Elevator Office
For Lease
$12,714/Mo
5102 Northbay Drive, Panama City, FL 32401
Commercial for Lease, Panama City, FL
Space SizeContact for details
Lot Size0.54 Acres
Days on Market1014
Property Features for 5102 Northbay Drive
General Information
Property type
Commercial Lease
Property subtype
Office
Zoning
commercial
Directions
Stand alone building located adjacent to FSU dormitory between Collegiate Dr and Northbay Dr. Junction of 23Rd and 98.
Subdivision
27 - Bay County
Standard status
Active
APN
27925-010-000
Size
5,868 SF
Lot size
0.54 Acres
Amenities
elevator
ADA compliant
handicap parking
Building Details
Year built
2010
Listing Agency:
La Florida Coastal Properties
(850) 231-7896
Listed By:
Steven C Linahan · License #3308666
(512) 923-5400
Added: Dec 4, 2023
Changed: Sep 11
Last Checked: Sep 13 at 11:06AM
MLS# 942862
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.
Built in 2010, this 5,868-square-foot office property sits on a 0.54-acre parcel and is zoned commercial. The building includes elevator service, ADA compliance, ample parking, and two handicap parking spots. The owner prefers leasing the property as a whole, although office space may be subdivided. A minimum one-year lease is required, with a multi-year term preferred.
The property is located on FSU/GCSC campus and within 1/4 mile of Port PC, a naval base, and both college campuses. Its Panama City setting provides a campus-oriented office location with nearby institutional and port-related destinations.
The property is located on FSU/GCSC campus and within 1/4 mile of Port PC, a naval base, and both college campuses. Its Panama City setting provides a campus-oriented office location with nearby institutional and port-related destinations.
Key Highlights
- 5,868 square feet on a 0.54‑acre parcel
- Built in 2010 with commercial zoning
- Elevator access and ADA‑compliant design
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.90 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Explore this area
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
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 40% above the average of $18.61 /SF/Yr.
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - ADA-compliant office space offers elevator access, ample parking, and flexibility for a full-building lease.
Where is this office units located?
The property is located at 5102 Northbay Drive Panama City, FL.
What is the lease rate?
The lease rate is $12,714/Mo.
What are key features of this property?
This property features: 5,868 square feet on a 0.54‑acre parcel; Built in 2010 with commercial zoning; Elevator access and ADA‑compliant design
