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    211 W 15Th St Panama City, FL 32401

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    For Sale
    $525,000

    1.2 acre commercial site with rebuild plans available.

    Property size:
    4,500 SF
    Lot size:
    1.23 Acres

    Property Features for 211 W 15Th St

    General Information

    Standard status
    Active
    Size
    4,500 SF
    Lot size
    1.23 Acres

    Building Details

    Year built
    1980

    Source: PORTFOLIO REAL ESTATE AND MANAGEMENT GROUP Agent JOHN S GARY

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

    Overview

    Prime Commercial Development Opportunity

    This 1.2-acre commercial development opportunity comprises three parcels. Building #1 is approximately 3,000 square feet with an approximate height of 18 feet, and Building #2 is approximately 1,500 square feet, complemented by a paved parking area. Some improvements sustained storm damage, and partial repairs have been completed. Surveys and certified engineered plans are available for the rebuild of building #1. No value is assigned to the building located at 1451 Jenks Ave, as the Florida Department of Transportation (FDOT) acquired part of the building for right of way expansion. The current tenant is relocating, and the building is anticipated to be demolished. The current zoning does not permit any residential uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FIRST CHOICE AUTO ... Auto Repair Shop Jamrock Auto Sales ... Used Car Dealer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Clothing Store Auto Repair Shop Skin Care Clinic Accounting Firm Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.9339086
    Latitude
    30.2464754

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    FAQs

    What type of property is this?
    Commercial land - 1.2 acre commercial site with rebuild plans available.
    Where is this commercial land located?
    The property is located at 211 W 15Th St Panama City, FL.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - 1.2 Acre Commercial Development Opportunity / Retail Site; - Includes 3 Parcels (18373-000-000, 18373-000-000, 18374-000-000); - Building #1: Approximately 3,000 Sq Ft and 18' High
    (850) 588-8897
    Request Owner's contact information
    211 W 15Th St Panama City, FL 32401
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    211 W 15Th St
    Panama City, FL 32401
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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
    211 W 15Th St Panama City, FL 32401
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