Insulated Warehouse with Pole
S Bear Creek Road, Panama City, FL 32404
For Sale
$589,000
CommercialSale, Panama City, FL
Property Size3,996 SF
Lot Size6.61 Acres
Price / SF$147.40
Days on Market49
Property Features for S Bear Creek Road
General Information
Property type
Property subtype
Zoning description
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Water front features
Water front
Building Details
Year built
Building materials
Buildings
Listing Agency:
Think Real Estate
(850) 270-4200
Listed By:
Matt W Wright · License #sl3475720
(850) 227-8276
Added: Sep 22
Changed: Nov 2
Last Checked: Nov 9 at 10:06AM
MLS# 795757
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 3,996-square-foot metal warehouse, built in 2019, measures 74 feet by 54 feet and is fully insulated. Four roll-up doors provide building access, and power, water, and septic are in place. A separate 70-by-40-foot pole barn adds covered space for storage or work. The property is enclosed by a 6-foot fence with rolling gates.
Located on S Bear Creek Road in Panama City, the property sits just off the Hwy 231 corridor in Bay County. Creek waterfront is also listed among the property features.
Located on S Bear Creek Road in Panama City, the property sits just off the Hwy 231 corridor in Bay County. Creek waterfront is also listed among the property features.
Key Highlights
- 3,996‑square‑foot insulated metal warehouse built in 2019
- Main building measures 74' x 54' and has four roll‑up doors
- 70' x 40' pole barn provides additional covered area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,571
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,420
$691.4K
Cap Rate 7%
$493,871
$493.9K
Cap Rate 9%
$384,122
$384.1K
Market Conditions
NOI Build-Up for 3,996 SF
Gross rent
$56.1K $14.04/SF
− Vacancy
−$2.9K −$0.73/SF
EGI
$53.2K $13.31/SF
− OpEx
−$18.6K −$4.66/SF
NOI
$34.6K $8.65/SF
Area
Bay County, FL
Vacancy
5.20%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,420
Cap Rate 7%
$493,871
Cap Rate 9%
$384,122
Alternative Uses
Best Use
Flex RnD
$493.9K
$432.1K – $576.2K
NOI $34,571 @ 7.0% cap · market cap 5.87%
Second Best
Warehouse
$432.4K
$378.4K – $504.5K
NOI $30,268 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,501 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
4
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
$239,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Warehouses in Panama City, FL
Properties on Market for Warehouses in Panama City
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Judy Foister Storage Sheds — 10801 US-231, Youngstown, FL 32466
Frequently Asked Questions
What type of property is this?
Warehouse - Four roll-up doors and on-site utilities support access for equipment and materials.
Where is this warehouse located?
The property is located at S Bear Creek Road Panama City, FL.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: 3,996‑square‑foot insulated metal warehouse built in 2019; Main building measures 74' x 54' and has four roll‑up doors; 70' x 40' pole barn provides additional covered area
