Updated Office Units with Private
316 W 11th Street, Panama City, FL 32401
For Sale
$375,000
Pending
CommercialSale, Panama City, FL
Property Size1,674 SF
Lot Size0.34 Acres
Days on Market240
Property Features for 316 W 11th Street
General Information
Property type
Property subtype
Zoning description
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Flooring type
Building materials
Roof type
Listing Agency:
Keller Williams Success Realty · Keller Williams Realty
(850) 249-0313
Listed By:
The Jarrett Group
(850) 279-5911
Added: Mar 18
Changed: Oct 22
Last Checked: Nov 12 at 8:06AM
MLS# 786992
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.
This 1,674-square-foot office property on a 0.34-acre lot offers a practical layout for professional operations. The interior includes a reception lobby, seven private rooms or offices, a break area with kitchenette, and three bathrooms, including one with a shower. Tile flooring, central air, central heating, electric heat, and ceiling fans are in place. Block construction and a rolled hot mop roof complete the building improvements.
Located at 316 W 11th Street in Panama City, the property is near downtown and positioned in a high-traffic area. Exterior features include a newly installed parking lot and an 8-foot privacy fence around the premises. Public sewer serves the property, which was built in 1959 and previously operated as a tattoo studio.
Located at 316 W 11th Street in Panama City, the property is near downtown and positioned in a high-traffic area. Exterior features include a newly installed parking lot and an 8-foot privacy fence around the premises. Public sewer serves the property, which was built in 1959 and previously operated as a tattoo studio.
Key Highlights
- 1,674 SF office property on a 0.34‑acre lot
- Seven private rooms or offices plus a reception lobby
- Break room with kitchenette and three bathrooms, including one with a shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,147
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,940
$562.9K
Cap Rate 7%
$402,100
$402.1K
Cap Rate 9%
$312,744
$312.7K
Market Conditions
NOI Build-Up for 1,674 SF
Gross rent
$47.2K $28.20/SF
− Vacancy
−$9.7K −$5.78/SF
EGI
$37.5K $22.42/SF
− OpEx
−$9.4K −$5.60/SF
NOI
$28.1K $16.81/SF
Area
Bay County, FL
Vacancy
20.50%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,940
Cap Rate 7%
$402,100
Cap Rate 9%
$312,744
Alternative Uses
Best Use
Office B
$402.1K
$351.8K – $469.1K
NOI $28,147 @ 7.0% cap · market cap 7.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$487.7K
$426.8K – $569.0K
NOI $34,142 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,287
Businesses Nearby
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Business Placement
Demographics for 32401, FL
20,487
Population
10,239
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
86%
High-School Grad
12.5 sq mi
ZIP Area
1,639
Density / Sq Mi
$49,901
Median Household Income
$35,885
Median Earnings
$1,194
Median Rent
$207,000
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Panama City, FL
Properties on Market for Office Units in Panama City
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible commercial layout includes reception, kitchenette, and three bathrooms.
Where is this office unit located?
The property is located at 316 W 11th Street Panama City, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,674 SF office property on a 0.34‑acre lot; Seven private rooms or offices plus a reception lobby; Break room with kitchenette and three bathrooms, including one with a shower
