Versatile Panama City Commercial
1331 Harrison Avenue, Panama City, FL 32401
New
COMMERCIAL - Panama City, FL
Property size:
11,171 SFLot size:
0.66 AcresPrice / SF:
$223/SF- Added:
- May 22, 2026
- Days on Market:
- 1
- Last Refresh:
- May 22 at 9:06 pm
Property Features for 1331 Harrison Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 18353-000-000
- Size
- 11,171 SF
- Lot size
- 0.66 Acres
Taxes and HOA fees
- Tax Description
- WASHINGTON HEIGHTS LOTS 7,8,9 & 10 E1/2 BLK 8 ORB 4052 P 111
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Ceiling Fan(s)
Building Details
- Year built
- 2021
- Flooring type
- Concrete
- Building materials
- Concrete, VinylSiding
- Roof type
- Metal
Listing agent The Sanchez Group (850) 890-6262
Listing office Think Real Estate 2810 Martin Luther King Jr. Bl Suite C, Panama City Beach, FL (850) 270-4200
Listing date May 22, 2026
MLS# 790265
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- New commercial property with 11,171 SF of versatile space.
- 7,134 SF warehouse with 21‑foot ceilings and 1,391 SF mezzanine.
- Premium Kingspan(R) insulated metal wall and roof panel envelope for energy efficiency.
- Robust infrastructure including 600‑amp, 240/120V 3‑phase electrical service.
- Professionally finished 1,153 SF showroom with dedicated reception and private office.
- 24,000 SF site with ADA‑accessible parking and professional landscaping.
Overview
Located in Panama City along a growing commercial corridor, this commercial property at 1764 Lisenby Avenue offers approximately 11,171 square feet of showroom, warehouse, and office space. It is designed to support a variety of business operations and is suited for owner-users, fabricators, distributors, light industrial operators, automotive or service businesses, or investors. The building features a 7,134 square foot warehouse with ceilings approaching 21 feet, providing vertical storage capacity. The open-span warehouse layout accommodates industrial or commercial uses, with sealed concrete floors. A 1,391 square foot mezzanine adds usable square footage for inventory storage, supplies, archives, or workspace. At the front of the building, a 1,153 square foot showroom features stained and sealed concrete floors, acoustic drop ceilings, and LED pendant lighting. Adjacent spaces include a reception, private office, filing area, vacuum room, and ADA-compliant restrooms. The building has Kingspan(R) insulated metal wall and roof panel envelope. The property includes a 600-amp, 240/120V 3-phase electrical service. The 0.66-acre site features ADA-accessible parking, on-street parking, professional landscaping, and concrete drives, engineered to current Florida Building Code with hurricane-rated structural design.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.56M
NOI $140,755 @ 9.00% cap · cautious / downside scenario
Moderate
$2.01M
NOI $140,755 @ 7.00% cap · market / base-case scenario
Aggressive
$2.82M
NOI $140,755 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $234.6k | $21.00 |
| − Vacancy | −$46.9k | −$4.20 |
| EGI | $187.7k | $16.80 |
| − OpEx | −$46.9k | −$4.20 |
| NOI | $140.8k | $12.60 |
11,171 SF · lease $21.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$2.01M
$1.76M – $2.35M
NOI $140,755 @ 7.0% cap · market cap 5.63%
Second Best
Retail
$1.84M
$1.61M – $2.15M
NOI $128,790 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $196,654 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Panama City Hot ...
Factory
PcSnkrs
Clothing & Fashion Store
Panama City Hot ...
Factory
McLeod's Glass & Supply
Hardware & Home Improvement
Similar Places Nearby
- Vittles Catering — 508 Harmon Ave, Panama City, FL 32401
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Walton
- State
- Florida
- Longitude
- -85.660524
- Latitude
- 30.172668
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Showroom, warehouse, and office space in Panama City, Florida.
Where is this flex space located?
The property is located at 1331 Harrison Avenue Panama City, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: New commercial property with 11,171 SF of versatile space.; **7,134 SF warehouse with 21‑foot ceilings and 1,391 SF mezzanine.**; Premium Kingspan(R) insulated metal wall and roof panel envelope for energy efficiency.
