Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    000 Highway 231 Panama City, FL 32404

    • Specialty properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 000 Highway 231

    Property type
    Specialty properties

    Description

    This exceptional 10-acre commercial property, situated directly on Highway 231 in Panama City, Florida, presents a remarkable investment opportunity. The expansive lot size of 435,600 square feet ensures ample space for a wide range of commercial developments. Its strategic location on Highway 231 guarantees exceptional visibility and exposure to a high volume of daily traffic, maximizing potential for business success. The property is zoned for commercial use, offering flexibility for various ventures. The asking price is $300,000. Located in Bay County, Florida, with a zip code of 32404, this property boasts a prime location in Panama City, offering easy access to major transportation routes and a thriving local economy. The coordinates are 30.1973686 latitude and -85.4994192 longitude. This is a rare chance to acquire a significant commercial parcel in a high-traffic area with immense potential for growth and return on investment. Don't miss this opportunity to secure a prominent location for your business or investment portfolio. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.4994
    Latitude
    30.1974

    Comparable in this City

    • Value Estimation
      $220,000
      3.30 Acres

      Ww St

      FUNERAL HOME • 3.30 Acres
      Ww St, Panama City, FL 32404
      View Details
    • Value Estimation
      $215,000
      3,561 SF

      4035 15th St

      CREMATORIUM, MORTUARY • 3,561 SF
      4035 15th St, Panama City, FL 32404-5862
      View Details
    • Value Estimation
      $220,000
      9.00 Acres

      Hwy 22a

      FUNERAL HOME • 9.00 Acres
      Hwy 22a, Panama City, FL 32404
      View Details
    • Value Estimation by Request
      104,544 SF

      2.4 Acres Airway St

      Specialty properties • 104,544 SF
      0 2.4 Acres Airway St, Panama City, FL 32404
      View Details
    • Value Estimation by Request
      217,800 SF

      00 Hwy 22 & Hwy

      Specialty properties • 217,800 SF
      00 Hwy 22 & Hwy, Panama City, FL 32404
      View Details
    • Value Estimation
      $235,000
      4.80 Acres

      Transmitter Rd

      FUNERAL HOME • 4.80 Acres
      Transmitter Rd, Panama City, FL 32404
      View Details

    Similar Nearby for Sale

    • $720,000
      4,004 SF

      Prime Panama City Daycare Investment

      Fully Leased, 4,004 SF, High Returns
      5311 Highway 22, Panama City, FL 32404
      View Details
    • $280,000

      Prime Panama City Commercial Land

      64,904 SF Bayside Commercial Lot
      000 Poston Rd, Panama City, FL 32404
      View Details
    • $240,000

      Panama City Waterfront Lot

      Build Your Dream Home on the Bay!
      909 Anchor Ct, Panama City, FL 32404
      View Details
    • $180,000

      Move-in Ready Panama City Townhome

      Two-bed, 1.5-bath townhome near Tyndall Air Force Base.
      209 N Kimbrel Ave, Panama City, FL 32404
      View Details
    • $280,000

      Highway 231 Commercial Land - Panama City, FL

      Prime 3.12-Acre Commercial Lot - Reduced Price!
      7409 Hwy 231 Hwy, Panama City, FL 32404
      View Details
    • $675,000
      5,010 SF

      Lake Martin Waterfront Property

      Unique 5,010 SF Special Purpose Building
      4820 Lakewood Dr, Panama City, FL 32404
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      21,184 SF

      Panama City Commercial Space

      21,184 sq ft, Mixed-Use Potential
      5420 Hickory St, Panama City, FL 32404
      View Details
    • $16 SF/Yr
      4,004 SF

      Renovated Commercial Building Near Tyndall AFB

      Versatile 4,004 SF building suitable for daycare or professional uses.
      5311 Highway 22 E, Panama City, FL 32404
      View Details
    • $2,400,000
      20,000 SF

      Versatile Panama City Office Asset

      20,000 SF office building with flexible floorplate and ample parking.
      230 N Tyndall Pkwy, Panama City, FL 32404
      View Details
    • $3,500 /Mo

      Versatile Commercial Space Near Highway

      Flexible leasing options ideal for various business needs.
      6804 Bayou George Dr, Panama City, FL 32404
      View Details
    • $2,500 /Mo
      1,552 SF

      Callaway Office/Retail Space For Rent

      Well-appointed commercial space on Tyndall Parkway, Callaway, FL.
      717 S Tyndall Pkwy, Panama City, FL 32404
      View Details
    • $1,000 /Mo

      Land For Rent Panama City

      Land available for rent in Panama City, Florida.
      2355 Transmitter Rd, Panama City, FL 32404
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    000 Highway 231
    Panama City, FL 32404
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.