New Warehouse with Distribution
2505 Industrial Drive Panama Panama City, FL 32405
2505 Industrial Drive Panama, Panama City, FL, 32405
$5,750,000
For Sale
$5,750,000
30,000 SF warehouse with distribution and logistics features.
Property Size30,000 SF
Lot Size4.00 Acres
Price / SF$191.67
Days on Market76
Property Features for 2505 Industrial Drive Panama
General Information
- Standard status
- Active
- Size
- 30,000 SF
- Lot size
- 4.00 Acres
- Property subtype
- Factory
Properties For Sale
at 2505 Industrial Drive Panama Contact us
Listing agency
Clubbs Real Estate Group, LLC
(850) 819-0136
Listed by
Christopher Clubbs
(850) 819-0136
Source
Thebrokerlist
Added: May 8 Updated: Jul 10 at 1:30PM Checked: Jul 21 at 3:03AM
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 Clubbs Real Estate Group, LLC
Investment Insights
Based on property information with market context.
This newly constructed 30,000± SF warehouse is designed for efficient distribution and long-term performance. It features 28 dock-high doors, three additional dock positions on a uniform loading platform, and 10 grade-level doors, providing flexibility for logistics and industrial operations. Situated on a site with up to 4.0± acres of additional land available for outside storage or truck parking, the property benefits from Bay County’s Industrial-2 zoning, allowing for scalable operations and future expansion. The building is designed for multi-tenant or single-user functionality, with three divisible bays, each equipped with new restrooms and infrastructure to support further buildout. Clear heights of 18’ at the eaves and 21’ at the ridge, combined with reinforced concrete slabs, support efficient racking, storage, and heavy use. The corner lot configuration provides truck ingress and egress, enhancing circulation and operational flow. Located in central Bay County, the property offers access to Highway 231 and Highway 98, enabling regional connectivity. The property is located within Panama City’s industrial corridor, offering access to Highway 231 and Highway 77 with connectivity to Interstate 10 for regional distribution. The property’s proximity to Port Panama City and the surrounding industrial base supports efficient logistics, while its position outside high-traffic retail areas allows for truck access and circulation, ideal for warehousing and last-mile operations. Estimated completion is July 2026.
Key Highlights
- Strategic central Bay County location with direct access to Highway 231 and Highway 98.
- 30,000± SF newly constructed warehouse designed for distribution, logistics, or last‑mile operations.
- 28 dock‑high doors plus three additional dock positions on a uniform loading platform, along with 10 grade‑level doors.
Local Financial Insights For Warehouse
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 | $316.8k | $10.56 |
| − Vacancy | −$13.3k | −$0.44 |
| EGI | $303.5k | $10.12 |
| − OpEx | −$45.5k | −$1.52 |
| NOI | $258.0k | $8.60 |
30,000 SF · lease $10.56/SF/yr · vacancy 4.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.69M
$3.22M – $4.30M
NOI $257,970 @ 7.0% cap · market cap 4.49%
Second Best
Industrial
$2.92M
$2.56M – $3.41M
NOI $204,561 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$7.54M
$6.60M – $8.80M
NOI $528,120 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Warehouse - 30,000 SF warehouse with distribution and logistics features.
Where is this warehouse located?
The property is located at 2505 Industrial Drive Panama Panama City, FL.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: Strategic central Bay County location with direct access to Highway 231 and Highway 98.; **30,000± SF newly constructed warehouse** designed for distribution, logistics, or last‑mile operations.; **28 dock‑high doors plus three additional dock positions** on a uniform loading platform, along with 10 grade‑level doors.