1101-8730 Thomas Dr, Panama City Beach, FL 32408
Fully built-out end unit with abundant windows, on-site parking, and close proximity to the beach in St. Thomas Square.
- Added:
- Mar 24, 2026
- Days on Market:
- 87
- Last Refresh:
- Jun 16 at 3:32 am
Property Features for 1101-8730 Thomas Dr
General Information
- Standard status
- Active
- Size
- 2,482 SF
Listing agent Cliff Glansen License #278017259 (954) 965-3990
Listing office FLATFEE.COM (954) 965-3990
Listing date Mar 24, 2026
Source Exprealty
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HighLights
- 2,482 SF ground‑floor end unit commercial condo in St. Thomas Square
- Fully built‑out with an abundance of windows for natural light throughout the space
- End‑unit positioning offers enhanced exposure and additional signage opportunities
- Ample on‑site parking for customers and employees
- Close to the beach—about 2 blocks away
- Suitable for medical, retail, or professional office use
Overview
The property sits along a desirable commercial corridor in Panama City Beach, with easy access for customers and employees. It is approximately two blocks from the beach and is served by ample on-site parking. The center is described as having long-established neighboring tenants, and the area is seeing ongoing new development.
This condo is a practical fit for businesses seeking an adaptable, street-level location for medical, retail, or professional office use. The end-unit configuration and windowed layout can support client-facing environments that rely on visibility and comfort, while the on-site parking offers a straightforward customer experience. For owners or operators looking to secure a flexible commercial footprint within an established retail and service setting, this built-out ground-floor unit provides a ready-to-occupy option.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.0k | $28.20 |
| − Vacancy | −$14.3k | −$5.78 |
| EGI | $55.6k | $22.42 |
| − OpEx | −$13.9k | −$5.60 |
| NOI | $41.7k | $16.81 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Panama City Beach
- County
- Bay
- State
- Florida
- Longitude
- -85.759994
- Latitude
- 30.172932
