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    Fl-22 Panama City, FL 32404

    For Sale
    $2,100,000

    26.84 Acres, Prime Callaway Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 26.84-acre commercial and residential development opportunity is situated in Callaway, Florida, offering direct frontage on Highway 22. The property boasts a prime location, less than three miles from Highway 98/Tyndall Parkway, and is adjacent to the Callaway Sports Complex. Numerous production-built communities are in close proximity, indicating strong existing residential demand. The site benefits from the availability of municipal utilities. This land presents a unique investment prospect fueled by the substantial growth in Callaway, driven by the $5.2 billion redevelopment of Tyndall Air Force Base – the largest MILCON project in Air Force history. The average household income within a one-mile radius is $91,000, suggesting a strong potential market for residential and commercial development. The property's APN is 06617-050-000. This is a rare chance to capitalize on the burgeoning growth in this area. The asking price for this expansive parcel is $2,100,000.

    Property Features for 0 Fl-22

    General Information

    Property type
    Land
    Lot Size
    1,169,150 SF

    HighLights

    • High‑visibility location with direct frontage on Highway 22.
    • Adjacent to the Callaway Sports Complex.
    • Surrounded by established residential communities.
    • Municipal utilities readily available.
    • Conveniently located less than 3 miles from Highway 98/Tyndall Parkway.
    • Strong demographics with an average household income exceeding $91,000 within a one‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.541594036984
    Latitude
    30.152818984185

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    FAQs

    What type of property is this?
    Land - 26.84 Acres, Prime Callaway Location
    Where is this land located?
    The property is located at Fl-22 Panama City, FL.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: High-visibility location with direct frontage on Highway 22.; Adjacent to the Callaway Sports Complex.; Surrounded by established residential communities.
    (850) 249-2879
    Request Owner's contact information
    Fl-22 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
    Fl-22 Panama City, FL 32404
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