Fenced Industrial
New
For Sale
$700,000
2337 Industrial Drive, Panama City, FL 32405
Fully fenced metal facility with concrete floors, central air, multiple bay doors, and ample parking for business operations.
Property Size4,320 SF
Lot Size0.73 Acres
Price / SF$162.04
Days on Market7
Property Features for 2337 Industrial Drive
General Information
Standard status
Active
Size
4,320 SF
Lot size
0.73 Acres
Property subtype
Warehouse
Additional Details
Fenced Yard
Yes
Warehouse Space
4,320 SF
Amenities
Central Air
Concrete
Metal
Building Details
Building Size
4,320 SF
Listing Agency:
Keller Williams Town & Country
(850) 491-8099
Listed By:
Brailey Horne · License #3596101
(850) 491-8099
Source:
Xome
Added: Jul 28
Changed: Aug 3
Last Checked: Aug 3 at 6:36AM
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 Keller Williams Town & Country
Investment Insights
Based on property information with market context.
This 4,320 SF warehouse occupies a 0.73-acre parcel in Panama City, Florida. The metal facility includes concrete flooring, central air, eight bay doors, and openings accommodating pickup-truck and straight-truck heights. A fully fenced site and ample parking support the movement of equipment, vehicles, visitors, and stored materials.
Located at 2337 Industrial Drive within an established commercial and industrial area, the property offers access to major roadways. Its configuration can support industrial, storage, service, or owner-user operations, subject to the applicable requirements for a particular use.
Located at 2337 Industrial Drive within an established commercial and industrial area, the property offers access to major roadways. Its configuration can support industrial, storage, service, or owner-user operations, subject to the applicable requirements for a particular use.
Key Highlights
- 4,320 SF warehouse on a 0.73‑acre parcel
- Eight bay doors with pickup‑truck and straight‑truck height access
- Fully fenced site with ample parking
Financial Insights For Warehouse
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 | $45.6k | $10.56 |
| − Vacancy | −$1.9k | −$0.44 |
| EGI | $43.7k | $10.12 |
| − OpEx | −$6.6k | −$1.52 |
| NOI | $37.1k | $8.60 |
4,320 SF · lease $10.56/SF/yr · vacancy 4.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$530.7K
$464.4K – $619.1K
NOI $37,148 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$950.6K – $1.27M
NOI $76,049 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32405, FL
28,158
Population
13,585
Households
2.1
Avg Household Size
40
Median Age
29%
College-Educated
92%
High-School Grad
18.8 sq mi
ZIP Area
1,498
Density / Sq Mi
$71,002
Median Household Income
$41,867
Median Earnings
$1,418
Median Rent
$255,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- East Avenue Storage LLC — 2131 N East Ave, Panama City, FL 32405
- Bay Palm Self Storage — 2629 Canal Ave, Panama City, FL 32405
- Heintz Designs Vintage Trailer Restorations — 2046 Sherman Ave, Panama City, FL 32405
- Gulf Coast Storage - Sherman — 1920 Sherman Ave, Panama City, FL 32405
Frequently Asked Questions
What type of property is this?
Warehouse - Fully fenced metal facility with concrete floors, central air, multiple bay doors, and ample parking for business operations.
Where is this warehouse located?
The property is located at 2337 Industrial Drive Panama City, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 4,320 SF warehouse on a 0.73‑acre parcel; Eight bay doors with pickup‑truck and straight‑truck height access; Fully fenced site with ample parking
