Office and Shop with Lay-Down
1219 Transmitter Road Panama City, FL 32401
1219 Transmitter Road, Panama City, FL, 32401
$849,000
For Sale
$849,000
SINGLE_FAMILY - Panama City, FL
Property Size4,162 SF
Lot Size1.49 Acres
Price / SF$203.99
Days on Market324
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 Agency
Counts Real Estate Group
(850) 248-3615
3009 Highway 77 Unit H, PANAMA CITY BEACH, FL
Listed by
Charlie B Haas · License #3021473
(850) 896-2240
Added: Aug 29, 2025 Checked: Jul 18 at 7:06 pm
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.
Investment Insights
Based on property information with market context.
This 1.49+/- acre site is currently occupied by a construction contractor that is scheduled to move out of the Panama City market area after completion of local contracts. The property includes an office building with a large reception area and conference room, eight offices, a full kitchen, and 2.5 restrooms, two of which include showers. Also on site is a detached shop totaling 1,152+/- square feet that is partially heated & cooled. The overall site is set up for contractor use with a large parking lot and a lay-down yard.
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.
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 |
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
Flex RnD
$554.7K
$485.3K – $647.1K
NOI $38,826 @ 7.0% cap · market cap 4.57%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bayside Canvas & Upholstery
Furniture & Home Goods
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 1.49-acre site includes a multi-room office building, large parking, and a detached partially heated/cooled shop.
Where is this flex space 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 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
