Three-Building Flex Office
2901 W 17th Street Panama City, FL 32405
2901 W 17th Street, Panama City, FL, 32405
$1,375,000
For Sale
$1,375,000
COMMERCIAL - Panama City, FL
Property Size9,050 SF
Lot Size0.92 Acres
Price / SF$151.93
Days on Market92
Property Features for 2901 W 17th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Accessibility
- Accessible Approach with Ramp
- 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
Utilities
- Sewer type
- Public Sewer
Building Details
- Year built
- 1950
- Floors in Building
- 1
Listing Agency
Keller Williams Success Realty
(850) 249-0313
7923 Panama City Beach Pkwy, Panama City Beach, FL
Listed by
Will Pender · License #sl3381749
(850) 358-3610
Added: Apr 18 Checked: Jul 18 at 2:06 am
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.
Investment Insights
Based on property information with market context.
This three-building flex property totals over 9,000 square feet of heated and cooled space, with an office-focused layout that includes multiple private offices and conference rooms. The campus configuration supports a range of operational needs, with room to run more than one functional area under one footprint. A detached outbuilding adds flexibility for additional storage or support use.
The property also includes abundant on-site parking and a gated storage yard designed for secure equipment, materials, or vehicles. Located in the St. Andrews area of Panama City, the site is described as being only minutes from the heart of St. Andrews.
With a three-building setup plus dedicated storage options, this property is well-suited for operators looking for a consolidated campus in a single location.
The property also includes abundant on-site parking and a gated storage yard designed for secure equipment, materials, or vehicles. Located in the St. Andrews area of Panama City, the site is described as being only minutes from the heart of St. Andrews.
With a three-building setup plus dedicated storage options, this property is well-suited for operators looking for a consolidated campus in a single location.
Key Highlights
- Over 9,000 sq ft of heated and cooled space across three buildings
- Three‑building setup allows for multiple divisions or potential rental income
- Multiple private offices, conference rooms, and adaptable workspace
Local Financial Insights For Office B
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 | $190.1k | $21.00 |
| − Vacancy | −$38.0k | −$4.20 |
| EGI | $152.0k | $16.80 |
| − OpEx | −$38.0k | −$4.20 |
| NOI | $114.0k | $12.60 |
9,050 SF · lease $21.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.63M
$1.43M – $1.90M
NOI $114,030 @ 7.0% cap · market cap 8.29%
Second Best
Flex RnD
$1.21M
$1.06M – $1.41M
NOI $84,426 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,316 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Habitat for Humanity of Bay ...
Charitable Organization
Similar For Sale Nearby
Similar Off Market Nearby
- The Shrimp Boat — 1201 Beck Ave, Panama City, FL 32401
FAQs
What type of property is this?
Flex space - Heated and cooled flex setup totaling over 9,000 square feet across three buildings with parking and secured yard.
Where is this flex space 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: Over 9,000 sq ft of heated and cooled space across three buildings; Three‑building setup allows for multiple divisions or potential rental income; Multiple private offices, conference rooms, and adaptable workspace
