Industrial Flex Warehouse with
For Sale
Contact for pricing
1117 Saint Andrews Blvd, Panama City, FL 32405
7,200 SF flex warehouse includes offices, showrooms, restrooms, a kitchenette, and a large yard with ample parking.
Property Size7,200 SF
Price / SF$194.44
Days on Market236
Property Features for 1117 Saint Andrews Blvd
General Information
Standard status
Active
Size
7,200 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Listing Agency:
NBI Properties, Inc.
(850) 217-0303
Listed By:
Craig Barrett · License #3294646
(850) 217-0303
Source:
Moodyscre
Added: Dec 10, 2025
Changed: Jul 29
Last Checked: Aug 3 at 5:16AM
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.
Investment Insights
Based on property information with market context.
This industrial flex warehouse offers 7,200 square feet of adaptable space designed to support a variety of business operations. The interior includes three private offices, two spacious showrooms, two bathrooms, and a kitchenette. A large yard adds additional utility and storage, and the site is laid out with ample parking intended to accommodate utility vehicles.
The property is positioned at the front entrance of Sweet Bay, directly off Highway 390. The site benefits from strong visibility and exposure to approximately 22,500 vehicles each day, supporting convenient customer access and clear brand presence.
For sale as a versatile industrial/flex facility with dedicated office and showroom space plus exterior yard and parking, this property is well suited to users seeking a functional setup in a high-traffic corridor.
The property is positioned at the front entrance of Sweet Bay, directly off Highway 390. The site benefits from strong visibility and exposure to approximately 22,500 vehicles each day, supporting convenient customer access and clear brand presence.
For sale as a versatile industrial/flex facility with dedicated office and showroom space plus exterior yard and parking, this property is well suited to users seeking a functional setup in a high-traffic corridor.
Key Highlights
- 7,200 SF industrial warehouse with adaptable flex space for a variety of business operations
- Includes three private offices, two showrooms, two bathrooms, and a kitchenette
- Large outdoor yard provides additional utility and storage options
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 |
7,200 SF · lease $21.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.30M
$1.13M – $1.51M
NOI $90,720 @ 7.0% cap · market cap 6.48%
Second Best
Flex RnD
$959.5K
$839.6K – $1.12M
NOI $67,167 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,749 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32405, FL
28,158
Population
13,585
Households
2.1
Avg Household Size
40
Median Age
29%
College-Educated
92%
High-School Grad
18.8 sq mi
ZIP Area
1,498
Density / Sq Mi
$71,002
Median Household Income
$41,867
Median Earnings
$1,418
Median Rent
$255,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 7,200 SF flex warehouse includes offices, showrooms, restrooms, a kitchenette, and a large yard with ample parking.
Where is this flex space located?
The property is located at 1117 Saint Andrews Blvd Panama City, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 7,200 SF industrial warehouse with adaptable flex space for a variety of business operations; Includes three private offices, two showrooms, two bathrooms, and a kitchenette; Large outdoor yard provides additional utility and storage options
