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    Panama City Beach, FL
    Medical Premises

    Panama City Beach, FL Medical Office Space for Sale

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    Panama City, FL Mexico Beach, FL Port St Joe, FL Callaway, FL Wewahitchka, FL Overstreet, FL Rosemary Beach, FL
    LAND
    Updated: Jun 24, 2024
    LAND

    12907 Panama City Beach Pkwy, Panama City Beach, FL

    $425,000
    2,500 sqft 2.52 AC lot
    Prime location in the heart of Panama City Beach with HIGH VISIBILITY (275' frontage on Panama City Beach Parkway).
    Customize the 2,500 SF second‑floor medical office space to tenant specifications.
    Tenant Improvement Allowance of $20.00 per square foot.
    High traffic count of 52,000.
    Located in a continuously growing area with new apartment buildings.
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    This listing looks promising.

    Here's a quick look at some key insights for

    12907 Panama City Beach Pkwy, Panama City Beach, FL

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    • Est. Cap Rate

      8.2%
      Above avg (5.9%)

    • Est. NOI

      $35K
      Annual

    • Mortgage

      $2.72M
      Apr 2024

    • Last Sold

      Apr 2024
      $2.72M

    • Property Type

      Medical Building
      Built 2017
    View Property Analytics
    New Medical Office Building
    Updated: Dec 22, 2025
    New Medical Office Building

    1002 N Arnold Rd, Panama City Beach, FL 32413

    Contact for pricing
    6,000 sqft 88.65 AC lot
    New Class A medical office space in an established healthcare destination (TMH Medical Office Building).
    Excellent visibility and accessibility at the intersection of Hwy 79 and Philip Griffitts Sr. Parkway, less than a mile from Hwy 98.
    Located in the emerging healthcare hub for the eastern Florida Panhandle, a fast‑growing region.
    Flexible spaces ranging from 2,000 to 6,000 square feet with robust tenant improvement packages.
    High parking ratio of 5:1000, including 16 handicap spaces.
    View details
    Ground-Floor End-Unit Office Condo
    Ground-Floor End-Unit Office Condo

    1101-8730 Thomas Dr, Panama City Beach, FL 32408

    $599,999
    2,482 sqft

    Fully built-out end unit with abundant windows, on-site parking, and close proximity to the beach in St. Thomas Square.

    View details
    Class A Medical Office Building
    Class A Medical Office Building

    C-1002 N Arnold Rd, Panama City Beach, FL 32413

    Contact for pricing
    6,000 sqft

    New construction medical office suites are available in a Class A building within an established healthcare campus.

    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 48 Potential Opportunities for your consideration. Besides 4 Active listings in Panama City Beach, FL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 36 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    First-Floor Medical & Office Space
    First-Floor Medical & Office Space

    2402 State Ave, Panama City, FL 32405

    Contact for pricing
    9,219 sqft 3.33 AC lot

    Class A medical and office suite under construction with pre-leasing availability in Q1 2026 and flexible layout options.

    View details
    Class-A Medical Office Suites Campus
    Class-A Medical Office Suites Campus

    00 State Highway 20 W, Freeport, FL 32439

    $395,000

    Five-building campus offers elevator-served suites delivered as a “cool white box,” with 102 parking spaces for medical-ready offices.

    View details
    Class A Office Building Suites
    Class A Office Building Suites

    67 Joe Campbell Road, Freeport, FL 32439

    Contact for pricing
    13,900 sqft 1.95 AC lot

    New Class A office suites offer private restrooms, 12-foot ceilings, and secure shared access for professional and light medical use.

    View details
    Medical Office Condominium For Sale
    Medical Office Condominium For Sale

    2202 State Avenue, Panama City, FL 32405

    $1,900,000

    Medical office condominium located on the Gulf Coast Medical Campus.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Commercial Site Front Beach
    Prime Commercial Site Front Beach

    8600 Front Beach Road, Panama City Beach, FL 32407

    $549,000
    11,805 sqft 0.27 AC lot

    Exceptional visibility, flexible zoning, ideal for office or medical development.

    View details
    Prime Commercial Lot in Lynn Haven
    Prime Commercial Lot in Lynn Haven

    1306 Florida Avenue, Lynn Haven, FL 32444

    $550,000
    0.86 AC lot

    Commercial lot with 250' frontage, ideal for various businesses.

    View details
    Bainbridge Commercial Land For Sale
    Bainbridge Commercial Land For Sale

    Wheat Ave., Bainbridge, GA 39819

    $150,000
    0.52 AC lot

    Commercial land in Bainbridge's hospital district, ideal building site.

    View details
    Zoned Mixed-Use Land Parcel
    Zoned Mixed-Use Land Parcel

    10200 BLK Hwy 97, Walnut Hill, FL 32568

    $119,500
    4.45 AC lot

    Zoned RMU commercial land offering residential development potential with allowance for limited small retail and services.

    View details

    Off-Market Properties in Panama City Beach, FL

    Consider similar Off-Market properties in Panama City Beach, FL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    902 Thomas Dr
    MEDICAL BUILDING

    902 Thomas Dr, Panama City Beach, FL 32408-7442

    $1,335,000
    Estimated value
    6,948 sqft 1.34 AC lot
    View details
    11130 Panama City Bch Pkwy
    MEDICAL BUILDING

    11130 Panama City Bch Pkwy, Panama City Beach, FL 32407-2447

    Value Estimation by Request
    4,055 sqft 0.79 AC lot
    View details
    8905 Frnt Bch Rd
    MEDICAL BUILDING

    8905 Frnt Bch Rd, Panama City Beach, FL 32407-4234

    $505,000
    Estimated value
    1,843 sqft 0.35 AC lot
    View details
    10510 Hutchison Blvd
    MEDICAL BUILDING

    10510 Hutchison Blvd, Panama City Beach, FL 32407-3836

    $640,000
    Estimated value
    2,681 sqft 0.84 AC lot
    View details
    201 Arnold Rd
    MEDICAL BUILDING

    201 Arnold Rd, Panama City Beach, FL 32413-2225

    Value Estimation by Request
    2,562 sqft 0.30 AC lot
    View details
    8811 Frnt Bch Rd
    MEDICAL BUILDING

    8811 Frnt Bch Rd, Panama City Beach, FL 32407-4230

    Value Estimation by Request
    1,764 sqft 0.34 AC lot
    View details
    10900 Hutchison Blvd
    MEDICAL BUILDING

    10900 Hutchison Blvd, Panama City Beach, FL 32407-3712

    $1,180,000
    Estimated value
    3,351 sqft 0.54 AC lot
    View details
    Pc Bch Pkwy
    MEDICAL BUILDING

    Pc Bch Pkwy, Panama City Beach, FL 32407

    $2,720,000
    Estimated value
    5,584 sqft 0.06 AC lot
    View details
    15415 Panama City Bch Pkwy
    MEDICAL BUILDING

    15415 Panama City Bch Pkwy, Panama City Beach, FL 32413-5409

    $4,255,000
    Estimated value
    4,326 sqft 1.04 AC lot
    View details
    8501 Frnt Bch Rd
    MEDICAL BUILDING

    8501 Frnt Bch Rd, Panama City Beach, FL 32407-4826

    $3,015,000
    Estimated value
    8,361 sqft 2.42 AC lot
    View details
    22901 Panama City Bch Pkwy
    MEDICAL BUILDING

    22901 Panama City Bch Pkwy, Panama City Beach, FL 32413-1157

    $1,050,000
    Estimated value
    3,418 sqft 0.68 AC lot
    View details
    12234 Panama City Bch Pkwy
    MEDICAL BUILDING

    12234 Panama City Bch Pkwy, Panama City Beach, FL 32407-2725

    $1,385,000
    Estimated value
    18,200 sqft 1.50 AC lot
    View details
    9721 Thomas Dr
    MEDICAL BUILDING

    9721 Thomas Dr, Panama City Beach, FL 32408-3811

    $790,000
    Estimated value
    12,160 sqft 1.73 AC lot
    View details
    1814 Thomas Dr
    MEDICAL BUILDING

    1814 Thomas Dr, Panama City Beach, FL 32408-5825

    Value Estimation by Request
    5,101 sqft 0.57 AC lot
    View details
    2704 Thomas Dr
    MEDICAL BUILDING

    2704 Thomas Dr, Panama City Beach, FL 32408-6247

    Value Estimation by Request
    2,646 sqft 0.74 AC lot
    View details
    11038 Hutchison Blvd
    MEDICAL BUILDING

    11038 Hutchison Blvd, Panama City Beach, FL 32407-3714

    Value Estimation by Request
    2,110 sqft 0.53 AC lot
    View details
    13405 Panama City Bch Pkwy
    MEDICAL BUILDING

    13405 Panama City Bch Pkwy, Panama City Beach, FL 32407-2884

    $905,000
    Estimated value
    6,986 sqft 0.69 AC lot
    View details
    13305 Panama City Bch Pkwy
    MEDICAL BUILDING

    13305 Panama City Bch Pkwy, Panama City Beach, FL 32407-2844

    $865,000
    Estimated value
    6,704 sqft 1.38 AC lot
    View details
    2601 Thomas Dr
    MEDICAL BUILDING

    2601 Thomas Dr, Panama City Beach, FL 32408-6246

    Value Estimation by Request
    3,096 sqft 0.68 AC lot
    View details
    22326 Panama City Bch Pkwy
    MEDICAL BUILDING

    22326 Panama City Bch Pkwy, Panama City Beach, FL 32413-3228

    $510,000
    Estimated value
    3,599 sqft 1.53 AC lot
    View details

    Panama City Beach, FL Medical Office Space Market Trends and Statistics

    Explore 40 medical office space for sale in Panama City Beach, FL, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 16,982 square feet of properties for sale, with an estimated market value of $1,024,999.

    Sale prices for medical spaces in Panama City Beach, FL start at $425,000, averaging $512,499, and reaching up to $599,999 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 51
    Office buildings 14
    Medical Office Space 13
    Coworking space 2

    Demographics Overview

    Population 71K
    Population Growth (5Y) +2,055.8%
    Median Household Income $72,438
    College Educated 42.8%

    High-Yield Neighborhoods for Investment

    Identify Panama City Beach submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Panama City Beach $587.1K
    Panama City $600K

    Taxes & Financing

    Tax Rate (average for all types) 1.13%
    Property Tax per SF $14.55 per SF
    Tax Rate vs County Average 0.16 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Bay County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Bay County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Panama City Beach fall within the 25,000 to 50,000 square foot range.

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