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    533 E 11Th St Panama City, FL 32401

    For Sale
    $2,900,000

    Two-story office building in shell condition with ample parking.

    Property size:
    24,924 SF

    Property Features for 533 E 11Th St

    General Information

    Size
    24,924 SF

    Building Details

    Year built
    2003

    Source: Patrick Jones, SIOR Agent Patrick Jones, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spacious Office Building in Panama City

    Constructed in 2003, this two-story building features a timeless brick masonry exterior and an interior filled with natural light from floor-to-ceiling glass panels. The property is currently in shell condition, providing a blank canvas for buildout and improvements. The building includes a grand entry atrium, second-floor elevator access, and two rear entry roll-up doors. The property is in warm shell condition with electrical, plumbing, and HVAC systems in place and operational. Ample parking is available, with 117 spaces, including 5 handicap spaces, at a ratio of 4.68:1000. The property is centrally located in close proximity to downtown Panama City, Lynn Haven, 23rd Street Retail, Tyndall AFB, and major arterials including Hwy 231, Hwy 98, and Hwy 77. The property is situated on approximately 2.7 acres and contains approximately 24,924 square feet. The property is located on the corner of 11th Street and Hamilton Ave.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bay County Juvenile ... Courthouse Bay County Clerk ... County Government Office

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.652779
    Latitude
    30.1682006

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    FAQs

    What type of property is this?
    Office building - Two-story office building in shell condition with ample parking.
    Where is this office building located?
    The property is located at 533 E 11Th St Panama City, FL.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: - Ample parking with 117 spaces (5 handicap), ratio of 4.68:1000 sf; - Centrally located near downtown Panama City, Lynn Haven, 23rd Street Retail, Tyndall AFB, and major highways; - Warm shell condition with operational electrical, plumbing, and HVAC systems
    (850) 814-5878
    Request Owner's contact information
    533 E 11Th St Panama City, FL 32401
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    Panama City, FL 32401
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    Realmo Value Estimation

    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.

    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.

    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
    533 E 11Th St Panama City, FL 32401
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