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Property profile & analytics
OFF-MARKET
Warehouses

2805 12th St Panama City, FL 32401-1422

7,884 SF 0.25 ac lot Built 1953
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-8322366
Property summary
AI-generated overview

This unique 7,900 square foot flex space, located at 2805 W 12th Street in Panama City, Florida, presents a compelling investment opportunity. Built in 1953, this Art-Deco inspired building boasts a brick and block construction, featuring a convenient parcel-height door and open workspace ideal for a variety of uses. Situated on a 0.25-acre lot, the property enjoys a prime location just one block from Beck Avenue and a short walk to the St. Andrews waterfront. Its proximity to Little Village, ample public parking, and the vibrant St. Andrews restaurant scene makes it perfect for retail, showrooms, event spaces, entertainment venues, or live-work arrangements. The building's design and location offer significant potential, further enhanced by the availability of grants and property improvement opportunities through the Historic St. Andrews Waterfront Partnership. The asking price is $499,000. This property is zoned for industrial, land, and special purpose uses. The property's address is 2805 W 12th St, Panama City, FL 32401. This is a rare opportunity to acquire a distinctive property in a thriving waterfront community.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1953
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,884 SF
Lot 0.25 ac (10,802 SF)
Zoning code PC10
APN 29802-010-000
UPID US18-8322366
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Wfp & Associates LLC · 1 yrs held
Wfp & Associates LLC
since 2024
Last sale
$470,000
1 recorded transaction
2024
$470,000
Zoning & alternative use
PC10 · Panama City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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