107 Amar PlPanama City Beach, FL 32413

Property Details for 107 Amar Pl

Year built

2006

Construction

STEEL FRAME

Lot size

1.31 AC

Property size (Sq ft)

14,819 SF

Zone code

PCB07

Property type

Office properties

APN

38324-504-000

APU

38324504000

Description

Exceptional investment opportunity in Panama City Beach, Florida, presents a 12,570 square foot, two-story multi-tenant industrial flex building situated on a 57,063.6 square foot lot. Built in 2006, this property boasts high-quality construction with modern office finishes. Currently operating at 100% occupancy, the building is subdivided into eight individual units, offering diverse income streams. The current tenant, Heritage Builders, occupies several suites which may be available to a new owner. A new roof was installed in 2023. Strategically located just off Highway 98, north of Miramar Beach/Miramar Heights, at the south end of Beach Commerce Park, this property enjoys excellent visibility and accessibility. Its proximity to the Panama City Beach Parkway further enhances its appeal. The asking price is $2,200,000, representing an attractive 8.00% cap rate. Note that a 10,000 square foot warehouse on an adjacent property is also available for lease. This presents a unique opportunity to acquire a well-maintained, high-performing asset in a thriving market. The property's strong tenancy and prime location make it an ideal investment for discerning buyers seeking stable income and potential for future growth.

• CAP approach

  CAP return

  Valuation

  6%

  $2,693,970

  6.5%

  $2,486,740

  7%

  $2,309,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,053,480

  Geo Method

  $1,053,480

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,036,600

  Retail / Commercial

  $2,555,180

  Mixed-Use / Specialty

  $2,524,350

  Hospitality / Lodging

  $1,823,760

  Institutional / Educational

  $2,616,550

  Residential Income

  $3,061,360

  Multifamily

  $3,792,030

  Automotive / Energy

  $2,242,760

  Parking / Income-Based Land

  $795,405

  Restaurant / Food Service

  $1,266,590

  Healthcare / Senior Housing

  $2,610,950

Location Insight

City

Panama City Beach

County

Bay

State

Florida

Latitude

30.2431

Longitude

-85.9112

CBSA code

37460

CBSA name

PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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