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Bay 32413
7843 Random Road
$60,000
● Land - Off Market

7843 Random Road

Panama City Beach, FL 32413
bedrooms
Studio
bathrooms
0 Bath
$407
Est. Monthly

About This Property

Historic West Bay, creek front, 75x200 building lot, close to the boat ramp, fishing, 15 minutes to Pier Park and the Gulf, 15 minutes to the airport, quiet, secluded, and close enough to everything you need for a primary residence, second home or investment property. Margaritaville is 4 minutes away with plenty of future growth coming to the West Bay area. Kayak, paddleboard from your backyard to Intracoastal Waterway, just a few minutes away! RV, boating, fishing, live life without the crowd and the cost! Come visit today.
Unit Size
-
Days on Market
-
Land Size
0.34 acres
Price per sqft
-
Property Type
Land
Property Taxes
$38
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 2 years ago (ECAR MLS #914838)

Price History

Date / Event Date Event Price
Nov 15, 2024 Sold
Premium
Sold
Mar 11, 2022 Listed by Counts Real Estate Group Inc $75,000
Listed by Counts Real Estate Group Inc

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,984
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000000344
  • Standard Land Use Code: 8000
  • County Land Use Code: 00
  • State Land Use Code: 00
  • Legal Description 1: 28 2S 16W -7.1- 35B BEG 1320 W OF NE COR LOT 2 E 35TO CTR CO RD FOR POB SWLY 75 ON C. L. RW E 180 TO CTR OF CRK NELY ON CRK C. L. TO PT W 225 TO BEG ORB 495 P 729 L ORB 3298 P 1684

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 000204

Zoning

  • Zoning: BC16

Geography

  • Parcel: 32625-000-000
  • Lot: 2
  • Meridian: SEC 28 TWN 02S RNG 16W
  • Municipality: FIRE COUNTY MOSQUITO
  • Latitude: 30.295
  • Longitude: -85.8503

    Address

  • Full Address: 7843 Random Rd
  • Address - House Number: 7843
  • Address - Street Name: Random
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Panama City Beach
  • Carrier Code: R009
  • 4-Digit Zip Code: 9506
  • Zip Code: 32413

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $52,239
  • Tax Rate Code Area: 055

    Market Valuation

  • Market Total Value: $41,715
  • Market Land Value: $41,715

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,715
  • Assessed Land Value: $41,715
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Bay

Stats & Trends

Median Asking:

$395,000

Sale Price/ft²

$247

Below Asking

0.02%

Average Days on Market

85

Average Home Size

1144 ft²

Average Home Age

25 years

Currently For Sale

3614 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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ECAR

Listed by: Bubba McCants, Counts Real Estate Group Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 914838
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 7843 Random Road built and last sold?
The property at 7843 Random Road was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 7843 Random Road is $0.
What are some comparable homes to 7843 Random Road?
There are currently no comparable homes to 7843 Random Road.
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