New Warehouse with Multiple
2505 Industrial Drive Panama City, FL 32405
2505 Industrial Drive, Panama City, FL, 32405
$6,250,000
For Sale
$6,250,000
Newly constructed warehouse offers 28 dock-high doors plus grade-level access and three divisible bays for flexible operations.
Property Size30,000 SF
Price / SF$208.33
Days on Market18
Property Features for 2505 Industrial Drive
General Information
- Standard status
- Active
- Size
- 30,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2025
Listing Agency
Clubbs Real Estate Group LLC
Listed by
Christopher Clubbs
(850) 230-4514
Source
Cthomeseekers
Added: Jul 2 Checked: Jul 19 at 1:47 am
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.
A newly constructed 30,000± SF warehouse built for efficient distribution and long-term industrial use. The facility includes 28 dock-high doors, three additional dock positions on a uniform loading platform, and 10 grade-level doors. Three divisible bays are available for multi-tenant or single-user functionality, and each bay includes new restrooms and infrastructure to support further buildout. Reinforced concrete slabs are included, with clear heights of 18' at the eaves and 21' at the ridge to support racking and heavy storage.
The property sits on a corner lot with a configuration designed to support truck ingress and egress. Up to 4.0± acres of additional land are available for outside storage or truck parking. It is located in central Bay County with immediate access to Highway 231 and Highway 98. Bay County’s Industrial-2 zoning supports scalable operations and future expansion.
Estimated completion is July 2026.
The property sits on a corner lot with a configuration designed to support truck ingress and egress. Up to 4.0± acres of additional land are available for outside storage or truck parking. It is located in central Bay County with immediate access to Highway 231 and Highway 98. Bay County’s Industrial-2 zoning supports scalable operations and future expansion.
Estimated completion is July 2026.
Key Highlights
- Newly constructed 30,000+ SF warehouse with 28 dock‑high doors and 10 grade‑level doors
- Three divisible bays for multi‑tenant or single‑user functionality, each with new restrooms and infrastructure for buildout
- Site offers up to 4.0+ acres of additional land for outside storage or truck parking
Local 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 | $316.8k | $10.56 |
| − Vacancy | −$13.3k | −$0.44 |
| EGI | $303.5k | $10.12 |
| − OpEx | −$45.5k | −$1.52 |
| NOI | $258.0k | $8.60 |
30,000 SF · lease $10.56/SF/yr · vacancy 4.20% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.69M
$3.22M – $4.30M
NOI $257,970 @ 7.0% cap · market cap 4.13%
Second Best
Industrial
$2.92M
$2.56M – $3.41M
NOI $204,561 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$7.54M
$6.60M – $8.80M
NOI $528,120 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Distribution centers
Similar For Sale Nearby
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- Gulf Coast Storage - Sherman — 1920 Sherman Ave, Panama City, FL 32405
- Storage Rentals of America — 2501 Martin Luther King Jr Blvd, Panama City, FL 32405
FAQs
What type of property is this?
Warehouse - Newly constructed warehouse offers 28 dock-high doors plus grade-level access and three divisible bays for flexible operations.
Where is this warehouse 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: Newly constructed 30,000+ SF warehouse with 28 dock‑high doors and 10 grade‑level doors; Three divisible bays for multi‑tenant or single‑user functionality, each with new restrooms and infrastructure for buildout; Site offers up to 4.0+ acres of additional land for outside storage or truck parking
