271 Star Ave Panama City, FL 32404
- Warehouses
- 12,000 SF
- 1.36 lot acres
Current Use by Public Records
- Ardamas Fleet Services / Truck Repair Shop
- Apex Power Pros / Electrician / Electric Generator Shop
- PDR Mobile Auto Dent Removal & Paint / Auto Dent Removal Service
- Humble House Thrift Store: Furniture and More / Thrift Store
Property Details for 271 Star Ave
- Year built
- 2022
- Construction
- STEEL FRAME
- Lot size
- 1.36 lot acres
- Property size
- 12,000 SF
- Property type
- Warehouses
- APN
- 06463-030-000
- APU
- 6463030000
Description
This newly constructed, single-tenant warehouse, totaling 1,500 square feet, offers a prime location just minutes from Tyndall Air Force Base, with easy access to Highway 231. The unit boasts a 14-foot high by 12-foot wide overhead door, enhancing ease of loading and unloading. For added convenience and ventilation, the property includes personnel doors at both the front and rear. Private restrooms are included within the unit for employee use. The warehouse features a 17-foot clear ceiling height, providing ample vertical space for storage or operations. Individual electric meters allow for precise cost control. Tenants are responsible for their pro-rata share of common area utilities. The property is part of a larger complex, offering the potential for expansion or synergy with other businesses in the area. This is an excellent opportunity for businesses seeking efficient, well-located industrial space near Tyndall Air Force Base. The property is identified by APN 06463-030-000. The lot size is not specified. The building is a single-story structure.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,150,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,420,000
- 6.5%
- $1,330,000
- 7%
- $1,245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,220,000
- Geo Method
- $1,385,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,380,000
- Retail
- $1,390,000
- Mixed-Use
- $1,390,000
- Hospitality
- $1,205,000
- Educational
- $1,090,000
- Residential Income
- $1,145,000
- Energy
- $1,275,000
- Income-Based Land
- $1,135,000
- Food Service
- $1,460,000
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Bay
- State
- Florida
- Longitude
- -85.5665
- Latitude
- 30.1518
- CBSA code
- 37460
- CBSA name
- PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
