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New Flex Space with Laydown Yard
New
For Lease
$19.63 SF/Yr

5615 Wallace Road, Panama City, FL 32404

Newly built warehouse and office facility with three-phase power, overhead doors, and outdoor storage capacity.

Space Size3,200 SF
Days on Market3

Property Features for 5615 Wallace Road

General Information

Standard status Active
Size 3,200 SF
Net Rentable 3,200 SF
Property subtype Industrial - Manufacturing

Space & Availability

Available Space 3,200 SF
Contiguous Space 3,200 SF
Space Use Warehouse

Site & Location

Highway Access Yes
Road Access Yes
Outdoor Storage Yes
Utilities to Site Yes

Warehouse & Industrial

Warehouse Space 2,500 SF
Office Build-Out 700 SF
Three-Phase Power Yes

Amenities

shower

Building Details

Building Size 3,200 SF
Year Built 2026
Year Renovated 2026
Units 1

Spaces For Lease

at 5615 Wallace Road Contact us

5615 Wallace Road $19.63/SF/Yr

Floor
1
Size
3,200 SF
Type
Flex - Industrial
Lease Type
NNN
Availability
Immediate
Sublease
No
Renewal Option
Yes
Contact us
Listing Agency: Five Bridges Real Estate Services Co.
Listed By: Anna Branch
Source: Commercialcafe
Added: Aug 10 Changed: Aug 11 Last Checked: Aug 11 at 2:48PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Five Bridges Real Estate Services Co.

Investment Insights

Based on property information with market context.

Built in 2026, this flex facility combines approximately 2,500 SF of warehouse area with 700 SF of air-conditioned office space. Three 12' x 12' overhead doors, three-phase power, a 14' eave height, and 16' peak clear height support a range of operational requirements. The property also includes three restrooms, including one with a shower, along with City of Callaway water and sewer.

An approximately 200' x 200' outdoor laydown yard provides room for equipment, fleet parking, and material storage. Semi-truck access is available. The facility is located at 5615 Wallace Road in the Callaway / East Panama City commercial corridor, with access to Tyndall Parkway, Highway 22, and US Highway 98. Its broader setting is near Tyndall Air Force Base, Port Panama City, Downtown Panama City, and surrounding residential communities.

Key Highlights

  • Approximately 3,200 SF facility with 2,500 SF warehouse and 700 SF air‑conditioned office space
  • Approximately 200' x 200' outdoor laydown yard
  • Three 12' x 12' overhead doors with semi‑truck access

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Electrical Service Real Estate Agency Pharmacy Nail Salon Auto Parts 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

Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$2.94 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

193
Businesses Nearby
Under-served
Demand for This Use

Demographics for 32404, FL

38,186
Population
18,053
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
135.1 sq mi
ZIP Area
283
Density / Sq Mi
$72,208
Median Household Income
$38,701
Median Earnings
$1,355
Median Rent
$239,700
Median Home Value

Market

Lease Benchmarks for Panama City, FL

$8.95 /SF/Yr
Avg Asking Price
$5.87–$14 /SF/Yr
Price Range
11,900 SF
Avg Space Size

This space is priced 119% above the average of $8.95 /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
Questions? Ask Rey
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Similar Off Market Nearby

  • Caroline's Food & Catering LLC 827 Georgia Ave, Panama City, FL 32404

Frequently Asked Questions

What type of property is this?
Flex space - Newly built warehouse and office facility with three-phase power, overhead doors, and outdoor storage capacity.
Where is this flex space located?
The property is located at 5615 Wallace Road Panama City, FL.
What is the lease rate?
The lease rate is $19.63 SF/Yr.
What are key features of this property?
This property features: Approximately 3,200 SF facility with 2,500 SF warehouse and 700 SF air‑conditioned office space; Approximately 200' x 200' outdoor laydown yard; Three 12' x 12' overhead doors with semi‑truck access
More about this property
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