17687 Ashley Drive Panama City Beach, FL 32413
COMMERCIAL - Panama City Beach, FL
Property Features for 17687 Ashley Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 38320-005-120
- Size
- 31,220 SF
- Lot size
- 3.90 Acres
Taxes and HOA fees
- Tax Description
- 12 3S 17W -1.05N- 20 COM AT INTERSECT OF NELY R/W SR 30-A & W LINE OF SEC SELY 2842.84' E 702.10' FOR POB TH N 439.26' SELY 303.76' E 95.25 S 395' W 394.72' TO POB SUBJ TO GP ESMT ORB 3402 P 481 ORB 2275 P 2103 ORB 2830 P 1071
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
Building Details
- Year built
- 2006
- Flooring type
- Concrete
- Building materials
- Brick, Block, SteelFrame, Stone
- Roof type
- Metal
Listing agent Justin Cater LLC (850) 819-7445
Listing office EXP Realty LLC 10752 Deerwood Park Blvd Suite 100, Jacksonville, FL (888) 883-8509
Listing date Aug 22, 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.
Access is provided just off Panama City Beach Parkway (U.S. Hwy 98), approximately one mile west of Highway 79, with connectivity east and west along the Parkway. The location also provides quick northbound access to Interstate 10 and Northwest Florida Beaches International Airport. The development is described as fully serviced, with public underground utilities, recorded covenants, and design standards intended to maintain consistency across the park.
Owner financing is noted as available by the seller.
Key Highlights
- Prime location in Beach Commerce Park with excellent connectivity.
- Substantial space: 6,820 sq. ft. of office space and 24,400 sq. ft. warehouse, plus a 1.9‑acre lay‑down yard.
- Versatile property suitable for various uses.
Local Financial Insights For Flex RnD
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 | $438.3k | $14.04 |
| − Vacancy | −$22.8k | −$0.73 |
| EGI | $415.5k | $13.31 |
| − OpEx | −$145.4k | −$4.66 |
| NOI | $270.1k | $8.65 |
