12011 Panama City Beach PkwyPanama City Beach, FL 32407

Property Details for 12011 Panama City Beach Pkwy

Year built

2002

Construction

STEEL FRAME

Lot size

1.08 AC

Property size (Sq ft)

16,120 SF

Zone code

BC04

Property type

Retail properties

Property subtype

Retail space

APN

34039-165-000

APU

34039165000

Description

The Shops at Renaissance Square, a 93,600 square foot power center in southeast Fort Worth, Texas, presents a prime retail leasing opportunity. This single-story building, constructed in 2013, sits on a 6.15-acre lot and boasts a strong national tenant mix. A key advantage is its shadow-anchoring by a Walmart Supercenter, ensuring high foot traffic and visibility. Currently, 5,500 square feet of retail space is available, previously occupied by Rue21. This space offers excellent potential for a variety of retail uses, benefiting from the established success of the center's existing tenants. Located in Tarrant County, this property provides easy access to major transportation routes and a dense consumer base. The property's size and location make it an ideal investment for businesses seeking high-traffic exposure in a thriving retail environment. The existing infrastructure and established customer base offer a significant advantage for new tenants looking to establish or expand their presence in the Fort Worth market. This is a rare opportunity to secure space in a well-established, high-performing power center.

• CAP approach

  CAP return

  Valuation

  6%

  $4,335,427

  6.5%

  $4,001,932

  7%

  $3,716,080

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,887,846

  Geo Method

  $2,887,846

• Alternative Use

  Use

  Valuation

  Residential

  $3,375,780

  Hospitality

  $3,092,196

  Educational

  $2,572,671

  Medical

  $2,661,149

  Retail

  $4,001,932

Location Insight

City

Panama City Beach

County

Bay

State

Florida

Latitude

30.2036

Longitude

-85.8252

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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