Flex Space with Conditioned
For Lease
$14.50 SF/Yr
123 Gwyn Drive Panama City, Panama City, FL 32408
Office and conditioned warehouse areas support a range of commercial and light industrial operations.
Space Size7,800 SF
Days on Market9
Property Features for 123 Gwyn Drive Panama City
General Information
Standard status
Active
Size
7,800 SF
Class
B
Property subtype
Office Warehouse
Zoning
C-4 Research & Design
Lease Term
NNN
Space & Availability
Space Use
Warehouse
Available From
2027-05-01
Warehouse & Industrial
Clear Height
14 ft
Warehouse Space
5,600 SF
Office Build-Out
2,200 SF
Conditioned Warehouse
Yes
Additional Details
Road Access
Yes
Amenities
secure foyer
conference room
Building Details
Building Size
7,800 SF
Spaces For Lease
at 123 Gwyn Drive Panama City
123 Gwyn Dr
$14.50/SF/Yr
Size
7,800 SF
Type
Office Building
Term
Negotiable
Listed By:
Patrick Jones, SIOR
(850) 814-5878
Source:
Naitalcor
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 28 at 6:09AM
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 Patrick Jones, SIOR
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Investment Insights
Based on property information with market context.
This flex property combines approximately 2,200 SF of office space with approximately 5,600 SF of fully conditioned warehouse area. The office layout includes five offices, a conference and training room, restrooms, and a secure foyer. Three roll-up doors serve the warehouse, which has 16-foot peak and 14-foot eave clearance. A secure cage and steel mezzanine are included; keypad entry and the alarm remain if the tenant assumes their service. The space is available May 1, 2027.
The property is on the NSA Panama City boundary within Trophy Business Park, alongside government contractors. Navy Blvd. is immediately accessible, and the Main Gate is less than 0.6 mile away. Gulf Coast State College, FSU Panama City, and Port Panama City are also nearby. Bay County C-4 Research & Design zoning accommodates a range of commercial and industrial uses.
The property is on the NSA Panama City boundary within Trophy Business Park, alongside government contractors. Navy Blvd. is immediately accessible, and the Main Gate is less than 0.6 mile away. Gulf Coast State College, FSU Panama City, and Port Panama City are also nearby. Bay County C-4 Research & Design zoning accommodates a range of commercial and industrial uses.
Key Highlights
- Approximately 2,200 SF of office area and 5,600 SF of warehouse space
- Warehouse is fully conditioned with 16′ peak and 14′ eave clearance
- Three roll‑up doors: two 12′×12′ and one 10′×12′
Property Analytics
Current Use
Lease Details
14 ft
Clear height
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.18 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32408, FL
17,479
Population
17,018
Households
1
Avg Household Size
48
Median Age
39%
College-Educated
96%
High-School Grad
8.6 sq mi
ZIP Area
2,032
Density / Sq Mi
$72,322
Median Household Income
$42,749
Median Earnings
$1,453
Median Rent
$352,400
Median Home Value
Market
Lease Benchmarks for Panama City, FL
$11.95 /SF/Yr
Avg Asking Price
$5.87–$19.63 /SF/Yr
Price Range
18,176 SF
Avg Space Size
This space is priced 21% above the average of $11.95 /SF/Yr.
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office and conditioned warehouse areas support a range of commercial and light industrial operations.
Where is this flex space located?
The property is located at 123 Gwyn Drive Panama City Panama City, FL.
What is the lease rate?
The lease rate is $14.50 SF/Yr.
What are key features of this property?
This property features: Approximately 2,200 SF of office area and 5,600 SF of warehouse space; Warehouse is fully conditioned with 16′ peak and 14′ eave clearance; Three roll‑up doors: two 12′×12′ and one 10′×12′
