Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    512 Commerce Dr, Unit A Panama City Beach, FL 32408

    Sponsored
    For Lease
    $1,750 /Mo

    COMMERCIAL - Panama City Beach, FL

    Days on Market:
    55
    Last Refresh:
    Jan 25 at 9:06 am

    Property Features for 512 Commerce Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    27885-005-000

    Utilities

    Heating system
    Electric (Heating), Central

    Building Details

    Year built
    1993

    We can help!

    Listing Contact
    Ashley Dunnigan

    Coastal Choice Realty, LLC (850) 215-4160

    Listing agent Ashley Dunnigan (850) 215-4160 License #3105927

    Listing date Dec 2, 2025

    MLS# 779145

    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.

    Learn more

    Property Insight Report

    Overview

    Updated Commercial Space with Warehouse

    This well-maintained commercial space is located in Panama City Beach, Florida. The unit features approximately 900 square feet of heated and cooled office space, along with one bathroom. An additional 400 square feet of warehouse space is accessible via a roll-up door. Recent updates include new paint and flooring, providing a modern aesthetic. Water and sewer services are included; the tenant is responsible for power. Unit B is also available and can be connected with this unit. If both Unit A and Unit B are leased together, the total monthly rent would be $3,200 plus any applicable sales tax. The property is suitable for commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City Beach
    County
    Bay
    State
    Florida
    Longitude
    -85.762279
    Latitude
    30.181972

    Nearby Similar for Lease

    • $12 SF/Yr

      Panama City Beach Commercial Property

      Office, warehouse, and outdoor storage space in Beach Commerce Park.
      17687 Ashley Dr, Panama City Beach, FL 32413
      View Details
    • $3,999 /Mo

      Prime Panama City Beach Office

      Commercial property with four offices, kitchen, and ample outdoor space.
      17799 Panama City Beach Pkwy, Panama City Beach, FL 32413
      View Details
    • $12,000 /Mo

      Panama City Beach Retail Space

      Open retail space with offices, storage, and easy access.
      483 Richard Jackson Blvd, Panama City Beach, FL 32407
      View Details
    • $2,000 /Mo

      Retail Space in Promenade Mall

      Prime commercial space in Panama City Beach's established shopping destination.
      8317 Front Bch 34C Rd, Panama City Beach, FL 32408
      View Details
    • $1,500 /Mo

      Retail Space in Promenade Mall

      Prime commercial space in Panama City Beach's established shopping destination.
      8317 Front Bch 34C Rd, Panama City Beach, FL 32408
      View Details
    • $450 /Mo

      Remodeled Office Space Available

      Professional office space perfect for various business uses.
      17320 Panama City Beach Pkwy, Panama City Beach, FL 32413
      View Details
    • $650 /Mo

      Remodeled Office Space Available

      Professional office space perfect for various business uses.
      17320 Panama City Beach Pkwy, Panama City Beach, FL 32413
      View Details
    • $300 /Mo

      Remodeled Office Space Available

      Professional office space perfect for various business uses.
      17320 Panama City Beach Pkwy, Panama City Beach, FL 32413
      View Details
    • $1,380 /Mo

      Panama City Beach Office/Retail Space

      Versatile commercial space in Panama Plaza, high visibility, easy access.
      17320 Pc Bch 204 Pkwy, Panama City Beach, FL 32413
      View Details
    • $21 SF/Yr

      Panama City Beach Commercial Space

      Medical office space available for lease in Panama City Beach.
      120 Richard Jackson Blvd, Panama City Beach, FL 32407
      View Details
    • $45 SF/Yr

      Watersound West Bay Retail Space

      Retail/restaurant space in Panama City Beach, completion anticipated Q1 2026.
      8411 Town Ctr Blvd, Panama City Beach, FL 32413
      View Details
    • $21 SF/Yr

      Office Space in Beckrich Park

      Office space for lease in Panama City Beach, FL.
      100 Richard Jackson Blvd, Panama City Beach, FL 32407
      View Details

    FAQs

    What type of property is this?
    Office space - Recently updated commercial space with office and warehouse areas.
    Where is this office space located?
    The property is located at 512 Commerce Dr, Unit A Panama City Beach, FL.
    What are key features of this property?
    This property features: - Great Location; - **Roughly 900 sq ft of heated and cooled office space**; - Roughly 400 sq ft of warehouse space with roll up door
    (850) 527-9744
    Request Owner's contact information
    512 Commerce Dr, Unit A Panama City Beach, FL 32408
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    512 Commerce Dr, Unit A
    Panama City Beach, FL 32408
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    512 Commerce Dr, Unit A Panama City Beach, FL 32408
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ashley Dunnigan
    Real Estate License ID: 3105927
    (850) 527-9744
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.