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Contractor Site with Office, Shop

1219 Transmitter Road Panama City, Panama City, FL 32401

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For Sale

$849,000

1.5 acre site with office, shop, and lay-down yard.

Type:Commercial

Property size:

4,162 SF

Lot size:

1.49 Acres

Price / SF:

$203/SF

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.
Located north and adjacent to the new City of Springfield government complex.
Detached 1,152± s.f shop is partially heated and cooled.
Suitable for contractors seeking a replacement location in the Panama City area.

We can help!

Listing Contact

TIMOTHY M CARROLL

For Sale

$849,000

1.5 acre site with office, shop, and lay-down yard.

Type:Commercial

Property size:

4,162 SF

Lot size:

1.49 Acres

Price / SF:

$203/SF

Added:: Aug 29, 2025
Days on Market:: 288
Last Refresh:: May 10 at 9:59 pm

Property Features for 1219 Transmitter Road Panama City

General Information

Standard status: Active
Size: 4,162 SF
Lot size: 1.49 Acres
Property subtype: Commercial

Building Details

Year Built: 1964

We can help!

Listing Contact

TIMOTHY M CARROLL

Listing agent TIMOTHY M CARROLL License #3021473

Listing office COUNTS REAL ESTATE GROUP

Listing date Aug 29, 2025

Source Corcoran

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

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.
Located north and adjacent to the new City of Springfield government complex.
Detached 1,152± s.f shop is partially heated and cooled.
Suitable for contractors seeking a replacement location in the Panama City area.

Overview

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.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $52,441 @ 7.0% cap · market cap 6.18%

Second Best

Industrial

$405.4K

$354.7K – $473.0K (±1% cap)

NOI $28,379 @ 7.0% cap · market cap 3.34%

Theoretical Best

Office A

$1.05M

$915.9K – $1.22M (±1% cap)

NOI $73,268 @ 7.0% cap · market cap 8.63%

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

Property Profile Location Intelligence

Current Use by Public Records

Bayside Canvas & Upholstery Furniture & Home Goods

Suggested Use

Location Insight

Map
Local Demand

City: Panama City
County: Walton
State: Florida
Longitude: -85.6085
Latitude: 30.1702

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For sale
Industrial properties
FL
Panama City
32401
1219 Transmitter Road

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 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.