1117 Saint Andrews Blvd, Panama City, FL
7,200 SF flex warehouse in Panama City for lease.
- Added:
- Nov 24, 2025
- Days on Market:
- 200
- Last Refresh:
- May 20 at 8:29 pm
Property Features for 1117 Saint Andrews Blvd
General Information
- Standard status
- Active
- Size
- 7,200 SF
- Lot size
- 0.79 Acres
- Property subtype
- INDUSTRIAL
Listing agent Craig Barrett License #3294646 (850) 217-0303
Listing office NBI Properties, Inc. (850) 217-0303
Listing date Nov 24, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of NBI Properties, Inc.
HighLights
- High visibility location with 22,500 average daily traffic count.
- 7,200sf flex warehouse in central Panama City location.
- Approximately 1,785sf of fully remodeled office space with two restrooms and four offices.
- Conditioned warehouse space of approximately 5,415sf with two 5‑ton HVAC units and full LED lighting.
- Two 12’ x 12’ overhead bay doors for easy access.
- Ample parking for 15+ vehicles with truck turnaround space on .80/acre lot.
Overview
Local 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 | $151.2k | $21.00 |
| − Vacancy | −$30.2k | −$4.20 |
| EGI | $121.0k | $16.80 |
| − OpEx | −$30.2k | −$4.20 |
| NOI | $90.7k | $12.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Walton
- State
- Florida
- Longitude
- -85.6779
- Latitude
- 30.204
