210 N Tyndall Parkway, Panama City, FL 32404
Formerly leased to the Department of Revenue, offering space well suited for government and defense-related contractors.
- Added:
- May 15, 2024
- Days on Market:
- 760
- Last Refresh:
- Jun 13 at 2:20 am
Property Features for 210 N Tyndall Parkway
General Information
- Standard status
- Active
- Size
- 16,000 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2008
Listing agent Chris S McCall License #0666647 (850) 814-9889
Listing office Counts Real Estate Group Inc (850) 814-9889
Listing date May 15, 2024
Source Exitrealty
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 Counts Real Estate Group Inc
HighLights
- Large office building built in 2008
- Located on Tyndall Parkway
- Formerly leased to the Department of Revenue
- Offered for sale at $2,240,000 ($140 per sq. ft.)
- Adjacent 20,000 sq. ft. building also available for sale at $2,800,000
Overview
The building is located at 210 N Tyndall Parkway in Panama City, Florida. In addition to this offering, an adjacent 20,000-square-foot building is also available for sale, giving buyers the option to evaluate combined or separate use strategies.
Given its prior government tenancy, this property may appeal to state and federal agencies and to Department of Defense contractors working in the Tyndall Air Force Base area. For buyers and brokers, the adjacent building availability can support a broader facilities plan when additional space is needed, while still allowing flexibility for organizations seeking a dedicated office presence.
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 | $336.0k | $21.00 |
| − Vacancy | −$67.2k | −$4.20 |
| EGI | $268.8k | $16.80 |
| − OpEx | −$67.2k | −$4.20 |
| NOI | $201.6k | $12.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Walton
- State
- Florida
- Longitude
- -85.590424
- Latitude
- 30.1498109
