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    00 John Pitts Rd Panama City, FL 32404

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    For Sale
    $18,000,000

    Large acreage suitable for residential and commercial development near Highway 231.

    Property Features for 00 John Pitts Rd

    General Information

    Standard status
    Active

    Source: NAI TALCOR Agent ANDERSON J BROOKS

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Panama City Development Opportunity

    This approximately 1,946-acre property is located on Old Majette Tower Road and features 0.6 miles of frontage on John Pitts Road. Municipal utilities are available along John Pitts Road, adjacent to the Bay County-owned HG Harder's Park to the west. Zoned under Panama City Silviculture with a Future Land Use designation of Urban Community, the site is positioned for a large-scale residential and commercial development. Its access to Highway 231 facilitates commuting to the beaches of Panama City, Tyndall Air Force Base, and major transportation routes.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Wholesale Shop Auto Repair Shop Gym & Fitness Auto Parts Store Kitchen & Bath Accounting Firm Storage Facility HVAC Service Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.555281
    Latitude
    30.247893

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    FAQs

    What type of property is this?
    Land - Large acreage suitable for residential and commercial development near Highway 231.
    Where is this land located?
    The property is located at 00 John Pitts Rd Panama City, FL.
    What is the asking price?
    The asking price for this property is $18,000,000.
    What are key features of this property?
    This property features: - Large +/-1,946 acre property suitable for large-scale residential and commercial development.; - Future Land Use designation of Urban Community.; - Convenient access to Highway 231 for commuting to Panama City beaches and Tyndall Air Force Base.
    Request Owner's contact information
    00 John Pitts Rd 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
    00 John Pitts Rd Panama City, FL 32404
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