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    Highway 231 Panama City, FL 32404

    For Sale
    $199,500

    COMMERCIAL - Panama City, FL

    Lot size:
    1.35 Acres
    Days on Market:
    51
    Last Refresh:
    Dec 13 at 6:06 am

    Property Features for Highway 231

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    05560-000-000
    Lot size
    1.35 Acres

    Keller Williams Success Realty (850) 249-0313 [email protected]

    Listing agent Melany Hathcock (850) 233-7926 License #SL3462926

    Listing date Oct 24, 2025

    MLS# 777226 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

    Prime Commercial Land on Highway

    This commercial property offers over 1.3 acres of land situated on Highway 231 in Panama City, Florida. The location benefits from high visibility, with an average daily traffic of approximately 27,000 vehicles based on the 2023 AADT. The property is located next to a general store, potentially increasing public attention. This site may be suitable for various business ventures, benefiting from the high traffic volume.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.53224
    Latitude
    30.267294

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    FAQs

    What type of property is this?
    Commercial land - 1.35 acres of commercial land with high traffic visibility.
    Where is this commercial land located?
    The property is located at Highway 231 Panama City, FL.
    What is the asking price?
    The asking price for this property is $199,500.
    What are key features of this property?
    This property features: - High traffic location on HWY 231 with approximately 27,000 vehicles daily.; - Over 1.3 acres of prime commercial real estate.; - High visibility for business advertisement.
    (850) 233-7926
    Request Owner's contact information
    Highway 231 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
    Highway 231 Panama City, FL 32404
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