Office Building with Detached
1219 Transmitter Road, Panama City, FL 32401
For Sale
$849,000
Pending
CommercialSale, Panama City, FL
Property Size4,162 SF
Lot Size1.49 Acres
Days on Market442
Property Features for 1219 Transmitter Road
General Information
Property type
Property subtype
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Legal Description
Amenities
reception area
conference room
full kitchen
showers
Building Details
Year built
Buildings
Listing Agency:
Counts Real Estate Group
(850) 248-3615
Listed By:
Charlie B Haas · License FL #3021473
(850) 896-2240
Added: Aug 29, 2025
Changed: Nov 13
Last Checked: Nov 13 at 10:06PM
MLS# 778343
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Set on 1.49 acres, the property includes a 4,162-square-foot office building and a separate 1,152-square-foot shop that is partly heated and cooled. The office has a reception area, conference room, eight offices, a full kitchen, and 2.5 restrooms; two restrooms contain showers. A large parking area and lay-down yard are also part of the site.
The property is north of and adjacent to the City of Springfield government complex. Transmitter Road provides access to US Highway 98, Business 98, and Highway 231.
The property is north of and adjacent to the City of Springfield government complex. Transmitter Road provides access to US Highway 98, Business 98, and Highway 231.
Key Highlights
- 4,162‑square‑foot office building with reception, conference room, eight offices, kitchen, and 2.5 restrooms
- Detached 1,152‑square‑foot shop with partial heating and cooling
- Two of the office building’s restrooms include showers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,981
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,399,620
$1.4M
Cap Rate 7%
$999,729
$999.7K
Cap Rate 9%
$777,567
$777.6K
Market Conditions
NOI Build-Up for 4,162 SF
Gross rent
$117.4K $28.20/SF
− Vacancy
−$24.1K −$5.78/SF
EGI
$93.3K $22.42/SF
− OpEx
−$23.3K −$5.60/SF
NOI
$70.0K $16.81/SF
Area
Bay County, FL
Vacancy
20.50%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,399,620
Cap Rate 7%
$999,729
Cap Rate 9%
$777,567
Alternative Uses
Best Use
Office B
$999.7K
$874.8K – $1.17M
NOI $69,981 @ 7.0% cap · market cap 8.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,886 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Explore this area
Business Placement
Demographics for 32401, FL
20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Panama City, FL
Properties on Market for Office buildings in Panama City
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The office layout includes a conference room, eight private offices, a full kitchen, and restrooms with showers.
Where is this office building 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: 4,162‑square‑foot office building with reception, conference room, eight offices, kitchen, and 2.5 restrooms; Detached 1,152‑square‑foot shop with partial heating and cooling; Two of the office building’s restrooms include showers
