1219 Transmitter Road Panama City, FL 32401
SINGLE_FAMILY - Panama City, FL
Property Features for 1219 Transmitter Road
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- 15291-060-000
- Size
- 4,162 SF
- Lot size
- 1.49 Acres
Taxes and HOA fees
- Tax Description
- 2 4S 14W -103.6- 118B1 COM AT SE COR OF SE1/4 OF NE1/4 OF SEC TH W 39.74' N 50.84' TO INTERSECT OF N R/W OF 11TH & W R/W OF TRANSMITTER RD TH CONT TH CONT N 799.02' FOR POB TH W 324.94' N 200.85' E 324.97' S 201.19' TO POB ORB 4663 P 1618
Building Details
- Year built
- 1964
Listing agent Charlie B Haas License #3021473 (850) 896-2240
Listing office Counts Real Estate Group 3009 Highway 77 Unit H, PANAMA CITY BEACH, FL (850) 248-3615
Listing date Aug 29, 2025
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.
Investment Insights
Based on property information with market context.
The property is located north and adjacent to the new City of Springfield government complex, with visibility and convenient access to U.S. Hwy. 98, Business 98, and Hwy. 231 via Transmitter Road.
Buyers should note the combination of office improvements and a separate shop building, supported by on-site parking and a yard designed for staging and storage needs.
Key Highlights
- 1.5+/- acre commercial site with an office building (4,162+/- SF) and detached shop (1,152+/- SF)
- Office building includes reception area, conference room, 8 offices, full kitchen, and 2.5 restrooms (2 with showers)
- Detached shop is partially heated & cooled
Local 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 |
