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    Ready-to-Build Corner Home Lot Title is generated by Realmo AI

    525 Bayou Avenue, Panama City, FL 32401

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    Claim this Listing
    For Sale
    $45,500

    LAND - Panama City, FL

    Lot size:
    0.25 Acres
    Added:
    Sep 16, 2025
    Days on Market:
    262
    Last Refresh:
    Jun 4 at 11:06 pm

    Property Features for 525 Bayou Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Mobile Home, Resid Single
    Standard status
    Active
    APN
    23044-000-000
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    11 4S 14W-41- BEG 655' S & 259' W OF NE COR TH W 110' S 100' E 110' N 100' TO POB ORB 4223 P 1914
    Tax Annual Amount
    4653

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Ricky A Fannin

    Listing agent Ricky A Fannin License #3308077

    Listing office HomeBiz Properties 15890 331 Business #7, Freeport, FL

    Listing date Sep 16, 2025

    MLS# 985502 Listing URL

    Copyright © 2026 Emerald Coast 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.

    HighLights

    • Ready‑to‑go corner lot (.25 acre) cleared for easy access and construction.
    • City water, sewer, and power already in place, saving on utility connection costs.
    • No HOA fees.
    • Ideal for building a dream home or placing a manufactured home.
    • Convenient neighborhood location close to local amenities, shopping, and schools.
    • Suitable for a home or investment project.

    Overview

    This is a ready-to-build corner lot suitable for constructing a home or placing a manufactured home. The property has been recently cleared and bush hogged for easier access and future construction. With city water, sewer, and power reportedly already in place, you can move forward without waiting on utility connections.

    The lot is positioned at the corner of Bayou Avenue and E 6th Street in a neighborhood setting. It is located in Panama City, within Bay County, Florida. The listing notes the convenience of being close to local amenities, shopping, and schools.

    For buyers looking for a residential building site with utilities available and a cleared, build-ready footprint, this parcel offers a straightforward path to development. The property is described as having no HOA, which may simplify planning and ongoing ownership. Zoning is listed as “Mobile Home, Resid Single,” supporting both manufactured home placement and single-family residential use, subject to applicable local requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.6089
    Latitude
    30.158456

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    FAQs

    What type of property is this?
    Residential land & home lot - Corner residential lot with utilities available, cleared for access, and no HOA.
    Where is this residential land & home lot located?
    The property is located at 525 Bayou Avenue Panama City, FL.
    What is the asking price?
    The asking price for this property is $45,500.
    What are key features of this property?
    This property features: Ready‑to‑go corner lot (.25 acre) cleared for easy access and construction.; City water, sewer, and power already in place, saving on utility connection costs.; No HOA fees.
    (850) 974-1700
    We can help!
    Listing Contact
    Ricky A Fannin
    Real Estate License ID: 3308077
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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.

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