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    5122 11Th Ct Panama City, FL 32404

    For Sale
    $60,000

    Prime location, spacious lot, high potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property in Panama City, Florida, presents a unique investment opportunity. Located at 5122 E 11th Court, this 49,615 square foot lot is priced at $60,000. Its strategic location within a bustling area ensures convenient access and high visibility, attracting a steady stream of potential customers. The property's ample space allows for substantial construction, expansion, or ample parking, catering to diverse business needs. The area is experiencing rapid growth, surrounded by both commercial and residential developments, further enhancing its value and potential for return on investment. Essential utilities, including water, electricity, and sewage, are readily available, simplifying the development process. The property's commercial zoning provides flexibility for a wide range of business ventures, making it an ideal canvas for entrepreneurs and investors alike. This is a rare chance to acquire a significant parcel of land in a thriving Florida market, offering substantial potential for future growth and profitability. Don't miss this opportunity to secure a prime piece of Panama City real estate. The zip code is 32404.

    Property Features for 5122 11Th Ct

    General Information

    Property type
    Specialty properties

    HighLights

    • $60,000 asking price.
    • Special purpose property.
    • 49,615 square foot lot.
    • Located at 5122 E 11th Court, Panama City, FL 32404.
    • Situated in a rapidly developing commercial area with high traffic and customer potential.
    • Utilities available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.5947837
    Latitude
    30.1681413

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    FAQs

    What type of property is this?
    Specialty property - Prime location, spacious lot, high potential.
    Where is this specialty property located?
    The property is located at 5122 11Th Ct Panama City, FL.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: $60,000 asking price.; Special purpose property.; 49,615 square foot lot.
    Request Owner's contact information
    5122 11Th Ct 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
    5122 11Th Ct Panama City, FL 32404
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