4
Map
0 Us-231 Highway
About This Property
Approximately .91 acre. High and dry!!!!
Listed By
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 8, 2026 | Price Decreased |
$42,000
↓ $5M
(99.2%) | |
| Price Decreased | |||
| May 20, 2026 | Listed by Think Real Estate | $5,200,000 | |
| Listed by Think Real Estate | |||
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323 RAW ACREAGE AVAILABLE - Discover an exceptional development opportunity with approximately 323 acres strategically located along Highway 231. Zoned commercial/agriculture and offering multiple access points from the highway, this expansive property provides flexibility for a variety of potential uses. Its highest and best use may be a thoughtfully planned single-family residential community, with ample space to create a neighborhood that balances convenience, privacy, and Northwest Florida's natural surroundings. Located just a few miles from the busier areas of town and within convenient driving distance of the area's beautiful beaches, this property offers the accessibility today's buyers want while maintaining plenty of room to grow. A rare opportunity for developers and investors seeking substantial acreage in the path of future growth. Buyer to verify zoning, land use, access, utilities, environmental conditions, and development potential.
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| Mar 28, 2025 | Listed by CENTURY 21 Ryan Realty Inc | $45,000 | |
| Listed by CENTURY 21 Ryan Realty Inc | |||
| Jan 2, 2024 | No longer available | - | |
| No longer available | |||
| Jan 7, 2023 | Listed by Counts Real Estate Group Inc | $8,500 | |
| Listed by Counts Real Estate Group Inc | |||
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Experience and enjoy the surrounding nature firsthand on this gorgeous lot on HWY 231 only 22 min to downtown Panama City, while maintaining your sense of seclusion and privacy, you will also find National Parks, historical sites, and The beautiful Emerald Coast Beaches in close proximity.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017