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    7731 Highway 231 N Panama City, FL 32404

    For Sale
    $225,000

    COMMERCIAL - Panama City, FL

    Lot size:
    1.38 Acres
    Days on Market:
    11
    Last Refresh:
    Dec 12 at 10:06 pm

    Property Features for 7731 Highway 231 N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    05636-028-000
    Lot size
    1.38 Acres

    Utilities

    Sewer type
    Public Sewer

    Neubauer Real Estate, Inc. ERA (850) 785-1551 [email protected]

    Listing agent Tom S Neubauer (850) 785-1581 License #0136841

    Listing date Dec 2, 2025

    MLS# 714331 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

    Corner Commercial Land Panama City

    This 1.38-acre corner commercial land is located across from the intermodal distribution center on Highway 231 at the corner of Morningside Drive, adjacent to a new residential subdivision. The property benefits from a traffic count of 27,500 AADT and is situated in a rapidly growing area just north of a planned 6-lane enhancement project on Highway 231. The owner has cleared the land and added fill, making it shovel-ready. According to County GIS data, the elevation is 55-60 feet above sea level. The site is exactly 10 miles from the intersection of Highway 231 and Highway 77. Additional adjoining parcels are available, including two others of equal size, totaling 600 feet and 4.1 acres, and another 12.4 acres, on the fringe of new industrial development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Gym & Fitness Pharmacy Department Store Kitchen & Bath Food Market Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.519134
    Latitude
    30.276341

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    FAQs

    What type of property is this?
    Land - Corner lot near intermodal center, shovel-ready for commercial development.
    Where is this land located?
    The property is located at 7731 Highway 231 N Panama City, FL.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - High-traffic corner lot with 27,500 AADT and growing, directly across from an intermodal distribution center on Hwy 231.; - Shovel-ready condition with clearing and fill completed by the owner.; - Located in a rapidly growing area 10 miles from the intersection of Hwy 231 and Hwy 77, near a planned 6-lane highway enhancement project.
    (850) 785-1581
    Request Owner's contact information
    7731 Highway 231 N 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
    7731 Highway 231 N Panama City, FL 32404
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