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    4622 Cherokee Heights Rd Panama City, FL 32404

    For Sale
    $13,250,000

    Prime 50-acre commercial land, ideal investment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    Exceptional 50-acre commercial land opportunity in Panama City, Florida, listed at $13,250,000. This unique property boasts 2,075,198.4 square feet and is zoned AG2, offering diverse development potential. Built in 2015, the land includes existing structures with a combined 18,000 square feet of roof coverage, featuring 9 bedrooms, a 20x60 screened porch, and three ponds. Infrastructure includes a deep well with a 5HP pump, six oversized stalls, an equipment barn with custom cabinets and 10-foot ceilings, and even a chicken coop and horse stalls. The property's main structures are built with high-quality materials, including 2x6 framing, 16-inch commercial tile, and substantial roof, ceiling, and wall construction. Its location offers both seclusion and convenient proximity to Panama City and the beaches of Panama City Beach. This rare, breathtaking property presents a remarkable investment opportunity. The address is 4622 Cherokee Heights, Panama City, FL 32404.

    Property Features for 4622 Cherokee Heights Rd

    General Information

    Property type
    Land

    Building Details

    Year Built
    2015

    HighLights

    • $13,250,000 asking price.
    • 2,075,198.4 square foot lot.
    • Located at 4622 Cherokee Heights, Panama City, FL 32404.
    • Zoned AG2.
    • Features existing structures including horse stalls, chicken coop, and multiple ponds.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Wholesale Shop Auto Parts Store Accounting Firm Storage Facility Convenience Store Travel Agency Plumbing Service Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.564528
    Latitude
    30.23198

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    FAQs

    What type of property is this?
    Land - Prime 50-acre commercial land, ideal investment.
    Where is this land located?
    The property is located at 4622 Cherokee Heights Rd Panama City, FL.
    What is the asking price?
    The asking price for this property is $13,250,000.
    What are key features of this property?
    This property features: $13,250,000 asking price.; 2,075,198.4 square foot lot.; Located at 4622 Cherokee Heights, Panama City, FL 32404.
    Request Owner's contact information
    4622 Cherokee Heights Rd 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
    4622 Cherokee Heights Rd Panama City, FL 32404
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