Contractor Site with Office,
1219 Transmitter Road Panama City, FL 32401
For Sale
$849,000
1.5 acre site with office, shop, and lay-down yard.
Property Size4,162 SF
Lot Size1.49 Acres
Price / SF$203.99
Days on Market333
Property Features for 1219 Transmitter Road
General Information
Standard status
Active
Size
4,162 SF
Lot size
1.49 Acres
Property subtype
Commercial
Building Details
Year Built
1964
Listing Agency:
COUNTS REAL ESTATE GROUP
(850) 248-3615
Listed By:
TIMOTHY M CARROLL · License #3021473
Source:
Corcoran
Added: Aug 29, 2025
Changed: Jul 6
Last Checked: Jul 27 at 8:56AM
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 COUNTS REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
This 1.5± acre site, currently occupied by a construction contractor, is suitable for contractors seeking a location with an office building, a large parking lot, and a sizable lay-down yard. The 4,162± square foot office building features a large reception area, a conference room, eight offices, a full kitchen, and 2.5 restrooms, including two with showers. A detached 1,152± square foot shop is partially heated and cooled. The property is located north and adjacent to the new City of Springfield government complex, offering visibility and convenient access to U.S Hwy. 98, Business 98, and Hwy. 231 via Transmitter Road.
Key Highlights
- 1. 5± acre site ideal for contractors with office building, large parking lot, and huge lay‑down yard.
- Nicely appointed 4,162± s.f office building includes a large reception area, conference room, eight offices, full kitchen, and 2.5 restrooms (two with showers).
- Excellent visibility and easy access to U.S Hwy. 98, Business 98, and Hwy. 231.
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 | $87.4k | $21.00 |
| − Vacancy | −$17.5k | −$4.20 |
| EGI | $69.9k | $16.80 |
| − OpEx | −$17.5k | −$4.20 |
| NOI | $52.4k | $12.60 |
4,162 SF · lease $21.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$749.2K
$655.5K – $874.0K
NOI $52,441 @ 7.0% cap · market cap 6.18%
Second Best
Industrial
$405.4K
$354.7K – $473.0K
NOI $28,379 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$1.05M
$915.9K – $1.22M
NOI $73,268 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Industrial property - 1.5 acre site with office, shop, and lay-down yard.
Where is this industrial property located?
The property is located at 1219 Transmitter Road Panama City, FL.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 1. 5± acre site ideal for contractors with office building, large parking lot, and huge lay‑down yard.; Nicely appointed 4,162± s.f office building includes a large reception area, conference room, eight offices, full kitchen, and 2.5 restrooms (two with showers).; Excellent visibility and easy access to U.S Hwy. 98, Business 98, and Hwy. 231.
