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

    1515 Mlk Blvd Panama City, FL 32405

    • Land
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1515 Mlk Blvd

    Property type
    Land

    Description

    This exceptional .5-acre commercial land parcel, totaling 21,780 square feet, presents a remarkable development opportunity in Panama City, Florida. Strategically located at 1515 N MLK Blvd, this property boasts prominent frontage on Highway 77, offering excellent visibility and accessibility. Its proximity to the intersection of Highway 77 and 15th Street ensures high traffic volume and convenient access for potential businesses. The lot is already cleared, eliminating the need for costly site preparation, and is ready for immediate development. Detailed site plans reveal established setbacks of 15 feet in the front, 20 feet in the rear, and 5 feet on each side. The asking price for this prime commercial land is $170,000. All dimensions and measurements are approximate

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Bay
    State
    Florida
    Longitude
    -85.6506
    Latitude
    30.1763

    Comparable in this City

    • Value Estimation by Request
      3.77 Acres

      4604 Britton Rd

      Land • 3.77 Acres
      4604 Britton Rd, Panama City, FL 32405
      View Details
    • Value Estimation by Request

      000 19Th St

      Land
      000 19Th St, Panama City, FL 32405
      View Details
    • Value Estimation by Request

      1505 Fairy Ave

      Manufacturing properties
      1505 Fairy Ave, Panama City, FL 32405
      View Details
    • Value Estimation by Request
      13,208 SF

      1908 Danford Ave

      Land • 13,208 SF
      1908 Danford Ave, Panama City, FL 32405
      View Details
    • Value Estimation by Request
      6.24 Acres

      2300 23Rd St

      Land • 6.24 Acres
      2300 23Rd St, Panama City, FL 32405
      View Details
    • Value Estimation by Request

      2604 County Rd

      Restaurants
      2604 County Rd, Panama City, FL 32405
      View Details

    Similar Nearby for Sale

    • $2,695,000
      4.20 Acres

      Prime Panama City Commercial Land

      4.2 Acres, Two Buildings, High Traffic
      3407 Fl-77, Panama City, FL 32405
      View Details
    • $1,299,990
      6,308 SF

      Prime Panama City Commercial Land

      Acre+ Lot, 6,308 SF Building
      1304 19Th St, Panama City, FL 32405
      View Details
    • Contact for pricing
      0.78 Acres

      Panama City Commercial Land

      Prime development opportunity, flexible options.
      2015 23Rd St, Panama City, FL 32405
      View Details
    • $1,400,000
      1,000 SF

      Prime Panama City Commercial Land

      1-Acre+ Commercial Lot, $1.4M
      1046 23Rd St, Panama City, FL 32405
      View Details
    • $1,200,000
      0.98 Acres

      Panama City Commercial Land

      Prime Retail/Restaurant Land
      2105 Martin Luther King Jr Blvd, Panama City, FL 32405
      View Details
    • $700,000
      194,408 SF

      Prime Panama City Land - $700K

      4.4-Acre Vacant Land, Ideal Commercial Development
      2109 Industrial Dr, Panama City, FL 32405
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      101,930 SF

      Prime Panama City Commercial Land

      2.34 Acres, High Traffic Area, Mixed Use
      1904 Lisenby Ave, Panama City, FL 32405
      View Details
    • $5,417 /Mo
      101,930 SF

      Prime Panama City Commercial Lot

      2.34 Acres, Mixed-Use Zoning, High Traffic
      1904 Lisenby Ave, Panama City, FL 32405
      View Details
    • $490,000

      Panama City Industrial Site

      Centrally located industrial land near major thoroughfares and Panama City Beach.
      4023 W 24Th St, Panama City, FL 32405
      View Details
    • Contact for pricing

      Panama City Commercial Land Lease

      Commercial land available for ground lease in Panama City, Florida.
      2610 Martin Luther King Junior Blvd, Panama City, FL 32405
      View Details
    • $3,700 /Mo
      121,968 SF

      Cleared Commercial Land For Lease

      2.8 acres of vacant commercial land available for lease.
      2110 Industrial Dr, Panama City, FL 32405
      View Details
    • $0.18 SF/Yr
      480 SF

      Canal Avenue Warehouse Space

      Affordable Industrial Warehouse Units
      2629 Canal Ave, Panama City, FL 32405
      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.
    1515 Mlk Blvd
    Panama City, FL 32405
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    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.