Auto Repair Center and
2206 W 15th Street Panama City, FL 32401
2206 W 15th Street, Panama City, FL, 32401
$2,499,000
For Sale
$2,499,000
COMMERCIAL - Panama City, FL
Property Size9,425 SF
Lot Size0.80 Acres
Price / SF$265.15
Days on Market94
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 Agency
Counts Real Estate Group Inc
(850) 249-3615
2104 Thomas Drive, PANAMA CITY BEACH, FL
Listed by
Eddie Tarter
(850) 258-9572
Added: Apr 15 Checked: Jul 17 at 6:06 pm
MLS# 788403
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.
For sale: a three-unit automotive property anchored by a turnkey tire and auto repair center. The main shop is fully equipped and operational, with five bay doors plus professional-grade lifts, compressors, and related equipment included in the sale. In addition to the primary business space, the property includes two separate income-producing rental units, both with long-term tenants in place.
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.
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 |
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 - Auto repair center with two long-term rental units and a fully equipped five-bay shop on a corner lot.
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: 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
