2206 W 15th Street Panama City, FL 32401
COMMERCIAL - Panama City, FL
Property Features for 2206 W 15th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 29553-000-000
- Size
- 9,425 SF
- Lot size
- 0.80 Acres
Taxes and HOA fees
- Tax Description
- 36 3S 15W SE1/4 LOTS 8,9,10,11 BLK 31 ORB 3776 P 1471
Building Details
- Year built
- 2005
Listing agent Eddie Tarter (850) 258-9572
Listing office Counts Real Estate Group Inc 2104 Thomas Drive, PANAMA CITY BEACH, FL (850) 249-3615
Listing date Apr 15, 2026
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.
One of the rental units also features an additional bay door, supporting automotive or light industrial flexibility. The site includes a fully fenced outdoor area that can support storage, fleet parking, or future expansion. The property is positioned on a corner lot with frontage on W 15th Street in Panama City, Florida, and is described as being on a high-traffic corridor with strong visibility.
The offering combines an operational automotive use with two income units on a single site, providing a built-in mix of business space and leased space.
Key Highlights
- Built in 2005 and located on a high‑traffic corridor with corner lot access
- Three total units: an operating tire and auto repair center plus two income‑producing rental units with long‑term tenants
- Main unit has five bay doors and includes professional‑grade lifts, compressors, and necessary equipment in the sale
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 |
Alternative Uses
Property Analytics
Current Use by Public Records
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
