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    1611 Transmitter Rd Panama City, FL 32404

    For Sale
    $189,990

    0.42-acre light industrial lot near Highway 98.

    Lot size:
    0.42 Acres

    Property Features for 1611 Transmitter Rd

    General Information

    Standard status
    Active
    Lot size
    0.42 Acres

    Source: PROTHRO REAL ESTATE & ASSOCIATES Agent LEIGH HAWKINS

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

    Overview

    Cleared Lot on Transmitter Road

    This approximately 0.42-acre lot offers a development opportunity near the intersection of Transmitter Road and Highway 98. Zoned light industrial, the property is surrounded by established commercial businesses and a new townhome community. A nearby high-traffic service station contributes to the area's local and commuter activity. The lot is cleared, fully fenced, and includes an existing concrete slab, which can be incorporated into a new buildout or removed. The property is suitable for retail, service, or mixed-use development in a high-traffic corridor. The daily average traffic count recorded in 2024 was 6500.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel Auto Parts 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
    -85.6081447
    Latitude
    30.1772831

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    FAQs

    What type of property is this?
    Commercial land - 0.42-acre light industrial lot near Highway 98.
    Where is this commercial land located?
    The property is located at 1611 Transmitter Rd Panama City, FL.
    What is the asking price?
    The asking price for this property is $189,990.
    What are key features of this property?
    This property features: - High-traffic location on Transmitter Road and Highway 98 with 6500 daily average traffic count (2024).; - Zoned light industrial, suitable for retail, service, or mixed-use development.; - Cleared and fully fenced 0.42-acre lot ready for development.
    (850) 628-4709
    Request Owner's contact information
    1611 Transmitter 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
    1611 Transmitter Rd Panama City, FL 32404
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