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

5618 Lilly Street, Panama City, FL 32404

COMMERCIAL - Panama City, FL

Space Size2,272 SF
Days on Market211

Property Features for 5618 Lilly Street

General Information

Property type Commercial Lease
Property subtype Office
Subdivision No Named Subdivision
Elementary school Parker
Middle school Everitt
High school Rutherford
Directions From the intersection of HWY 22 and Tyndall Parkway, head South on Tyndall Parkway 0.35+/- miles. Turn left onto Lilly Street. Property is on right.
Standard status Active
APN 06353-000-000
Size 2,272 SF

Taxes and HOA fees

Tax Description BURKETT'S 1ST ADD LOT 4 ALSO M & B BEG NE COR LOT 4TH E 100' S 167.2' W100' N 167.2'TO BEG (1.03) 131C3 BLK1 ORB 4094 P 397
Legal Description BURKETT'S 1ST ADD LOT 4 ALSO M & B BEG NE COR LOT 4TH E 100' S 167.2' W100' N 167.2'TO BEG (1.03) 131C3 BLK1 ORB 4094 P 397

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Central

Amenities

reception area
break room
kitchen area
interior storage
restrooms
exterior storage rooms
screened exterior break area
central HVAC
on-site parking

Building Details

Year built 1959
Floors in Building 1
Building materials HardiplankType
Roof type Shingle
Listing Agency: Counts Real Estate Group
Listed By: Charlie B Haas · License #3021473
Added: Jan 30 Changed: Aug 4 Last Checked: Aug 29 at 7:06PM
MLS# 784443

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.

Investment Insights

Based on property information with market context.

Standalone 2,272 SF professional office building available for lease. The interior layout includes four large private offices, a large front lobby/reception area, and a spacious break room that may be converted to an additional office or exam room. The space is supported by a small kitchen area, interior storage, and three restrooms, along with two large exterior storage rooms. A screened exterior break area is also included, and the building is served by central HVAC. On-site parking is available, and the structure has no shared walls.

The property is located near Tyndall Parkway, with quick access to Tyndall Air Force Base and surrounding commercial areas.

Available for occupancy beginning February 15, 2026.

Key Highlights

  • Standalone 2,272 SF professional office building (no shared walls) available for lease Feb 15, 2026
  • Layout includes large front lobby/reception, four large private offices, and a break room that may be converted to an additional office or exam room
  • Central HVAC with natural gas heat; shingle roof

Property 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

Market

Lease Benchmarks for Panama City, FL

$17.16 /SF/Yr
Avg Asking Price
$15.13–$25 /SF/Yr
Price Range
19,992 SF
Avg Space Size

This space is priced 39% above the average of $17.16 /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 building - Standalone 2,272 SF office building offers four private offices, lobby/reception, break room flexibility, three restrooms, and central HVAC.
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: Standalone 2,272 SF professional office building (no shared walls) available for lease Feb 15, 2026; Layout includes large front lobby/reception, four large private offices, and a break room that may be converted to an additional office or exam room; Central HVAC with natural gas heat; shingle roof
More about this property
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