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Standalone Professional Office Building
For Lease
$4,500/Mo

5618 Lilly Street, Panama City, FL 32404

Four private offices and three restrooms support a range of professional operations.

Space Size2,272 SF
Days on Market271

Property Features for 5618 Lilly Street

General Information

Standard status Active
Size 2,272 SF
Net Rentable 2,272 SF
Property subtype Office

Space & Availability

Available Space 2,272 SF
Contiguous Space 2,272 SF
Space Use Office
Sublease No
Available From 2026-02-15
Private Offices 4

Amenities

exterior storage rooms
screened exterior break area
central HVAC
on-site parking

Building Details

Building Size 2,272 SF
Year Built 1959
Listing Agency: Counts Real Estate Group
Listed By: Charlie B Haas · License #3021473
Source: Coastalheritagerealty
Added: Jan 30 Changed: Oct 26 Last Checked: Oct 26 at 2:25PM

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 Counts Real Estate Group

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Investment Insights

Based on property information with market context.

This standalone 2,272-square-foot office building dates to 1959 and has no shared walls. The interior includes four private offices, a lobby and reception area, a break room that can be reconfigured as an office or exam room, a small kitchen, interior storage, and three restrooms. Central HVAC serves the building, and two exterior storage rooms and a screened outdoor break area add functional space.

The property is at 5618 Lilly Street in Panama City, near Tyndall Parkway, with access to Tyndall Air Force Base and nearby commercial areas. On-site parking is available. The building is scheduled to be available February 15, 2026.

Key Highlights

  • 2,272‑square‑foot standalone building with no shared walls
  • Four private offices, lobby and reception area, and three restrooms
  • Break room could be converted to an office or exam room

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Hair Salon Spa & Massage Center 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
$3.57 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

441
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Panama City, FL

$20.83 /SF/Yr
Avg Asking Price
$14.57–$35.13 /SF/Yr
Price Range
40,496 SF
Avg Space Size

This space is priced 14% above the average of $20.83 /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

Frequently Asked Questions

What type of property is this?
Office building - Four private offices and three restrooms support a range of professional operations.
Where is this office building located?
The property is located at 5618 Lilly Street Panama City, FL.
What is the lease rate?
The lease rate is $4,500/Mo.
What are key features of this property?
This property features: 2,272‑square‑foot standalone building with no shared walls; Four private offices, lobby and reception area, and three restrooms; Break room could be converted to an office or exam room
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