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    1025 Highway 2297 Panama City, FL 32404
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    1025 Highway 2297 Panama City, FL 32404

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    • Waterfront Land
    For Sale
    $12,000,000
    View Listing →
    Waterfront Development Opportunity For Sale
    $12,000,000
    283.00 Acres

    Waterfront Development Opportunity

    Waterfront land with development potential near major employers.

    1025 Hwy 2297, Panama City, FL 32404
    View Listing
    Property ID
    US18-1701700
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Waterfront Land

    Property Details for 1025 Highway 2297

    Property type
    Waterfront Land
    Property subtype
    Residential land & home lots

    Description

    Waterfront Development Opportunity With Access to East Bay and the Gulf of Mexico. With Over 5,600' on Cook's Bayou the Property Has a Mixture of Oaks, Magnolia and Pines. +/- 150 Acres is Uplands Located on a Bluff Along the Waterfront. The Majority of the Uplands is Zone X or Outside of the 500 Year Flood Zone. The Property is Zoned Conservation Habitation With a Density of 2 Units Per Acre or 514 Units . An Upland Cut Marina With Slips, Residential Docks and Dredging Could Be Entitled as Part of the Development. Located Near Eastern Shipbuilding Recently Awarded a $10.5b Us Coast Guard Contract, 20 Minutes From Tyndall Afb and 1.5 Miles From the Gulf Coast Pkwy in the Fdot's 5 Year Plan to Connect Hwy 231 to Gulf County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.4986326
    Latitude
    30.1278928

    Comparable in this City

    • $295,000
      2.29 Acres

      Waterfront Land on Allanton Bluff

      2.29 acre waterfront lot in eastern Bay County.
      Hotelan Bluff Rd, Panama City, FL 32404
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    • $350,000
      1.46 Acres

      Waterfront Land Ready to Build

      Waterfront property, two parcels, nearly 1.5 acres, cleared and ready.
      6304 Ivy C Rd, Panama City, FL 32404
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    • $115,500
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      Waterfront Lot in Gated Community

      Half-acre waterfront lot in Laird Point, Panama City, Florida.
      709 Island Ct, Panama City, FL 32404
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    • $500,000
      1.67 Acres

      Waterfront Lot in Panama City

      Spacious waterfront lot with Gulf access in East Bay.
      Highway 2297, Panama City, FL 32404
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    • $55,900
      0.43 Acres

      Waterfront Lot in Gated Community

      Waterfront homesite in gated community near Emerald Coast beaches.
      923 Tidewater Ln, Panama City, FL 32404
      View Details
    • New
      $119,500
      1.40 Acres

      Waterfront Lot in Gated Community

      1.4 acre waterfront lot with deep water access.
      813 Vista Del Sol Ln, Panama City, FL 32404
      View Details

    Similar Nearby for Sale

    • $295,000
      2.29 Acres

      Waterfront Land on Allanton Bluff

      2.29 acre waterfront lot in eastern Bay County.
      Hotelan Bluff Rd, Panama City, FL 32404
      View Details
    • $350,000
      1.46 Acres

      Waterfront Land Ready to Build

      Waterfront property, two parcels, nearly 1.5 acres, cleared and ready.
      6304 Ivy C Rd, Panama City, FL 32404
      View Details
    • $115,500
      0.50 Acres

      Waterfront Lot in Gated Community

      Half-acre waterfront lot in Laird Point, Panama City, Florida.
      709 Island Ct, Panama City, FL 32404
      View Details
    • $500,000
      1.67 Acres

      Waterfront Lot in Panama City

      Spacious waterfront lot with Gulf access in East Bay.
      Highway 2297, Panama City, FL 32404
      View Details
    • $55,900
      0.43 Acres

      Waterfront Lot in Gated Community

      Waterfront homesite in gated community near Emerald Coast beaches.
      923 Tidewater Ln, Panama City, FL 32404
      View Details
    • New
      $119,500
      1.40 Acres

      Waterfront Lot in Gated Community

      1.4 acre waterfront lot with deep water access.
      813 Vista Del Sol Ln, Panama City, FL 32404
      View Details

    Similar Nearby for Lease

    • $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
    • $94,000

      Tyndall Pkwy Commercial Land Lease

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

      Highway Frontage Commercial Land

      3.12 acres of commercial land on U.S. Highway 231.
      7409 Highway 231 N, Panama City, FL 32404
      View Details
    • $4,500 /Mo
      2,272 SF

      Professional Office Building For Lease

      Standalone office building near Tyndall Parkway, suitable for professional uses.
      5618 Lilly St, Panama City, FL 32404
      View Details
    • $3,500 /Mo
      6,500 SF

      Versatile Commercial Space Off Highway

      Flexible leasing options near Highway 231, ideal for various businesses.
      6804 Bayou George Dr, 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
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    Panama City, FL 32404
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    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
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