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    Wallace Rd Panama City, FL 32404

    Pending
    For Sale
    $63,000

    LAND - Panama City, FL

    Lot size:
    0.48 Acres
    Days on Market:
    123
    Last Refresh:
    Dec 13 at 5:06 am

    Property Features for Wallace Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    07261-000-010
    Lot size
    0.48 Acres

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

    Listing agent Tina Lamonica (850) 270-4200 License #BK3432425

    Listing date Aug 13, 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

    Panama City Land Opportunity

    This property is a lot measuring just under 0.48 acres, located in Panama City, Florida. The property is zoned R-9, allowing for division into lots at least 50 feet wide, with 5-foot side setbacks and a 15-foot rear setback. This zoning is suitable for multiple homesites or a single residential construction. Water and sewer utilities are available at the street. The location provides access to Tyndall Air Force Base, Gulf beaches, local dining, shopping, and entertainment options. The Callaway area is experiencing development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.578411
    Latitude
    30.123438

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    FAQs

    What type of property is this?
    Land - Under half-acre lot zoned R-9 in growing Callaway area.
    Where is this land located?
    The property is located at Wallace Rd Panama City, FL.
    What is the asking price?
    The asking price for this property is $63,000.
    What are key features of this property?
    This property features: - Just-under 1/2 acre lot zoned R-9, allowing for subdivision into multiple homesites.; - Located in Callaway, one of Bay County's fastest-growing areas.; - Close proximity to Tyndall Air Force Base.
    (850) 270-4200
    Request Owner's contact information
    Wallace Rd 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
    Wallace Rd Panama City, FL 32404
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