Leased Gas Station
For Sale
$1,200,000
2025 W 15th Street, Panama City, FL 32401
Operating fuel and convenience retail asset with a long-term commercial lease and tenant renewal option.
Property Size3,520 SF
Price / SF$340.91
Days on Market51
Property Features for 2025 W 15th Street
General Information
Standard status
Active
Size
3,520 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Road Access
Yes
Amenities
Flat Roof
Building Details
Year Built
1981
Abandoned
No
Listing Agency:
OVERSTREET REALTY
(850) 774-0402
Listed By:
MARYANN ENFINGER · License #BK3037033
(850) 832-5263
Source:
Corcoran
Added: Sep 14
Changed: Nov 1
Last Checked: Nov 1 at 5:39AM
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 OVERSTREET REALTY
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Investment Insights
Based on property information with market context.
This 3,520-square-foot gas station and convenience store property was built in 1981 and is currently occupied under a long-term commercial lease. The operating use combines fuel service with convenience retail in an established commercial setting.
Located at 2025 W 15th Street in Panama City, Florida, the property fronts W 15th Street. Lease responsibilities assigned to the tenant include applicable property taxes, insurance, assessments, extensive repairs and maintenance, and major building components. An additional renewal option is included in the lease, supporting continued occupancy under the existing arrangement.
Located at 2025 W 15th Street in Panama City, Florida, the property fronts W 15th Street. Lease responsibilities assigned to the tenant include applicable property taxes, insurance, assessments, extensive repairs and maintenance, and major building components. An additional renewal option is included in the lease, supporting continued occupancy under the existing arrangement.
Key Highlights
- 3,520‑square‑foot gas station and convenience store property
- Built in 1981
- Located at 2025 W 15th Street in Panama City, FL 32401
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,289
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$885,780
$885.8K
Cap Rate 7%
$632,700
$632.7K
Cap Rate 9%
$492,100
$492.1K
Market Conditions
NOI Build-Up for 3,520 SF
Gross rent
$63.4K $18.00/SF
− Vacancy
−$4.3K −$1.22/SF
EGI
$59.1K $16.78/SF
− OpEx
−$14.8K −$4.19/SF
NOI
$44.3K $12.58/SF
Area
Bay County, FL
Vacancy
6.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$885,780
Cap Rate 7%
$632,700
Cap Rate 9%
$492,100
Alternative Uses
Best Use
Specialty Retail
$632.7K
$553.6K – $738.2K
NOI $44,289 @ 7.0% cap · market cap 3.69%
Second Best
Retail
$550.6K
$481.8K – $642.4K
NOI $38,544 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$1.03M
$897.4K – $1.20M
NOI $71,792 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
28k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Electronics 11%
Home Improvements & Furnishings 4%
Dodge's Southern Style
Shops & Services
17,269 visits/mo
0.4 miles
Family Dollar
Shops & Services
2,919 visits/mo
0.2 miles
Advance Auto Parts
Shops & Services
2,406 visits/mo
0.1 miles
Metro by T-Mobile
Electronics
1,670 visits/mo
0.1 miles
Boost Mobile
Electronics
1,485 visits/mo
0.1 miles
Demographics for 32401, FL
20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Gas station - Operating fuel and convenience retail asset with a long-term commercial lease and tenant renewal option.
Where is this gas station located?
The property is located at 2025 W 15th Street Panama City, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 3,520‑square‑foot gas station and convenience store property; Built in 1981; Located at 2025 W 15th Street in Panama City, FL 32401
