Multi-Building Office
For Sale
$1,375,000
2901 W 17th Street, Panama City, FL 32405
CommercialSale, Panama City, FL
Property Size9,050 SF
Lot Size0.92 Acres
Price / SF$151.93
Days on Market183
Property Features for 2901 W 17th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Commercial
Accessibility
Accessible Approach with Ramp
Subdivision
[No Recorded Subdiv]
View
Lake
Elementary school
Lucille Moore
Middle school
Jinks
High school
Bay
Directions
Property located near the interesection of Beck Ave, and Hwy 98. Hwy 98 west, turn right on Beck ave. property on your left.
Standard status
Active
APN
28951-000-000
Size
9,050 SF
Lot size
0.92 Acres
Taxes and HOA fees
Tax Description
36 3S 15W E1/2 OF SW1/4 LOTS 17,18 & LOTS 1,2 & 3 MAP79D4 BLK 17 ORB 4206 P 157
Legal Description
36 3S 15W E1/2 OF SW1/4 LOTS 17,18 & LOTS 1,2 & 3 MAP79D4 BLK 17 ORB 4206 P 157
Utilities
Sewer type
Public Sewer
Amenities
private offices
conference rooms
adaptable workspace
detached outbuilding
gated storage yard
Building Details
Year built
1950
Floors in Building
1
Listing Agency:
Keller Williams Success Realty · Keller Williams Realty
(850) 249-0313
Listed By:
Will Pender · License #sl3381749
(850) 358-3610
Added: Apr 18
Changed: Sep 4
Last Checked: Oct 17 at 8:06PM
MLS# 788783
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 2901 W 17th Street in Panama City, this office property includes 9,050 square feet across three buildings on a 0.92-acre site. The layout features multiple private offices, conference rooms, adaptable workspace, a detached outbuilding, on-site parking, and a gated storage yard. The property was built in 1950 and includes an accessible approach with ramp and public sewer service.
The site is in the St. Andrews area, near established businesses, marinas, parks, and dining. Panama City Beach is less than 7 miles away. The three-building configuration provides separate areas for office functions, storage, workshop use, or other supported operations.
The site is in the St. Andrews area, near established businesses, marinas, parks, and dining. Panama City Beach is less than 7 miles away. The three-building configuration provides separate areas for office functions, storage, workshop use, or other supported operations.
Key Highlights
- 9,050 square feet across three buildings
- 0.92‑acre office property at 2901 W 17th Street
- Multiple private offices, conference rooms, and adaptable workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,296
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,565,920
$1.6M
Cap Rate 7%
$1,118,514
$1.1M
Cap Rate 9%
$869,956
$870.0K
Market Conditions
NOI Build-Up for 9,050 SF
Gross rent
$127.1K $14.04/SF
− Vacancy
−$6.6K −$0.73/SF
EGI
$120.5K $13.31/SF
− OpEx
−$42.2K −$4.66/SF
NOI
$78.3K $8.65/SF
Area
Bay County, FL
Vacancy
5.20%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,565,920
Cap Rate 7%
$1,118,514
Cap Rate 9%
$869,956
Alternative Uses
Best Use
Office B
$2.17M
$1.90M – $2.54M
NOI $152,169 @ 7.0% cap · market cap 11.07%
Second Best
Flex RnD
$1.12M
$978.7K – $1.30M
NOI $78,296 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,580 @ 7.0% cap · market cap 13.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Three-building office property with private offices, conference rooms, gated yard, and detached support space.
Where is this office building located?
The property is located at 2901 W 17th Street Panama City, FL.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: 9,050 square feet across three buildings; 0.92‑acre office property at 2901 W 17th Street; Multiple private offices, conference rooms, and adaptable workspace
