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    5102 Northbay Dr Panama City, FL 32401

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    For Lease
    $12,714 /Mo ($26 SF/Yr)

    Privately held office building near FSU/GCSC campus for lease.

    Property size:
    5,868 SF
    Lot size:
    0.54 Acres

    Property Features for 5102 Northbay Dr

    General Information

    Standard status
    Active
    Size
    5,868 SF
    Lot size
    0.54 Acres

    Building Details

    Year built
    2010

    Source: BERKSHIRE HATHAWAY HOMESERVICES Agent STEVEN C LINAHAN

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

    Overview

    Unique Office Space Near Campus

    This privately held building is situated on the FSU/GCSC campus, located within a quarter mile of Port PC and the Naval Base. The property offers potential for various uses. The owner is open to subdividing the office space but prefers to lease the entire property. The building features ample parking, an elevator, and is ADA compliant, including two handicap parking spots. A multi-year lease is preferred, with a minimum lease term of one year. The property has a size of 5868 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.6475
    Latitude
    30.1608

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    FAQs

    What type of property is this?
    Office space - Privately held office building near FSU/GCSC campus for lease.
    Where is this office space located?
    The property is located at 5102 Northbay Dr Panama City, FL.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: - Unique location: The only privately held building on FSU/GCSC campus.; - Proximity: Located within 1/4 mile of Port PC and Naval Base.; - Ample parking available.
    (850) 534-3006
    Request Owner's contact information
    5102 Northbay Dr 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
    5102 Northbay Dr Panama City, FL 32401
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