Commercial Development Site with
8308 Panama City Beach Parkway Panama City Beach, FL 32407
For Sale
$4,400,000
Pending
COMMERCIAL - Panama City Beach, FL
Property Size9,180 SF
Lot Size5.40 Acres
Days on Market74
Property Features for 8308 Panama City Beach Parkway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Pending
- APN
- 27904-000-000
- Lot size
- 5.40 Acres
Taxes and HOA fees
- Tax Description
- G C 2ND ADD LOT 9 LESS WLY 200' ORB 3431 P 708
Listing Agency:
Counts Real Estate Group Inc
(850) 249-3615
Listed By:
Daniel Dunnivant
(727) 512-9742
Added: May 11
Changed: Jun 29
Last Checked: Jul 23 at 3:06PM
MLS# 789768
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.
Investment Insights
Based on property information with market context.
This offering combines a large commercial development parcel with an existing building totaling approximately 9,180 square feet. The warehouse portion includes approximately 5,000 square feet with four 12' x 14' roll-up doors and approximately 14' clear ceiling height. The remaining space is configured as about 4,000 square feet of office-showroom.
The property is located on Panama City Beach Parkway in unincorporated Bay County and is zoned GC-3 General Commercial. It offers approximately 345 feet of frontage and roughly 700 feet of depth, supporting high-visibility access along a highly traveled corridor. The seller estimates annual average daily traffic at about 44,500 vehicles.
The warehouse building is currently leased by HERC Rental, with the lease expiring May 31, 2027.
The property is located on Panama City Beach Parkway in unincorporated Bay County and is zoned GC-3 General Commercial. It offers approximately 345 feet of frontage and roughly 700 feet of depth, supporting high-visibility access along a highly traveled corridor. The seller estimates annual average daily traffic at about 44,500 vehicles.
The warehouse building is currently leased by HERC Rental, with the lease expiring May 31, 2027.
Key Highlights
- Approximately 345' of frontage on Panama City Beach Parkway with about 700' depth in unincorporated Bay County
- Zoned GC‑3 General Commercial for a wide range of commercial uses
- Annual average daily traffic estimated at 44,500 vehicles (AADT)
Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $258.9k | $28.20 |
| − Vacancy | −$53.1k | −$5.78 |
| EGI | $205.8k | $22.42 |
| − OpEx | −$51.5k | −$5.60 |
| NOI | $154.4k | $16.81 |
9,180 SF · lease $28.20/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.21M
$1.93M – $2.57M
NOI $154,355 @ 7.0% cap · market cap 3.51%
Second Best
Retail
$1.44M
$1.26M – $1.68M
NOI $100,520 @ 7.0% cap · market cap 2.28%
Theoretical Best
Office A
$2.67M
$2.34M – $3.12M
NOI $187,231 @ 7.0% cap · market cap 4.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar Off Market Nearby
- The Space Place — 2028 Dorothy Ave, Panama City, FL 32408
- Moylan Storage — 1625 Moylan Rd, Panama City Beach, FL 32407
- Horizon Self Storage — 8015 Front Beach Rd, Panama City Beach, FL 32407
- Climate Controlled — 9119 Panama City Beach Pkwy, Panama City Beach, FL 32407
- Pack Rat Storage — 9119 Panama City Beach Pkwy, Panama City Beach, FL 32407
FAQs
What type of property is this?
Warehouse - GC-3 zoned site with 345 feet of frontage and an attached 9,180-square-foot warehouse and office-showroom building.
Where is this warehouse located?
The property is located at 8308 Panama City Beach Parkway Panama City Beach, FL.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: Approximately 345' of frontage on Panama City Beach Parkway with about 700' depth in unincorporated Bay County; Zoned GC‑3 General Commercial for a wide range of commercial uses; Annual average daily traffic estimated at 44,500 vehicles (AADT)
