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    Panama City Beach Land Parcel Title is generated by Realmo AI

    201 Trieste Boulevard, Panama City Beach, FL 32407

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    Claim this Listing
    For Sale
    $240,000

    LAND - Panama City Beach, FL

    Lot size:
    1.11 Acres
    Added:
    Jan 29, 2025
    Days on Market:
    466
    Last Refresh:
    May 10 at 9:06 pm

    Property Features for 201 Trieste Boulevard

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    32731-270-000
    Lot size
    1.11 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    TRIESTE PH 2 15 3S 16W 37A LOT 70 ORB 4734 P 994
    Tax Annual Amount
    2535

    Utilities

    Sewer type
    Public Sewer
    Water front
    1

    We can help!

    Listing Contact
    Richard Gheesling
    Richard Gheesling

    Listing agent Richard Gheesling License #3041644

    Listing office AMERICAN REALTY of Bay Co, Inc 203 N Hwy 79 Suite A, Panama City Beach, FL

    Listing date Jan 29, 2025

    MLS# 767878 Listing URL

    Copyright © 2026 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.

    HighLights

    • Almost 2 acres of land on Panama City Beach, including a 1.11‑acre lot with an additional 0.86‑acre preservation area.
    • Located in Trieste, a gated community with Mediterranean‑style homes and paver driveways.
    • Adjacent to Legacy Golf Course and close to Pier Park and Topgolf.
    • Only 1 minute to Gayle's Trails for walking and biking.
    • Includes a preservation area, offering a private nature reserve with wildlife.
    • Level lot in flood zone X, ready for building.

    Overview

    This property features approximately 1.11 acres of land in the gated community of Trieste, complemented by an additional .86-acre preservation area, totaling almost 2 acres. Trieste is known for its Mediterranean-styled homes and paver driveways. The level lot is situated in flood zone X and is ready for construction. Located on the north side of Colony Club and adjacent to the Legacy Golf Course, the property offers proximity to Pier Park and Topgolf. Gayle's Trails, ideal for walking and biking, is just a minute away. The additional preservation area provides a natural reserve for observing birds, deer, and other wildlife.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City Beach
    County
    Bay
    State
    Florida
    Longitude
    -85.8419832
    Latitude
    30.2229951

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    FAQs

    What type of property is this?
    Land - Almost 2 acres of land in gated Trieste community.
    Where is this land located?
    The property is located at 201 Trieste Boulevard Panama City Beach, FL.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: Almost 2 acres of land on Panama City Beach, including a 1.11‑acre lot with an additional 0.86‑acre preservation area.; Located in Trieste, a gated community with Mediterranean‑style homes and paver driveways.; Adjacent to Legacy Golf Course and close to Pier Park and Topgolf.
    (850) 624-1176
    We can help!
    Listing Contact
    Richard Gheesling
    Richard Gheesling
    Real Estate License ID: 3041644
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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