Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2507 Harrison Ave Suite 200 | Panama City, FL 32405 Panama City, FL 32405

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2507 Harrison Ave Suite 200 | Panama City, FL 32405 Panama City, FL 32405

    View on Map
    • Medical Office Space
    For Sale
    $825,000
    View Listing →
    2507 Harrison Ave Suite 200 For Sale
    $825,000
    3,500 SF

    2507 Harrison Ave Suite 200

    +/-3500sf medical office space

    2507 Harrison Ave Suite 200 | Panama City, FL 32405, Panama City, FL 32405
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 2507 Harrison Ave Suite 200 | Panama City, FL 32405

    Property type
    Medical Office Space
    Property subtype
    Medical centers

    Description

    +/-3500sf medical office space located within close proximity to HCA Florida Hospital, Ascension Sacred Heart Bay, multiple retail centers, banks, restaurants and much more. This location is ideal for healthcare professionals seeking a prime location to provide exceptional patient care. Harrison Center is +/- 200 yards from the intersection of W. 23rd, a major arterial highway with an ADT of 35,000. Location Description From W. 23rd Street, head north at the turn signal on Harrison Avenue. Harrison Center is +/- 200 yards from the intersection on the left. Highlights Great location proximate to HCA Gulf Coast Medical and Ascension Sacred Heart On site surface parking High end interior finishes Space can be divided for multiple providers Dual reception areas 3 executive offices 4 bathrooms 5 exams rooms with plumbing X-ray room 3,500 RSF; 3,000 USF

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    State
    Florida
    Longitude
    -85.6592
    Latitude
    30.1882

    Comparable in this City

    • Value Estimation
      $1,910,000
      15,912 SF

      525 15th St

      MEDICAL BUILDING • 15,912 SF
      525 15th St, Panama City, FL 32405-5412
      View Details
    • Value Estimation
      $810,000
      7,474 SF

      2614 Jenks Ave

      MEDICAL BUILDING • 7,474 SF
      2614 Jenks Ave, Panama City, FL 32405-4311
      View Details
    • Value Estimation
      $1,035,000
      8,818 SF

      1560 Jenks Ave

      MEDICAL BUILDING • 8,818 SF
      1560 Jenks Ave, Panama City, FL 32405-4621
      View Details
    • Value Estimation
      $835,000
      7,430 SF

      1827 Harrison Ave, Unit 2

      MEDICAL BUILDING • 7,430 SF
      1827 Harrison Ave, Panama City, FL 32405-7606
      View Details
    • Value Estimation
      $525,000
      3,995 SF

      1827 Harrison Ave

      MEDICAL BUILDING • 3,995 SF
      1827 Harrison Ave, Panama City, FL 32405-7607
      View Details
    • Value Estimation
      $4,900,000
      55,761 SF

      1940 Harrison Ave

      MEDICAL BUILDING • 55,761 SF
      1940 Harrison Ave, Panama City, FL 32405-4542
      View Details

    Similar Nearby for Sale

    • $700,000

      Medical Office Building Panama City

      Updated medical office in Panama City's medical district.
      2636 Jenks Ave, Panama City, FL 32405
      View Details
    • Contact for pricing
      9,219 SF

      Class A Medical Office Space

      9,219 SF Class A medical/office space available Q1 2026.
      2402 State Ave, Panama City, FL 32405
      View Details
    • Contact for pricing
      13,132 SF

      Medical Office & Surgery Center

      Medical office and ambulatory surgery center for sale in Panama City.
      1600 Jenks Ave, Panama City, FL 32405
      View Details
    • $455,000
      1,229 SF

      Medical Office in Desirable Location

      Ground floor medical office space in sought-after medical complex.
      2202 State Ave, Panama City, FL 32405
      View Details
    • $905,000
      2,446 SF

      Medical Office on Hospital Campus

      Ground floor medical office space with hospital access for sale.
      2202 State Ave #103, Panama City, FL 32405
      View Details
    • $351,000
      52,272 SF

      Commercial Lot in Premier Location

      1.65 acre commercial lot, design ready, ideal for development.
      1200 W 19Th St, Panama City, FL 32405
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      2,720 SF

      Panama City Medical Office Suite

      2720 SF Medical/Office Space, Prime Location
      221 East 23rd Street | Panama City, FL 32405, Panama City, FL 32405
      View Details
    • $25 SF/Yr
      2,783 SF

      Turnkey Medical Office Space Available

      Equipped medical office suite with X-ray, ready for practice.
      2426 Jenks Ave, Panama City, FL 32405
      View Details
    • $11,000 /Mo
      8,510 SF

      Prime Panama City Office Space

      Centrally located office building suitable for medical or professional use.
      1830 Lisenby Ave, Panama City, FL 32405
      View Details
    • $11,000 /Mo
      8,510 SF

      Panama City Commercial Office Space

      Centrally located brick building suitable for medical or professional office.
      1830 Lisenby Ave, Panama City, FL 32405
      View Details
    • $28 SF/Yr

      Class A Medical Office Space

      Class A medical office space available Q1 2026 for lease.
      2402 State Ave, Panama City, FL 32405
      View Details
    • $25 SF/Yr

      Medical Office Suite For Rent

      Equipped medical office suite with X-ray, offices, and exam rooms.
      2426 Jenks Ave, Panama City, FL 32405
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2507 Harrison Ave Suite 200 | Panama City, FL 32405
    Panama City, FL 32405
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!