For sale
Office Units
FL
Panama City
32408
1813 Thomas Drive

Panama City Beach Office Building

1813 Thomas Drive, Panama City, FL 32408

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For Sale

$775,000

Office building near Navy Base with high visibility and ample parking.

Property size:

3,691 SF

Price / SF:

$209/SF

HighLights

Prime Location: Less than a quarter mile from the Navy Base.
High Traffic Visibility: Situated on Navy Blvd with +\/-25,500 vehicles per day.
Ample Parking: Provides convenient access for employees and clients.
Modern Office Space: Features 10 main‑level offices and a spacious reception area.
C3 Zoning: Offers flexible commercial usage options.
Upper‑Level Breakroom: Includes refrigerator and cabinets for employee convenience.

We can help!

Listing Contact

TERRY KOEHN

For Sale

$775,000

Office building near Navy Base with high visibility and ample parking.

Property size:

3,691 SF

Price / SF:

$209/SF

Added:: Jun 10, 2025
Days on Market:: 370
Last Refresh:: Mar 16 at 9:09 am

Property Features for 1813 Thomas Drive

General Information

Standard status: Active
Size: 3,691 SF

Building Details

Year Built: 1998

We can help!

Listing Contact

TERRY KOEHN

Listing agent TERRY KOEHN

Listing office NAI TALCOR

Listing date Jun 10, 2025

Source Corcoran

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 NAI TALCOR

HighLights

Prime Location: Less than a quarter mile from the Navy Base.
High Traffic Visibility: Situated on Navy Blvd with +\/-25,500 vehicles per day.
Ample Parking: Provides convenient access for employees and clients.
Modern Office Space: Features 10 main‑level offices and a spacious reception area.
C3 Zoning: Offers flexible commercial usage options.
Upper‑Level Breakroom: Includes refrigerator and cabinets for employee convenience.

Overview

This approximately 3,500 SF building is zoned C3 and located on Navy Blvd in Panama City Beach, less than a quarter mile from the Navy Base. The property features modern office space with 10 main-level offices and a spacious central reception area. It also includes two bathrooms and an upper-level breakroom equipped with a refrigerator and cabinets, as well as additional rooms. The location offers high visibility and ample parking. Situated on a major arterial roadway, the property benefits from FDOT traffic counts of approximately 25,500 vehicles per day and is close to various amenities.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$77.5k	$21.00
− Vacancy	−$15.5k	−$4.20
EGI	$62.0k	$16.80
− OpEx	−$15.5k	−$4.20
NOI	$46.5k	$12.60

3,691 SF · lease $21.00/SF/yr · vacancy 20.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$664.4K

$581.3K – $775.1K (±1% cap)

NOI $46,507 @ 7.0% cap · market cap 6.00%

Second Best

—

no second resolved use

Theoretical Best

Office A

$928.2K

$812.2K – $1.08M (±1% cap)

NOI $64,976 @ 7.0% cap · market cap 8.38%

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

Property Profile Location Intelligence

Current Use by Public Records

AVIAN LLC Corporate Office

Suggested Use

Location Insight

Map
Local Demand

City: Panama City
County: Walton
State: Florida
Longitude: -85.7565
Latitude: 30.167

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For sale
Office Units
FL
Panama City
32408
1813 Thomas Drive

What type of property is this?

Office units - Office building near Navy Base with high visibility and ample parking.

Where is this office units located?

The property is located at 1813 Thomas Drive Panama City, FL.

What is the asking price?

The asking price for this property is $775,000.

What are key features of this property?

This property features: Prime Location: Less than a quarter mile from the Navy Base.; High Traffic Visibility: Situated on Navy Blvd with +\/-25,500 vehicles per day.; Ample Parking: Provides convenient access for employees and clients.