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    115 N Kimbrel Ave Panama City, FL 32404

    For Sale
    $250,000

    MULTI_FAMILY - Panama City, FL

    Lot size:
    0.50 Acres
    Days on Market:
    43
    Last Refresh:
    Dec 12 at 6:06 pm

    Property Features for 115 N Kimbrel Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    06179-000-000
    Lot size
    0.50 Acres

    Building Details

    Year built
    1964
    Building materials
    Block, Concrete

    Beachy Beach Real Estate (850) 527-5651 [email protected]

    Listing agent K. Coralee King-Denmark (850) 233-4351 License #3240533

    Listing date Oct 31, 2025

    Copyright © 2025 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income-Generating Duplex with Expansion Potential

    This property features a duplex that is currently rented, generating a total of $1600 per week. The owner is responsible for all utilities and provides storage. There is also a mobile home on the property that is currently being used for storage only and is not habitable. The property is situated on a 0.5-acre lot zoned for up to 7 units per the City of Callaway. Previously, there were two mobile homes on the property that were rented prior to Hurricane Michael, and hookups are still available. The zoning allows for a mixture of duplexes, triplexes, quad units, or townhomes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.583002
    Latitude
    30.146273

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    FAQs

    What type of property is this?
    Duplex - Duplex in Panama City with potential for additional units.
    Where is this duplex located?
    The property is located at 115 N Kimbrel Ave Panama City, FL.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - High Rental Income: Current duplex generates $1600/week.; - Zoned for up to 7 units: Potential to add 5 more units for increased income.; - Large Lot: 1/2 acre provides ample space for expansion.
    (850) 233-4351
    Request Owner's contact information
    115 N Kimbrel Ave Panama City, FL 32404
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    Panama City, FL 32404
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    Realmo Value Estimation

    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.

    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.

    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
    115 N Kimbrel Ave Panama City, FL 32404
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