Ground-Floor End-Unit Mixed-Use
For Sale
Contact for pricing
8730 Thomas Dr, Panama City Beach, FL 32408
Built-out commercial space with extensive windows, signage opportunities, and on-site parking.
Property Size2,482 SF
Price / SF$241.74
Days on Market645
Property Features for 8730 Thomas Dr
General Information
Standard status
Active
Size
2,482 SF
Class
B
Property subtype
Mixed Use, Office, Retail
Zoning
COMM
Investment Type
Owner/User
Additional Details
Floor
Ground Floor
Building Details
Year Built
1980
Year Renovated
2025
Buildings
1
Stories
1
Listing Agency:
Coldwell Banker Realty - Naples Central
Listed By:
Mihail Stoyanov · License #FL BK3525922
Source:
Crexi
Added: Jan 9, 2025
Changed: Oct 8
Last Checked: Oct 16 at 6:23AM
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 Coldwell Banker Realty - Naples Central
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Investment Insights
Based on property information with market context.
This 2,482 SF commercial condominium occupies a ground-floor end-unit position within St. Thomas Square. The space is fully built out and includes abundant windows that bring natural light throughout the interior. Its configuration is identified as suitable for medical, retail, and professional office operations, with additional signage opportunities associated with the end-unit placement. The property is zoned COMM and was built in 1980.
Located at 8730 Thomas Dr, Unit 1101, in Panama City Beach, the property sits in a high-traffic commercial corridor approximately 2 blocks from the beach. St. Thomas Square includes established neighboring tenants, while on-site parking serves customer and employee access. The location also benefits from both local and tourist traffic.
Located at 8730 Thomas Dr, Unit 1101, in Panama City Beach, the property sits in a high-traffic commercial corridor approximately 2 blocks from the beach. St. Thomas Square includes established neighboring tenants, while on-site parking serves customer and employee access. The location also benefits from both local and tourist traffic.
Key Highlights
- 2,482 SF ground‑floor commercial condominium
- End‑unit placement with additional signage opportunities
- Fully built‑out interior with abundant windows and natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,733
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,660
$834.7K
Cap Rate 7%
$596,186
$596.2K
Cap Rate 9%
$463,700
$463.7K
Market Conditions
NOI Build-Up for 2,482 SF
Gross rent
$70.0K $28.20/SF
− Vacancy
−$14.3K −$5.78/SF
EGI
$55.6K $22.42/SF
− OpEx
−$13.9K −$5.60/SF
NOI
$41.7K $16.81/SF
Area
Bay County, FL
Vacancy
20.50%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,660
Cap Rate 7%
$596,186
Cap Rate 9%
$463,700
Alternative Uses
Best Use
Office B
$596.2K
$521.7K – $695.6K
NOI $41,733 @ 7.0% cap · market cap 6.96%
Second Best
Retail
$388.3K
$339.7K – $453.0K
NOI $27,178 @ 7.0% cap · market cap 4.53%
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
439
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Built-out commercial space with extensive windows, signage opportunities, and on-site parking.
Where is this mixed-use property located?
The property is located at 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 commercial condominium; End‑unit placement with additional signage opportunities; Fully built‑out interior with abundant windows and natural light
