New Warehouse with Distribution
For Sale
$5,750,000
2505 Industrial Drive Panama, Panama City, FL 32405
30,000 SF warehouse with distribution and logistics features.
Property Size30,000 SF
Lot Size4.00 Acres
Price / SF$191.67
Days on Market157
Property Features for 2505 Industrial Drive Panama
General Information
Standard status
Active
Size
30,000 SF
Lot size
4.00 Acres
Property subtype
Factory
Building Details
Building Size
30,000 SF
Properties For Sale
at 2505 Industrial Drive Panama Contact usSpace A
Size
10,000 SF
Lease Type
NNN
Space B
Size
10,000 SF
Lease Type
NNN
Space C
Size
10,000 SF
Lease Type
NNN
Listing Agency:
Clubbs Real Estate Group, LLC
Listed By:
Christopher Clubbs
(850) 819-0136
Source:
Thebrokerlist
Added: May 8
Changed: Oct 11
Last Checked: Oct 11 at 3:00AM
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
Investment Insights
Based on property information with market context.
This newly constructed 30,000± SF warehouse is designed for efficient distribution and long-term performance. It features 28 dock-high doors, three additional dock positions on a uniform loading platform, and 10 grade-level doors, providing flexibility for logistics and industrial operations. Situated on a site with up to 4.0± acres of additional land available for outside storage or truck parking, the property benefits from Bay County’s Industrial-2 zoning, allowing for scalable operations and future expansion. The building is designed for multi-tenant or single-user functionality, with three divisible bays, each equipped with new restrooms and infrastructure to support further buildout. Clear heights of 18’ at the eaves and 21’ at the ridge, combined with reinforced concrete slabs, support efficient racking, storage, and heavy use. The corner lot configuration provides truck ingress and egress, enhancing circulation and operational flow. Located in central Bay County, the property offers access to Highway 231 and Highway 98, enabling regional connectivity. The property is located within Panama City’s industrial corridor, offering access to Highway 231 and Highway 77 with connectivity to Interstate 10 for regional distribution. The property’s proximity to Port Panama City and the surrounding industrial base supports efficient logistics, while its position outside high-traffic retail areas allows for truck access and circulation, ideal for warehousing and last-mile operations. Estimated completion is July 2026.
Key Highlights
- Strategic central Bay County location with direct access to Highway 231 and Highway 98.
- 30,000± SF newly constructed warehouse** designed for distribution, logistics, or last‑mile operations.
- 28 dock‑high doors plus three additional dock positions** on a uniform loading platform, along with 10 grade‑level doors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$227,236
Cap Rate
3.95%
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 3.95%
Second Best
Industrial
$2.82M
$2.47M – $3.29M
NOI $197,656 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$8.74M
$7.65M – $10.20M
NOI $611,868 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
218
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - 30,000 SF warehouse with distribution and logistics features.
Where is this warehouse located?
The property is located at 2505 Industrial Drive Panama Panama City, FL.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: Strategic central Bay County location with direct access to Highway 231 and Highway 98.; 30,000± SF newly constructed warehouse** designed for distribution, logistics, or last‑mile operations.; 28 dock‑high doors plus three additional dock positions** on a uniform loading platform, along with 10 grade‑level doors.
