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Medical Office Suite with Exam Rooms
For Lease
$23 SF/Yr

F-221 E 23rd St, Panama City, FL 32405

Configured for patient-facing operations with reception, administrative, break, and restroom areas.

Space Size1,320 SF
Days on Market192

Property Features for F-221 E 23rd St

General Information

Standard status Active
Size 1,320 SF
Net Rentable 1,320 SF

Space & Availability

Available Space 1,320 SF
Contiguous Space 1,320 SF
Space Use Medical Office
Sublease Yes
Private Offices 4
Listing Agency: NAI TALCOR
Listed By: Brent Faison · License #3027940
Source: Exprealty
Added: Feb 18 Changed: Aug 29 Last Checked: Aug 29 at 5:07PM

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

Investment Insights

Based on property information with market context.

Suite F at Cedar's Executive Center is available for sublease with approximately 1,320 square feet of medical office space. The layout includes four offices or exam rooms, a waiting room, administrative area, breakroom, and two restrooms, supporting a range of clinical and administrative functions.

The property is located at F-221 E 23rd St in Panama City, with signage and access to nearby commercial businesses, including national retailers. Ascension Sacred Heart Bay and HCA Florida Gulf Coast Hospitals are both in close proximity.

Key Highlights

  • +/-1320sf medical office suite available for sublease
  • Four offices or exam rooms
  • Waiting room and administrative area

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Kitchen & Bath Showroom Auto Parts Store Storage Facility HVAC Service Law Firm Grocery & Convenience Store

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
$3.45 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,727
Businesses Nearby
Balanced
Demand for This Use

Demographics for 32405, FL

28,158
Population
13,585
Households
2.1
Avg Household Size
40
Median Age
29%
College-Educated
92%
High-School Grad
18.8 sq mi
ZIP Area
1,498
Density / Sq Mi
$71,002
Median Household Income
$41,867
Median Earnings
$1,418
Median Rent
$255,100
Median Home Value

Market

Lease Benchmarks for Panama City, FL

$18.28 /SF/Yr
Avg Asking Price
$15.13–$25 /SF/Yr
Price Range
3,690 SF
Avg Space Size

This space is priced 26% above the average of $18.28 /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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Configured for patient-facing operations with reception, administrative, break, and restroom areas.
Where is this medical office space located?
The property is located at F-221 E 23rd St Panama City, FL.
What is the lease rate?
The lease rate is $23 SF/Yr.
What are key features of this property?
This property features: +/-1320sf medical office suite available for sublease; Four offices or exam rooms; Waiting room and administrative area
More about this property
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