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Property profile & analytics
FOR LEASE
Manufacturing properties

501 W 11Th St Panama City, FL 32401

80,678 SF 2.01 ac lot Built 1979
Entity Owned 8-yr Hold Absentee Owner Free & Clear
Property ID
US18-4669255
Property summary
AI-generated overview

This exceptional 87,231-square-foot industrial property, located at 501 West 11th Street in Panama City, Florida, presents a unique investment opportunity. The building, classified as Class B, was constructed in 1979 and underwent significant renovations in 2020. Currently, 46,675 square feet of space is available for lease, ideal for a variety of manufacturing or flex uses. The property sits on a generous 5.27-acre lot and is zoned LI, offering ample room for expansion or outdoor storage. The building features two loading docks and one drive-in door, ensuring efficient loading and unloading operations. Parking is readily available with 200 spaces provided on-site. The property's location in Bay County, Florida, provides easy access to major transportation routes, making it an attractive location for businesses needing convenient logistics. This multi-tenant building offers a blend of modern updates and functional design, making it a compelling option for businesses seeking a versatile and well-maintained industrial space in a thriving Florida market. The zip code is 32401.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1979
Construction STEEL FRAME
Total area 80,678 SF
Lot 2.01 ac (87,599 SF)
Zoning code PC11
APN 18054-030-000
UPID US18-4669255
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
Current use
Occupant on record · Public records
  • Acentria Insurance Insurance Agency
  • Northwest Florida Signs - Sign Company, Custom Indoor & Outdoor Signage (Bike/Boat/Book/etc) Store Printing Service
  • Floriopolis Gutter Solutions Hardware & Home Improvement General Contractor
  • The News Herald Publishing House Newspaper & Magazine
  • Warner Law Firm, P.A. Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.65M
Blend (final) Blend
$4.76M
Owner & transaction history
Burlington Investments LLC · 8 yrs held
Burlington Investments LLC
since 2017
4 recorded transactions
2017
$6.2M
2013
$5.0M
2012
$5.0M
1969
Price N/A
Zoning & alternative use
PC11 · Panama City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $7.3M +15.3%
Retail stores $7.1M +11.9%
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More about this property
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