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    200 Thomas Dr Panama City, FL 32408

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    For Lease
    $30 SF/Yr ($3,125 /Mo)

    New commercial building ideal for retail, office, showroom, and flex.

    Property size:
    1,250 SF
    Lot size:
    1.23 Acres

    Property Features for 200 Thomas Dr

    General Information

    Size
    1,250 SF
    Lot size
    1.23 Acres

    Source: Counts Real Estate Group Agent Christopher McCall, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Commercial Building on Navy

    This new commercial building on Navy Boulevard, formerly known as Thomas Drive, is available for lease. It is suitable for retail, office, showroom, and flex space. The property is located just south of Highway 98 at the Hathaway Bridge, next to the Dive Center, and across the street from the Navy Base. The new construction offers units of 1,025 square feet, with up to 4,100 square feet available for lease. The landlord will deliver the space as a vanilla shell and can finish to suit. The base rent is $20.00 NNN per square foot, and the operating expenses are estimated to be $4.00 per square foot.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.760759
    Latitude
    30.185668

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    FAQs

    What type of property is this?
    Retail space - New commercial building ideal for retail, office, showroom, and flex.
    Where is this retail space located?
    The property is located at 200 Thomas Dr Panama City, FL.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - Prime Location on Navy Boulevard near Highway 98 and the Hathaway Bridge, across from the Navy Base.; - New Construction: Modern, new commercial building.; - Flexible Space Options: Units available from 1,025 sq ft up to 4,100 sq ft.
    (850) 814-9889
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    200 Thomas Dr Panama City, FL 32408
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    200 Thomas Dr Panama City, FL 32408
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