Industrial Office Warehouse with
17687 Ashley Drive Panama City Beach, FL 32413
For Sale
$4,950,000
COMMERCIAL - Panama City Beach, FL
Property Size31,220 SF
Lot Size3.90 Acres
Price / SF$158.55
Days on Market342
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 Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Justin Cater LLC
(850) 819-7445
Added: Aug 22, 2025
Changed: Jul 9
Last Checked: Jul 29 at 2:06PM
MLS# 778078
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.
Industrial property for sale in a planned industrial park setting, featuring approximately 3.9 acres of total site area with a combined office and warehouse configuration plus outdoor lay-down space. Improvements include 6,820 sq. ft. of office space and 24,400 sq. ft. of warehouse space, along with an approximate 1.9-acre yard designed for equipment staging, materials, or other outdoor operations. The property is presented with ample parking and direct access suitable for 18-wheelers and heavy equipment.
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.
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.
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 |
31,220 SF · lease $14.04/SF/yr · vacancy 5.20% · expense 35.00%
Alternative Uses
Best Use
Office B
$7.50M
$6.56M – $8.75M
NOI $524,941 @ 7.0% cap · market cap 10.60%
Second Best
Flex RnD
$3.86M
$3.38M – $4.50M
NOI $270,098 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$9.10M
$7.96M – $10.61M
NOI $636,750 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - For sale industrial property with office, warehouse, and an on-site lay-down yard for equipment staging and outdoor operations.
Where is this flex space located?
The property is located at 17687 Ashley Drive Panama City Beach, FL.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: 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.
