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    8700 Tower Rd Panama City, FL 32404

    • Land
    • 19.17 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 8700 Tower Rd

    Lot size
    19.17 lot acres
    Property type
    Land

    Description

    This exceptional 19.17-acre property in Panama City, Florida, presents a unique investment opportunity. Located at 8700 Tower Rd, Bay County (zip code 32404), this land boasts five contiguous parcels, all zoned R-3, allowing for diverse development options. The main parcel, encompassing 9.2 acres, offers significant highway frontage on Highway 231 and includes a currently leased billboard generating $1,500 annual income. The remaining four parcels range in size from approximately 2.45 to 2.54 acres each, providing flexibility for various residential projects. Permitted uses include single-family homes, mobile homes, and duplexes, subject to Bay County approvals. The property's APN is 03834-040-000. All acreage 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
    -85.4759
    Latitude
    30.3065

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    8700 Tower Rd
    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
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