Industrial Flex Warehouse with
1117 Saint Andrews Blvd, Panama City, FL 32405
For Sale
Contact for pricing
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 Market338
Property Features for 1117 Saint Andrews Blvd
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Outdoor Storage
Listing Agency:
NBI Properties, Inc.
(850) 243-0007
Listed By:
Craig Barrett · License FL #3294646
(850) 217-0303
Source:
Moodyscre
Added: Dec 10, 2025
Changed: Nov 10
Last Checked: Nov 10 at 11:00AM
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.
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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
Estimated NOI and Cap Rate
NOI / Yr
$62,290
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,245,800
$1.2M
Cap Rate 7%
$889,857
$889.9K
Cap Rate 9%
$692,111
$692.1K
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$101.1K $14.04/SF
− Vacancy
−$5.3K −$0.73/SF
EGI
$95.8K $13.31/SF
− OpEx
−$33.5K −$4.66/SF
NOI
$62.3K $8.65/SF
Area
Bay County, FL
Vacancy
5.20%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,245,800
Cap Rate 7%
$889,857
Cap Rate 9%
$692,111
Alternative Uses
Best Use
Flex RnD
$889.9K
$778.6K – $1.04M
NOI $62,290 @ 7.0% cap · market cap 4.45%
Second Best
Warehouse
$779.1K
$681.7K – $909.0K
NOI $54,537 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $146,848 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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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
$255,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Panama City, FL
Properties on Market for Flex space in Panama City
Vacancy Rate% for Industrial in South region
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
