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7099 HWY 98 W
About This Property
Now available: a high-visibility 1-acre outparcel at 7099 Hwy 98 West in Panama City Beach, FL. Situated within a retail center anchored by Murphy USA, Dollar General, and the high-speed electric go-kart attraction Cartona, this site benefits from exceptional traffic counts and a strategic location.
The site lies directly adjacent to NSA Panama City Naval Base, surrounded by residential neighborhoods and year-round demand drivers. With multiple AADT corridors converging nearbya"including 69,718 vehicles per day on Hwy 98 Front Beach Rd, and 36,500 on Thomas Drive, the exposure and access are unmatched in this submarket.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 31, 2025 | Listed by Counts Real Estate Group Inc | $1,000,000 | |
| Listed by Counts Real Estate Group Inc | |||
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