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    501 11Th St Panama City, FL 32401

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    For Lease
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    87,231 SF Flex/Manufacturing Space Available

    Lot size:
    87,231 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 87,231-square-foot industrial property, located at 501 West 11th Street in Panama City, Florida, presents a unique investment opportunity. The building, classified as Class B, was constructed in 1979 and underwent significant renovations in 2020. Currently, 46,675 square feet of space is available for lease, ideal for a variety of manufacturing or flex uses. The property sits on a generous 5.27-acre lot and is zoned LI, offering ample room for expansion or outdoor storage. The building features two loading docks and one drive-in door, ensuring efficient loading and unloading operations. Parking is readily available with 200 spaces provided on-site. The property's location in Bay County, Florida, provides easy access to major transportation routes, making it an attractive location for businesses needing convenient logistics. This multi-tenant building offers a blend of modern updates and functional design, making it a compelling option for businesses seeking a versatile and well-maintained industrial space in a thriving Florida market. The zip code is 32401.

    Property Features for 501 11Th St

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    87,231 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1979/2020

    Unit(s) available at that property

    Space
    Available Space
    Size
    46,675 SF

    HighLights

    • 87,231 SF Class B industrial building, 1979 construction, renovated in 2020.
    • 46,675 SF available for lease, ideal for flex or light manufacturing.
    • 5.27‑acre lot, LI zoning in Panama City, FL (32401).
    • 200 surface parking spaces (2.29/1,000 SF ratio).
    • Two exterior loading docks and one drive‑in door.
    Property Profile Location Intelligence

    Current Use by Public Records

    Acentria Insurance Insurance Agency Northwest Florida Signs ... Sign Shop Floriopolis Gutter Solutions Gutter Cleaning Service The News Herald Newspaper Publisher Warner Law Firm, ... Attorney

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.6654811
    Latitude
    30.1667595

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    FAQs

    What type of property is this?
    Flex space - 87,231 SF Flex/Manufacturing Space Available
    Where is this flex space located?
    The property is located at 501 11Th St Panama City, FL.
    What are key features of this property?
    This property features: 87,231 SF Class B industrial building, 1979 construction, renovated in 2020.; 46,675 SF available for lease, ideal for flex or light manufacturing.; 5.27-acre lot, LI zoning in Panama City, FL (32401).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    501 11Th St Panama City, FL 32401
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