1108 School Avenue Avenue, Panama City, FL 32401
Flex space with warehouse, canopy, and large fenced yard.
- Added:
- Feb 3, 2024
- Days on Market:
- 875
- Last Refresh:
- May 12 at 9:26 pm
Property Features for 1108 School Avenue Avenue
General Information
- Standard status
- Active
- Size
- 6,306 SF
- Lot size
- 1.43 Acres
- Property subtype
- Special Purpose
Building Details
- Year Built
- 2005
Listing office NAI TALCOR
Listing date Feb 3, 2024
Source Crexi
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 NAI TALCOR
HighLights
- Large flex space: +/-2560 sf office, +/-2366 sf warehouse, and +/-1380 sf canopy.
- Secured property: Fully fenced with 6' chain‑link and barb wire.
- Ample parking and +/-1.43 acre yard.
- Convenient location: Close to downtown Panama City.
- Proximity to Tyndall Airforce Base.
- Built in 2005.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.4k | $21.00 |
| − Vacancy | −$26.5k | −$4.20 |
| EGI | $105.9k | $16.80 |
| − OpEx | −$26.5k | −$4.20 |
| NOI | $79.5k | $12.60 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Vittles Catering — 508 Harmon Ave, Panama City, FL 32401
Map
- City
- Panama City
- County
- Walton
- State
- Florida
- Longitude
- -85.6475
- Latitude
- 30.1608
