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Office Units with Monument Signage
For Lease
$16 SF/Yr

4001 W 23rd Street, Panama City, FL 32405

Commercial for Lease, Panama City, FL

Space Size6,245 SF
Lot Size2.78 Acres
Days on Market1179

Property Features for 4001 W 23rd Street

General Information

Property type Commercial Lease
Property subtype Office
Directions The Comcast Building is on West 23rd Street adjacent to the former Carmike Cinemas building.
Subdivision 27 - Bay County
Standard status Active
APN 27999-040-000
Lot size 2.78 Acres

Amenities

building signage
monument sign top placement

Building Details

Year built 2009
Listing Agency: Counts Real Estate Group Inc
Listed By: Christopher S McCall · License #666647
Added: Jun 21, 2023 Changed: Sep 11 Last Checked: Sep 11 at 5:06PM
MLS# 928425

Copyright © 2026 Emerald Coast 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.

A 6,245-square-foot office opportunity occupies the south end of the Comcast Building, a 2009 commercial property situated on 2.78 acres. The available area can be configured into smaller sections for long-term tenants with suitable credit, providing flexibility for office or retail operations. An as-built floor plan is available for evaluating the existing layout.

The property is located at 4001 W 23rd Street in Panama City, Florida. Building identification signage is available, along with the highest position on the monument sign. Showings require at least 24 hours’ notice.

Key Highlights

  • 6,245 square feet available at the south end of the building
  • Space may be divided for long‑term tenants with suitable credit
  • Office or retail use potential supported by the existing layout

Property Analytics

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Current Use

American Cancer Society Charitable Organization Enhabit Home Health Home Health Care Service Tropic Winds HOA Condominium Complex

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Law Firm Big Box & Wholesale Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

395
Businesses Nearby

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

Lease Benchmarks for Panama City, FL

$18.61 /SF/Yr
Avg Asking Price
$5.87–$44.22 /SF/Yr
Price Range
29,169 SF
Avg Space Size

This space is priced 14% below the average of $18.61 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - South-end space offers flexible subdivision for long-term office or retail occupancy.
Where is this office units located?
The property is located at 4001 W 23rd Street Panama City, FL.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: 6,245 square feet available at the south end of the building; Space may be divided for long‑term tenants with suitable credit; Office or retail use potential supported by the existing layout
More about this property
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