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    Property profile & analytics

    6513 Bayline Dr Panama City, FL 32404

    • Manufacturing properties
    • 30,833 SF
    • 3.31 lot acres
    For Sale
    View listing
    $10
    Last Sale
    Aug 25, 2022
    $2,200,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3325954
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • ArkTide / Association Or Organization
    • Sunshine Piping Inc / General Contractor / Construction Company

    Property Details for 6513 Bayline Dr

    Year built
    1990
    Construction
    STEEL FRAME
    Lot size
    3.31 lot acres
    Property size
    30,833 SF
    Zone code
    BC13
    Property type
    Manufacturing properties
    APN
    05635-500-010
    APU
    5635500010

    Description

    This exceptional industrial property at 6513 Bay Line Drive offers a total of 30,560 square feet of warehouse space, ideally suited for a single tenant. The property consists of two buildings: a primary structure of approximately 30,000 square feet and a separate, adjacent building of roughly 3,000 square feet. Situated on a 3.31-acre lot, the property is fully secured with an 8-foot chain link fence, ensuring the safety and security of your operations. Recently renovated in 2023, this warehouse boasts modern features and is ready for immediate occupancy. Its strategic location offers unparalleled access to major transportation arteries. The property is conveniently located near the Port Panama City Intermodal Distribution Center and US Highway 231, and is less than 25 miles from Interstate 10. This prime location provides easy connectivity to several key markets, including Panama City, Panama City Beach, Walton County, Destin/Niceville, and Tallahassee. The property's proximity to these transportation hubs and major population centers makes it an ideal location for businesses seeking efficient logistics and a strong market presence. The property's size and layout offer flexibility for a variety of industrial uses. This is a rare opportunity to secure a high-quality, well-located warehouse space in a thriving market. The property's features and location combine to create a compelling investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,815,000
      ML approach
      $1,895,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,816,000
      Market price range: $886k - $1.84M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,420,000
      Current use
      WAREHOUSE, STORAGE
      $2,405,000
      Change: -1% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.5231
    Latitude
    30.2659
    CBSA code
    37460
    CBSA name
    PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,962
    $107,575
    $1,390,708
    $1,498,283
    -
    $107,575
    $1,390,708
    $1,498,283

    Comparable in this City

    • Value Estimation
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      142,800 SF

      6824 Bay Line Dr

      MANUFACTURING (LIGHT) • 142,800 SF
      6824 Bay Line Dr, Panama City, FL 32404-4810
      View Details
    • Value Estimation
      $1,085,000
      18,360 SF

      2325 Transmitter Rd

      MANUFACTURING (LIGHT) • 18,360 SF
      2325 Transmitter Rd, Panama City, FL 32404-3156
      View Details
    • Value Estimation
      $810,000
      10,140 SF

      6528 Hwy 22

      MANUFACTURING (LIGHT) • 10,140 SF
      6528 Hwy 22, Panama City, FL 32404-9521
      View Details
    • Value Estimation
      $3,065,000
      46,635 SF

      6725 Bay Line Dr

      MANUFACTURING (LIGHT) • 46,635 SF
      6725 Bay Line Dr, Panama City, FL 32404-4809
      View Details
    • Value Estimation by Request
      5,992 SF

      730 Highline Dr

      MANUFACTURING (LIGHT) • 5,992 SF
      730 Highline Dr, Panama City, FL 32404-8234
      View Details
    • Value Estimation by Request
      3,997 SF

      4902 Hwy 98

      MANUFACTURING (LIGHT) • 3,997 SF
      4902 Hwy 98, Panama City, FL 32404-6831
      View Details

    Similar Nearby for Sale

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      33,000 SF

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      33,000 SF industrial property with easy highway access.
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    Similar Nearby for Lease

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    Panama City, FL 32404
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    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
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