Ground-Floor End-Unit Office
For Sale
$599,999
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.
Property Size2,482 SF
Price / SF$241.74
Days on Market133
Property Features for 1101-8730 Thomas Dr
General Information
Standard status
Active
Size
2,482 SF
Listing Agency:
Flatfee.com
(954) 965-3990
Listed By:
Cliff Glansen · License #707077
(954) 965-3990
Source:
Exprealty
Added: Mar 24
Changed: Jul 10
Last Checked: Jul 31 at 11:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Flatfee.com
Investment Insights
Based on property information with market context.
Located in St. Thomas Square, this ground-floor commercial condo is configured as an end unit, providing a bright interior with an abundance of windows and natural light. The space is fully built out for day-to-day operations and is positioned to benefit from additional exposure associated with end-unit placement, including signage opportunities.
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.
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.
Key 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
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 |
2,482 SF · lease $28.20/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$596.2K
$521.7K – $695.6K
NOI $41,733 @ 7.0% cap · market cap 6.96%
Second Best
Healthcare Medical
$495.8K
$433.8K – $578.5K
NOI $34,707 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$723.2K
$632.8K – $843.7K
NOI $50,622 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
Explore this area
Business Placement
Demographics for 32408, FL
17,479
Population
17,018
Households
1
Avg Household Size
48
Median Age
39%
College-Educated
96%
High-School Grad
8.6 sq mi
ZIP Area
2,032
Density / Sq Mi
$72,322
Median Household Income
$42,749
Median Earnings
$1,453
Median Rent
$352,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Fully built-out end unit with abundant windows, on-site parking, and close proximity to the beach in St. Thomas Square.
Where is this office units located?
The property is located at 1101-8730 Thomas Dr Panama City Beach, FL.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: 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
