Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11Th St Panama City, FL 32404
    Back to Search
    Property profile & analytics

    11Th St, Panama City, FL 32404

    View on Map
    • Land
    • 0.98 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 11Th St

    Lot size
    0.98 lot acres
    Property type
    Land

    Description

    This exceptional 0.98-acre commercial land parcel presents a unique investment opportunity in Panama City, Florida. Located on the highly visible corner of E 11th St and Bob Little Rd, this property boasts excellent frontage and benefits from significant traffic counts of approximately 6,800 average annual daily traffic (AADT). Its strategic location offers unparalleled exposure for any commercial venture. The property is zoned FLU (General Commercial), allowing for a wide range of development possibilities. Its proximity to US 98, a major thoroughfare, ensures easy access and high traffic volume. Furthermore, the site is conveniently located near other established businesses and retail establishments, creating a synergistic environment for potential growth and profitability. The asking price for this prime commercial land is $125,000. The property's address is E 11th St, Panama City, FL 32404, within Bay County. This is an ideal location for businesses seeking high visibility and convenient access to major transportation routes. The 0.98-acre lot provides ample space for a variety of commercial developments, making it an attractive investment for both established businesses and new ventures. Don't miss this chance to secure a prominent location in a thriving commercial area.

    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
    -85.6067
    Latitude
    30.1676

    Comparable in this City

    • Value Estimation by Request

      00 Hwy 2297 & Hwy

      Land
      00 Hwy 2297 & Hwy, Panama City, FL 32404
      View Details
    • Value Estimation by Request
      1.67 Acres

      4636 County Rd

      Land
      4636 County Rd, Panama City, FL 32404
      View Details
    • Value Estimation by Request
      90.00 Acres

      00 Laird Point Dr

      Land
      00 Laird Point Dr, Panama City, FL 32404
      View Details
    • Value Estimation by Request
      80.00 Acres

      000 Highway 231

      Land
      000 Highway 231, Panama City, FL 32404
      View Details
    • Value Estimation by Request
      26.84 Acres

      Fl-22

      Land
      0 Fl-22, Panama City, FL 32404
      View Details
    • Value Estimation by Request
      80.00 Acres

      Highway 231

      Land
      0 Highway 231, Panama City, FL 32404
      View Details

    Similar Nearby for Sale

    • $57,900

      1.13 Acre Lot Opportunity

      1.13-acre property with potential for investors or homeowners.
      6805 Noel Rd, Panama City, FL 32404
      View Details
    • $2,500,000

      Hwy 231 Commercial Land Opportunity

      7.62 Acres, High Visibility, Prime Location
      000 Highway 231, Panama City, FL 32404
      View Details
    • Contact for pricing
      1.03 Acres

      Raw Land Panama City, FL

      One acre corner lot with electrical service at the street.
      B J Dr, Panama City, FL 32404
      View Details
    • $54,999

      Land for Sale

      Land available in Panama City, Florida.
      263 Wildwood Dr, Panama City, FL 32404
      View Details
    • $12,000,000

      Land Available on Hwy 2297

      Land for sale on Hwy 2297, Panama City, Florida.
      1025 Highway 2297, Panama City, FL 32404
      View Details
    • Contact for pricing
      0.75 Acres

      Vacant Land in Sandy Creek

      0.748-acre wooded parcel in the Sandy Creek area.
      25 4S 13W -1.1000A-, Panama City, FL 32404
      View Details

    Similar Nearby for Lease

    • $94,000

      Tyndall Pkwy Commercial Land Lease

      Cleared commercial land for lease on Tyndall Pkwy.
      1436 David Ave, Panama City, FL 32404
      View Details
    • $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
    • Contact for pricing

      Panama City Industrial Warehouse Space

      18,000 SF industrial warehouse with office and laydown yard.
      2325 Transmitter Rd, Panama City, FL 32404
      View Details
    • Contact for pricing

      Class B Office Building

      16,000 SF office building for sale or lease.
      210 North Tyndall Pkwy, Panama City, FL 32404
      View Details
    • $5,500 /Mo
      4,004 SF

      Renovated Office Space on Highway

      Modernized 4,004 SF building near Tyndall Air Force Base.
      5311 Highway 22 E, Panama City, FL 32404
      View Details
    • Contact for pricing
      1,000 SF

      Waterfront Office Park For Rent

      Four-building office park with waterfront views and convenient location.
      719 S Berthe Ave, 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.
    11Th St
    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

    Thank You for Inquiry
    11Th St, Panama City, FL, 32404
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!