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    401 N Kimbrel Ave Panama City, FL 32404

    For Sale
    $8,000,000

    COMMERCIAL - Panama City, FL

    Lot size:
    16.54 Acres
    Days on Market:
    13
    Last Refresh:
    Dec 14 at 9:06 am

    Property Features for 401 N Kimbrel Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    06277-000-000
    Lot size
    16.54 Acres

    Coldwell Banker Realty (850) 814-0037 [email protected]

    Listing agent Catriese M Johnson (850) 234-6696 License #SL3431258

    Listing date Dec 2, 2025

    MLS# 754214 Listing URL

    Copyright © 2025 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.

    Overview

    Development-Ready Panama City Acreage

    This 16.54-acre parcel is located at 401 N Kimbrel Avenue in Panama City, Florida. Its location offers proximity to educational institutions, recreational areas, and employment hubs, including Tyndall Air Force Base. The R5-A zoning allows for the construction of up to 25 residences per acre, with a maximum allowable of 413 units. Pre-development work and permits have been issued for a potentially 400-unit multifamily development. The property is situated along Highway 22 and connects to Highway 98. Located outside the flood zone, the property is within a 30-minute drive to Panama City Beach and 15 minutes from Downtown Panama City. This site is suitable for a development tailored to accommodate professionals and their families, both civilian and military.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.583894
    Latitude
    30.154576

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    FAQs

    What type of property is this?
    Land - 16.54-acre parcel ideal for multi-family residential development.
    Where is this land located?
    The property is located at 401 N Kimbrel Ave Panama City, FL.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: - Development-ready 16.53-acre parcel zoned R5-A, allowing up to 25 residences per acre (max 413 units) for a significant multi-family project.; - Prime location in Panama City, close to Tyndall Air Force Base, educational institutions, recreational areas, and employment hubs.; - All pre-development work and permits have been issued, clearing the way for a potentially 400-door multifamily development.
    (850) 234-6696
    Request Owner's contact information
    401 N Kimbrel Ave 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
    401 N Kimbrel Ave Panama City, FL 32404
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