Modern Industrial Warehouse with
For Sale
Contact for pricing
2325 Transmitter Rd, Panama City, FL
18,000 SF industrial warehouse with office and laydown yard.
Property Size18,000 SF
Lot Size0.98 Acres
Price / SF$110
Days on Market409
Property Features for 2325 Transmitter Rd
General Information
Standard status
Active
Size
18,000 SF
Lot size
0.98 Acres
Property subtype
INDUSTRIAL
Properties For Sale
at 2325 Transmitter Rd
2325 Transmitter Rd
AVAILABLE, Now
Floor
Bldg
Size
18,000 SF
Type
INDUSTRIAL
Lease Type
NNN
Sublease
No
- Constructed in 2019, this 18,000 SF clear-span industrial warehouse is located on 2.09 +/- acres along Transmitter Road in Panama City, Florida. The steel-frame building measures 300 feet by 60 feet and offers ±1,980 SF of finished office space, a 360 SF covered canopy, and a large laydown yard ideal for outdoor storage, material staging, or vehicle parking.
- The building features 16-foot ceiling height at the center, 14-foot eave height, three grade-level roll-up doors, and three-phase, 240V electrical service with transformers in place to step up to 480V. This infrastructure supports a wide range of industrial operations, including those requiring high-load manufacturing equipment or specialized machinery.
- The property spans two contiguous parcels (Bay County Parcel ID #s 12770-000-000 & 12771-004-000) and enjoys strong visibility and accessibility from Transmitter Road, a major north-south thoroughfare in Panama City.
Contact us
Listing Agency:
Five Bridges Real Estate Services
(850) 913-9133
Listed By:
Kevin Wattenbarger, CCIM · License ##BK3424407
(850) 532-5454
Source:
Moodyscre
Added: Aug 28, 2025
Changed: Aug 8
Last Checked: Jul 26 at 10:59AM
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 Five Bridges Real Estate Services
Investment Insights
Based on property information with market context.
Constructed in 2019, this 18,000 square foot clear-span industrial warehouse is situated on 2.09 +/- acres along Transmitter Road in Panama City, Florida. The steel-frame building, measuring 300 feet by 60 feet, includes approximately 1,980 square feet of finished office space and a 360 square foot covered canopy. It also features a large laydown yard suitable for outdoor storage, material staging, or vehicle parking. The building has a 16-foot ceiling height at the center and a 14-foot eave height. It is equipped with three grade-level roll-up doors and three-phase, 240V electrical service, with transformers in place to step up to 480V. This electrical infrastructure is designed to support various industrial operations, including those requiring high-load manufacturing equipment or specialized machinery. The property spans two contiguous parcels and benefits from strong visibility and accessibility from Transmitter Road, a major north-south thoroughfare in Panama City.
Key Highlights
- 18,000 SF clear‑span industrial warehouse built in 2019.
- Large laydown yard suitable for outdoor storage, material staging, or vehicle parking.
- Three‑phase, 240V electrical service with transformers to step up to 480V.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$154,782
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,095,640
$3.1M
Cap Rate 7%
$2,211,171
$2.2M
Cap Rate 9%
$1,719,800
$1.7M
Market Conditions
NOI Build-Up for 18,000 SF
Gross rent
$190.1K $10.56/SF
− Vacancy
−$8.0K −$0.44/SF
EGI
$182.1K $10.12/SF
− OpEx
−$27.3K −$1.52/SF
NOI
$154.8K $8.60/SF
Area
Walton County, FL
Vacancy
4.20%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,095,640
Cap Rate 7%
$2,211,171
Cap Rate 9%
$1,719,800
Alternative Uses
Best Use
Warehouse
$2.21M
$1.93M – $2.58M
NOI $154,782 @ 7.0% cap · market cap 7.82%
Second Best
Industrial
$1.75M
$1.53M – $2.05M
NOI $122,737 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$4.53M
$3.96M – $5.28M
NOI $316,872 @ 7.0% cap · market cap 16.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Allied Van Lines — 2118 Juniper Ct Suite A, Panama City, FL 32405
- Arrowhead Storage — 3414 e orlando rd, panama city, fl 32405
Frequently Asked Questions
What type of property is this?
Warehouse - 18,000 SF industrial warehouse with office and laydown yard.
Where is this warehouse located?
The property is located at 2325 Transmitter Rd Panama City, FL.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: 18,000 SF clear‑span industrial warehouse built in 2019.; Large laydown yard suitable for outdoor storage, material staging, or vehicle parking.; Three‑phase, 240V electrical service with transformers to step up to 480V.
