Turnkey Auto Repair
2206 W 15th Street Panama City, FL 32401
2206 W 15th Street, Panama City, FL, 32401
$2,499,000
For Sale
$2,499,000
Prime commercial property with auto repair center and rental units.
Property Size9,425 SF
Price / SF$265.15
Days on Market99
Property Features for 2206 W 15th Street
General Information
- Standard status
- Active
- Size
- 9,425 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2005
Listing agency
COUNTS REAL ESTATE GROUP INC
(850) 249-3615
Listed by
EDDIE TARTER
Source
Corcoran
Added: Apr 15 Updated: Jul 10 at 3:55PM Checked: Jul 21 at 6:00AM
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
Investment Insights
Based on property information with market context.
This commercial property is located minutes from Panama City Beach, on a high-traffic corridor with corner lot access and excellent visibility. The property features three units, anchored by a turnkey tire and auto repair center. The main unit is fully equipped and operational, with five bay doors, professional-grade lifts, compressors, and all necessary equipment included in the sale. The property also includes two income-producing rental units with long-term tenants. One of the rental units has an additional bay door, suitable for automotive or light industrial use. There is an expansive, fully fenced outdoor area for auto storage, fleet parking, or expansion. The property offers strong frontage, steady traffic counts, and multiple income streams.
Key Highlights
- Turnkey tire and auto repair center with all equipment included for immediate operation.
- Prime location on a high‑traffic corridor near Panama City Beach with excellent visibility and corner lot access.
- Multiple income streams from the established auto repair business and two rental units with long‑term tenants.
Local Financial Insights For Retail
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 | $169.7k | $18.00 |
| − Vacancy | −$14.4k | −$1.53 |
| EGI | $155.2k | $16.47 |
| − OpEx | −$46.6k | −$4.94 |
| NOI | $108.7k | $11.53 |
9,425 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.55M
$1.36M – $1.81M
NOI $108,661 @ 7.0% cap · market cap 4.35%
Second Best
Industrial
$918.1K
$803.3K – $1.07M
NOI $64,266 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$2.37M
$2.07M – $2.77M
NOI $165,918 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Metro by T-Mobile
Telecommunications Service
Fade Away Vazquez ...
Barber Shop
Randy's Tires & Automotive
Auto Repair Shop
Melody Barton Life ...
Photography Service
Similar For Sale Nearby
Similar Off Market Nearby
- Dover Cylinder Head — 2704 15th st, panama city, fl 32401
- F I Motors Muffler & Auto Repair, 15th Street, Panama City, FL — 2015 15th St, Panama City, FL 32401
- Premier Window Tint and Customs — 1404 Lincoln Ave, Panama City, FL 32401
- Auto Care — Panama City, FL 32401
- Bay Town Tire Pros — 2609 W 15th St, Panama City, FL 32401
FAQs
What type of property is this?
Auto shop - Prime commercial property with auto repair center and rental units.
Where is this auto shop located?
The property is located at 2206 W 15th Street Panama City, FL.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Turnkey tire and auto repair center with all equipment included for immediate operation.; Prime location on a high‑traffic corridor near Panama City Beach with excellent visibility and corner lot access.; Multiple income streams from the established auto repair business and two rental units with long‑term tenants.
