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    Panama City, FL Office Units for Sale

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    Multi-Use Professional Office Center
    Updated: Apr 4, 2025
    Multi-Use Professional Office Center

    2420 Jenks Ave, Panama City, FL 32405

    $4,000,000
    23,120 sqft
    Multi‑use professional center designed for professional use
    Multi‑tenant office center
    Convenient access just off the 23rd Street and Jenks Avenue intersection
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    This listing looks promising.

    Here's a quick look at some key insights for

    2420 Jenks Ave, Panama City, FL

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    • Est. Cap Rate

      7.3%
      Above avg (5.9%)

    • Est. NOI

      $291K
      Annual

    • Price @ 7% Cap

      $4.16M
      Above asking

    • Property Type

      Public School
      Built 2007
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    Industrial Flex Space with Showroom
    Updated: May 22
    Industrial Flex Space with Showroom

    1331 Harrison Avenue, Panama City, FL 32401

    $2,500,000
    11,171 sqft 0.66 AC lot
    11,171 SF flex property with warehouse, showroom, office, and mezzanine areas
    7,134 SF warehouse with ceilings approaching 21 feet
    1,391 SF mezzanine for storage or workspace expansion
    1,153 SF finished showroom with LED pendant lighting
    600‑amp, 240/120V 3‑phase electrical service with roughly 70% spare capacity
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    Flex Building with Office Space
    Flex Building with Office Space

    1509 Hickory Avenue, Panama City, FL 32405

    $799,000
    4,300 sqft 0.21 AC lot

    Flexible commercial layout combines warehouse, office, and manufacturing areas with upgraded mechanical and solar features.

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    Office Building with Multiple Entrances
    Office Building with Multiple Entrances

    854 Magnolia Avenue, Panama City, FL 32401

    $775,000
    1,708 sqft 0.64 AC lot

    Mixed-use zoning supports multiple commercial uses, with multiple entrances and two private-suite areas.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Versatile Warehouse with Rental Income
    Versatile Warehouse with Rental Income

    1509 Hickory Avenue, Panama City, FL 32405

    $799,000
    4,300 sqft 0.21 AC lot

    4,300 SF warehouse with rental opportunity in Panama City.

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    Seven-Office Building with Reception Lobby
    Seven-Office Building with Reception Lobby

    316 W 11th Street, Panama City, FL 32401

    $385,000
    1,674 sqft 0.34 AC lot

    Office building with seven private rooms, a reception lobby, break room with kitchenette, and three bathrooms.

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    Class A Medical Office Space
    Class A Medical Office Space

    2402 State Ave, Panama City, FL 32405

    Contact for pricing
    9,219 sqft 3.33 AC lot

    First-floor space under construction with flexible layouts, surface parking, and access from a major Panama City commercial corridor.

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    Water-View Commercial Land
    Water-View Commercial Land

    2406 Saint Andrews Boulevard, Panama City, FL 32405

    $875,000
    2.20 AC lot

    Cleared commercial parcel with natural water views and limited remaining improvements.

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    Historic Panama City Mixed-Use Property
    Historic Panama City Mixed-Use Property

    854 Magnolia Avenue, Panama City, FL 32401

    $775,000
    1,708 sqft 0.64 AC lot

    Custom property on a large lot in historic Panama City.

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    Multi-Office Office Building
    Multi-Office Office Building

    1148 Jenks Avenue, Panama City, FL 32401

    $325,000
    1,868 sqft 0.16 AC lot

    Income-producing office building with six offices, two bathrooms, and convenient access in Panama City, Florida.

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    Prime Commercial Condo For Sale
    Prime Commercial Condo For Sale

    8730 Thomas Drive #1101, Panama City, FL 32408

    $599,999
    2,482 sqft

    Versatile commercial space in a rapidly growing market.

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    High-Spec Flex Industrial Complex
    High-Spec Flex Industrial Complex

    2532 Joan Avenue, Panama City, FL 32408

    $2,500,000
    9,000 sqft 1.00 AC lot

    9,000 SF flex industrial complex with vertical expansion potential.

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    West 23rd Street Commercial Opportunity
    West 23rd Street Commercial Opportunity

    3707 W 23rd Street, Panama City, FL 32405

    $315,000
    1,046 sqft 0.10 AC lot

    Versatile commercial property on a busy Panama City corridor.

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    Industrial Flex Warehouse with Yard
    Industrial Flex Warehouse with Yard

    1117 Saint Andrews Blvd, Panama City, FL 32405

    Contact for pricing
    7,200 sqft

    7,200 SF flex warehouse includes offices, showrooms, restrooms, a kitchenette, and a large yard with ample parking.

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    Renovated Office Space in Plaza
    Renovated Office Space in Plaza

    615 N Highway 231, Panama City, FL 32405

    Contact for pricing
    54,027 sqft

    Professional office space in a high-visibility shopping center.

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    Ground Floor Medical Office Suite
    Ground Floor Medical Office Suite

    2202 State Avenue #102, Panama City, FL 32405

    $535,000
    1,448 sqft

    Ground floor office suite in a medical complex with direct connected corridor access to the hospital.

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    Ground Floor Medical Office Suite
    Ground Floor Medical Office Suite

    105-2202 State Ave, Panama City, FL 32401

    $455,000
    1,229 sqft

    Ground floor medical office in a hospital-connected complex, with renovated common areas and repairs completed.

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    Ground Floor Medical Office Suite
    Ground Floor Medical Office Suite

    2202 State Avenue #105, Panama City, FL 32405

    $455,000
    1,229 sqft

    Ground-floor medical office suite within a medical complex with direct corridor access to the hospital.

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    Freestanding Law Office Building
    Freestanding Law Office Building

    1138 Jenks Ave, Panama City, FL 32401

    Contact for pricing
    2,500 sqft

    Custom brick law office includes enclosed garage and 3 private offices, conference room, reception, kitchen, and three restrooms.

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    Renovated Office Building
    Renovated Office Building

    2516 W 23rd Street, Panama City, FL 32405

    Contact for pricing
    3,400 sqft

    Newly renovated office building with numerous offices, a large waiting room, and ADA-compliant accommodations.

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    College Campus Mixed-Use Building
    College Campus Mixed-Use Building

    5102 Collegiate Dr, Panama City, FL 32405

    Contact for pricing
    6,000 sqft

    Nearly 6,000 SF retail and office suites with outdoor seating options and separate second-floor space.

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    Retail Development Land Parcel
    Retail Development Land Parcel

    2732 E 15th St, Panama City, FL 32401

    Contact for pricing
    0.42 AC lot

    Half-acre retail development site currently operating as a used car lot with a small office building.

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    Cleared Corner Commercial Land
    Cleared Corner Commercial Land

    425 Maine Avenue, Panama City, FL 32401

    $114,000

    Cleared corner parcel with two-road access and commercial zoning near Watson Bayou.

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    Multi-Tenant Flex Portfolio
    Multi-Tenant Flex Portfolio

    2003 N East Avenue, Panama City, FL 32405

    Contact for pricing

    Three renovated flex buildings provide leased office and retail space plus a warehouse building with vacant and A/C’d units.

    View details

    Panama City, FL Office Units Market Trends and Statistics

    Explore 27 office units for sale in Panama City, FL, showcased through 26 active listings on our real estate platform. These investment opportunities span a total of 148,629 square feet of properties for sale, with an estimated market value of $16,206,999.

    Sale prices for office units in Panama City, FL start at $114,000, averaging $1,012,937, and reaching up to $4,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 103
    Office buildings 52
    Medical Office Space 43
    Creative space 1

    Demographics Overview

    Population 154K
    Population Growth (5Y) +1,132.7%
    Median Household Income $71,237
    College Educated 29.8%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    32401 $527.5K
    32405 $1.2M
    32408 $2.5M

    Taxes & Financing

    Tax Rate (average for all types) 1.42%
    Property Tax per SF $28.37 per SF
    Tax Rate vs County Average 0.07 pp above 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 fall within the 100,000+ square foot range.

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