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Property profile & analytics
OFF-MARKET
Commercial real estate

1828 Sherman Ave Panama City, FL 32405

Property ID
US18-9226656
Property summary
AI-generated overview

This exceptional 47,655 square foot vacant commercial land parcel is situated at 1828 Sherman Avenue in Panama City, Florida, zip code 32405. Zoned for General Commercial use, this property presents a significant opportunity for developers and businesses seeking expansion. The lot's size offers ample space for a variety of commercial projects. Its strategic location provides excellent visibility and accessibility, contributing to its high potential. Data from 2021 indicates an average daily traffic count of approximately 4,300 vehicles, underscoring the significant potential for customer traffic and business success. The property is located in Bay County, Florida, and its coordinates are 30.1795898 latitude and -85.6327836 longitude. The asking price for this prime commercial land is $240,000. This represents a compelling investment opportunity in a thriving area with strong potential for future growth and return. Don't miss this chance to acquire a highly desirable commercial property in a prime Panama City location.

Property profile
Verified
Property type Commercial real estate
UPID US18-9226656
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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