11222 Hutchison Blvd Panama City Beach, FL 32407
Property profile & analytics
11222 Hutchison Blvd Panama City Beach, FL 32407
- Warehouses
- 85,348 SF
- 2.18 lot acres
Property ID
US18-7721787
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.
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 11222 Hutchison Blvd
- Year built
- 1994
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.18 lot acres
- Property size
- 85,348 SF
- Zone code
- PCB24
- Property type
- Warehouses
- APN
- 34809-900-030
- APU
- 34809900030
Description
This exceptional 0.33-acre commercial land parcel presents a remarkable development opportunity in Panama City Beach, Florida. Situated at the highly visible intersection of Hutchison Boulevard (Middle Beach Road) and Richard Jackson Boulevard, this property benefits from an average daily traffic count of approximately 22,000 vehicles. Its strategic location offers unparalleled exposure and accessibility, placing it less than one mile from Highway 98, a major thoroughfare. The site's proximity to a thriving mix of retail and residential areas further enhances its appeal. Adding to its desirability is the presence of Beckrich Business Park, a significant office complex boasting over 225,000 square feet of space, located just half a mile away on Richard Jackson Boulevard. This prime location provides excellent visibility and convenient access for potential businesses, making it an ideal site for a variety of commercial developments. The property is located at 11222 Hutchison Blvd, Panama City Beach, FL 32407, in Bay County. This single-tenant land parcel offers developers a unique chance to capitalize on the area's robust growth and high traffic volume. The 0.33-acre lot provides ample space for a variety of commercial ventures. Don't miss this opportunity to secure a prominent location in a flourishing market.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $10,775,000
- 6.5%
- $9,945,000
- 7%
- $9,235,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $8,296,000
- AI Estimate
- $6,297,000
Market price range: $3.05M - $11.5MMarket price range: $2.42M - $7.35M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $6,655,000 Current use
- RETAIL STORES
- $12,270,000 Change: +84% Conversion: Moderate
- MEDICAL BUILDING
- $10,130,000 Change: +52% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $6,700,000 Change: +1% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Panama City Beach
- County
- Bay
- State
- Florida
- Longitude
- -85.8172
- Latitude
- 30.1904
- CBSA code
- 37460
- CBSA name
- PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$68,706
$511,325
$5,665,818
$6,177,143
-
$511,325
$5,665,818
$6,177,143
