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    2367 N Sherman Ave Panama City, FL 32405

    For Sale
    $230,000

    COMMERCIAL - Panama City, FL

    Lot size:
    1.02 Acres
    Days on Market:
    55
    Last Refresh:
    Dec 6 at 3:06 am

    Property Features for 2367 N Sherman Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    12696-000-010
    Lot size
    1.02 Acres

    Think Real Estate (850) 890-6262 [email protected]

    Listing agent Justin Raley (850) 209-7505 License #SL3503448

    Listing date Oct 13, 2025

    MLS# 770270 Listing URL

    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

    Panama City Commercial Land Opportunity

    This is a development opportunity located in Panama City, Florida, featuring high and dry commercial land ready for development. The property includes 285+/- ft of frontage on Sherman Ave. It is zoned C3-A Commercial, making it suitable for multiple commercial uses. The property is partially cleared and is not located in a flood zone or wetlands area. A construction and engineering plan is already in place with a development order currently under review for a 5,400 SF warehouse/office with office and parking. The construction plan includes a site plan, grading plan, utility plan, stormwater management plan, erosion control, landscape plan, and construction details. The engineering and construction plan is optional but may convey to the buyer with an offer. The development plan is currently under review with Bay County, and no construction has been started. The lot size is 1.02 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.626186
    Latitude
    30.191539

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    FAQs

    What type of property is this?
    Commercial land - Development-ready commercial land with frontage on Sherman Ave in Panama City.
    Where is this commercial land located?
    The property is located at 2367 N Sherman Ave Panama City, FL.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: - Development-ready commercial land with **285+\/- ft of frontage on Sherman Ave.**; - No flood zone or wetlands.; - Construction and Engineering plan already in place for a **5,400 SF warehouse/office.**
    (850) 209-7505
    Request Owner's contact information
    2367 N Sherman Ave Panama City, FL 32405
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    Panama City, FL 32405
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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
    2367 N Sherman Ave Panama City, FL 32405
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