Distribution Center with Dock-High
For Sale
$6,250,000
2505 Industrial Drive, Panama City, FL 32405
Three divisible bays accommodate single-user or multi-tenant operations, with additional land available for outdoor storage or truck parking.
Property Size30,000 SF
Price / SF$208.33
Days on Market111
Property Features for 2505 Industrial Drive
General Information
Standard status
Active
Size
30,000 SF
Property subtype
Industrial
Zoning
Industrial-2
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
18 ft
Warehouse Space
30,000 SF
Dock-High Doors
28
Drive-In Doors
10
Additional Details
Property Use
Warehouse
Building Details
Building Size
30,000 SF
Year Built
2025
Listing Agency:
Clubbs Real Estate Group LLC
Listed By:
Christopher Clubbs · License #BK3278268
(850) 819-0136
Source:
Indianspringsfl
Added: Jul 10
Changed: Oct 27
Last Checked: Oct 26 at 3:22PM
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 Clubbs Real Estate Group LLC
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Investment Insights
Based on property information with market context.
The 30,000+- SF distribution facility is configured as three divisible bays, each with new restrooms and infrastructure for further buildout. Loading includes 28 dock-high doors, three additional dock positions on a shared platform, and 10 grade-level doors. Clear height measures 18' at the eaves and 21' at the ridge; reinforced concrete slabs support warehouse use. The building can serve one occupant or multiple tenants.
Up to 4.0+- acres of additional land is available for outdoor storage or truck parking. The corner-lot layout supports truck circulation, and the property has access to Highway 231 and Highway 98 in central Bay County. Zoning is Industrial-2.
Up to 4.0+- acres of additional land is available for outdoor storage or truck parking. The corner-lot layout supports truck circulation, and the property has access to Highway 231 and Highway 98 in central Bay County. Zoning is Industrial-2.
Key Highlights
- 30,000+- SF distribution facility
- 28 dock‑high doors, three additional dock positions, and 10 grade‑level doors
- Three divisible bays, each with new restrooms and infrastructure for further buildout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$227,236
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,544,720
$4.5M
Cap Rate 7%
$3,246,229
$3.2M
Cap Rate 9%
$2,524,844
$2.5M
Market Conditions
NOI Build-Up for 30,000 SF
Gross rent
$284.4K $9.48/SF
− Vacancy
−$17.1K −$0.57/SF
EGI
$267.3K $8.91/SF
− OpEx
−$40.1K −$1.34/SF
NOI
$227.2K $7.57/SF
Area
Bay County, FL
Vacancy
6.00%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,544,720
Cap Rate 7%
$3,246,229
Cap Rate 9%
$2,524,844
Alternative Uses
Best Use
Warehouse
$3.25M
$2.84M – $3.79M
NOI $227,236 @ 7.0% cap · market cap 3.64%
Second Best
Industrial
$2.82M
$2.47M – $3.29M
NOI $197,656 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$8.74M
$7.65M – $10.20M
NOI $611,868 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
18 ft
Clear height
28
Dock-high doors
10
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
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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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Distribution center - Three divisible bays accommodate single-user or multi-tenant operations, with additional land available for outdoor storage or truck parking.
Where is this distribution center located?
The property is located at 2505 Industrial Drive Panama City, FL.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: 30,000+- SF distribution facility; 28 dock‑high doors, three additional dock positions, and 10 grade‑level doors; Three divisible bays, each with new restrooms and infrastructure for further buildout
