet and is situated at 12905 Panama City Beach Parkway in Panama City Beach, Florida (zip code 32407). The property features multiple tenancies and offers excellent visibility with over 275 feet of frontage on Panama City Beach Parkway, including electronic signage. Currently, there is 2,600 square feet of vacant space available on the second floor, which can be subdivided into two 1200 square foot units. A minimum three-year lease term is required. In addition to the standard lease options, there is also 2,400 square feet of time-share space available, offering 4-hour sessions for $125 and 8-hour sessions for $250. This presents a unique opportunity for flexible use. Furthermore, two pad sites are available for build-to-suit medical office developments for qualified clients. The property's APN is 34040-002-010/34040-002-000, located in Bay County. This presents a rare opportunity to establish or expand a medical practice in a high-traffic, highly visible location. The building's prime location and flexible space options make it an ideal choice for various medical professionals.

• CAP approach

  CAP return

  Valuation

  6%

  $1,080,178

  6.5%

  $997,087

  7%

  $925,867

• Comparable approach

  Method

  Valuation

  Relative Method

  $419,715

  Geo Method

  $419,715

• Alternative Use

  Use

  Valuation

  Residential

  $1,236,388

  Hospitality

  $1,132,525

  Educational

  $942,247

  Medical

  $974,653

  Retail

  $1,465,718

Location Insight

City

Panama City Beach

County

Bay

State

Florida

Latitude

30.205

Longitude

-85.837

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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