Flex Warehouse Development
For Sale
Contact for pricing
Pending
8308 Panama City Beach Pkwy, Panama City Beach, FL 32407
High-visibility commercial parcel with a 9,180 SF warehouse and 4,000 SF office-showroom, plus 345 feet of frontage.
Property Size9,180 SF
Lot Size5.40 Acres
Days on Market176
Property Features for 8308 Panama City Beach Pkwy
General Information
Standard status
Pending
Size
9,180 SF
Lot size
5.40 Acres
Property subtype
LAND
Zoning
GC-3
Site & Location
Traffic Count
44,500 vehicles/day
Road Access
Yes
Additional Details
Clear Height
14 ft
Building Details
Tenancy
Single
Listing Agency:
Counts Real Estate Group
(850) 249-3615
Listed By:
Christopher McCall, SIOR
(850) 814-9889
Source:
Moodyscre
Added: May 11
Changed: Oct 27
Last Checked: Nov 1 at 7:11AM
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 offering combines land and an existing building positioned for commercial development and flexible reuse. The property includes an approximately 9,180-square-foot building with roughly 5,000 square feet of warehouse space, four 12' x 14' roll-up doors, and a 14' clear ceiling height. The remaining space is about 4,000 square feet of office-showroom.
The site is zoned GC-3 General Commercial in unincorporated Bay County and offers approximately 345 feet of frontage on Panama City Beach Parkway with about 700 feet of depth. The annual average daily traffic count is estimated at 44,500 vehicles. The property is also near the Publix Sports Park corridor on Chip Seal Parkway, and the area is described as continuing to experience residential growth.
The building is currently leased by HERC Rental, with the lease expiring on May 31, 2027.
The site is zoned GC-3 General Commercial in unincorporated Bay County and offers approximately 345 feet of frontage on Panama City Beach Parkway with about 700 feet of depth. The annual average daily traffic count is estimated at 44,500 vehicles. The property is also near the Publix Sports Park corridor on Chip Seal Parkway, and the area is described as continuing to experience residential growth.
The building is currently leased by HERC Rental, with the lease expiring on May 31, 2027.
Key Highlights
- High‑visibility commercial development site on Panama City Beach Parkway with approx. 345 ft of frontage
- GC‑3 General Commercial zoning in unincorporated Bay County
- Parcel depth of approx. 700 ft with estimated AADT of 44,500 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$154,355
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,087,100
$3.1M
Cap Rate 7%
$2,205,071
$2.2M
Cap Rate 9%
$1,715,056
$1.7M
Market Conditions
NOI Build-Up for 9,180 SF
Gross rent
$258.9K $28.20/SF
− Vacancy
−$53.1K −$5.78/SF
EGI
$205.8K $22.42/SF
− OpEx
−$51.5K −$5.60/SF
NOI
$154.4K $16.81/SF
Area
Bay County, FL
Vacancy
20.50%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,087,100
Cap Rate 7%
$2,205,071
Cap Rate 9%
$1,715,056
Alternative Uses
Best Use
Office B
$2.21M
$1.93M – $2.57M
NOI $154,355 @ 7.0% cap · market cap 3.51%
Second Best
Flex RnD
$1.13M
$992.8K – $1.32M
NOI $79,420 @ 7.0% cap · market cap 1.81%
Theoretical Best
Office A
$2.67M
$2.34M – $3.12M
NOI $187,231 @ 7.0% cap · market cap 4.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
14 ft
Clear height
44,500 VPD
Traffic count
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32407, FL
14,366
Population
12,163
Households
1.2
Avg Household Size
41
Median Age
40%
College-Educated
96%
High-School Grad
14.9 sq mi
ZIP Area
964
Density / Sq Mi
$79,052
Median Household Income
$44,027
Median Earnings
$1,792
Median Rent
$403,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - High-visibility commercial parcel with a 9,180 SF warehouse and 4,000 SF office-showroom, plus 345 feet of frontage.
Where is this flex space located?
The property is located at 8308 Panama City Beach Pkwy Panama City Beach, FL.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: High‑visibility commercial development site on Panama City Beach Parkway with approx. 345 ft of frontage; GC‑3 General Commercial zoning in unincorporated Bay County; Parcel depth of approx. 700 ft with estimated AADT of 44,500 vehicles
