Leased Gas Station & Convenience
For Sale
$1,200,000
2025 W 15th Street, Panama City, FL 32401
CommercialSale, Panama City, FL
Property Size3,520 SF
Lot Size0.35 Acres
Price / SF$340.91
Days on Market51
Property Features for 2025 W 15th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Commercial
Subdivision
[No Recorded Subdiv]
Elementary school
Northside
Middle school
Jinks
High school
Bay
Directions
From the intersection of Lisenby Avenue and W 15th Street, head West on W 15th Street (US-98) for approx. 0.8 miles. The property will be on the left, on the corner of W 15th Street and Frankford Avenue.
Standard status
Active
APN
18758-000-000
Size
3,520 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Description
6 4S 14W-99-55A BEG AT NW COR OF NW1/4 S 156' E 165' N 156' W 165' TO BEG LESS TOHWY
Legal Description
6 4S 14W-99-55A BEG AT NW COR OF NW1/4 S 156' E 165' N 156' W 165' TO BEG LESS TOHWY
Building Details
Year built
1981
Roof type
Flat
Listing Agency:
Overstreet Realty
(850) 774-0402
Listed By:
MaryAnn Enfinger · License #BK3037033
(850) 832-5263
Added: Sep 11
Changed: Oct 16
Last Checked: Oct 31 at 10:06AM
MLS# 795376
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.
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Investment Insights
Based on property information with market context.
Located at 2025 W 15th Street in Panama City, this 3,520-square-foot property occupies 0.35 acres and is configured for gas station and convenience store operations. The building dates to 1981 and has a flat roof. The property is currently leased under a long-term commercial agreement, with an additional renewal option available to the tenant.
The lease assigns applicable property taxes, insurance, assessments, and extensive repair and maintenance obligations to the tenant, including responsibility for major building components. The site is positioned along W 15th Street, a commercial corridor in Panama City, and carries a 32401 postal designation.
The lease assigns applicable property taxes, insurance, assessments, and extensive repair and maintenance obligations to the tenant, including responsibility for major building components. The site is positioned along W 15th Street, a commercial corridor in Panama City, and carries a 32401 postal designation.
Key Highlights
- 3,520‑square‑foot gas station and convenience store property
- Situated on 0.35 acres at 2025 W 15th Street
- Currently leased under a long‑term commercial agreement
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
Open Analytics
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 - Fully leased fuel-and-convenience property with a long-term commercial lease and 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; Situated on 0.35 acres at 2025 W 15th Street; Currently leased under a long‑term commercial agreement
