Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Class A Office Space Available Title is generated by Realmo AI

    2605 Thomas Drive #100, Panama City, FL 32408

    View on Map
    Claim this Listing
    For Lease
    $25 SF/Yr $51,775/Mo (calc)

    First floor office space with utilities included, central location.

    Property size:
    24,852 SF
    Added:
    Aug 7, 2025
    Days on Market:
    301
    Last Refresh:
    Mar 16 at 9:08 am

    Property Features for 2605 Thomas Drive #100

    General Information

    Standard status
    Active
    Size
    24,852 SF

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    DARREN J HAIMAN

    Listing agent DARREN J HAIMAN

    Listing office NATIONS REAL ESTATE, INC

    Listing date Aug 7, 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 NATIONS REAL ESTATE, INC

    HighLights

    • Affordable office space with included power and water.
    • Centrally located with easy access to town, beach, and Navy base.
    • Class A office space in a quality building.
    • First‑floor accessibility.
    • Includes two large main offices.
    • Office/reception area included.

    Overview

    This is a first-floor Class A office space located in a quality office building. The space features two large main offices plus an office/reception area. Its location is very central, providing easy access to town, the beach, and the Navy base. The rental rate includes both power and water.
    Property Profile Location Intelligence

    Current Use by Public Records

    Brian Taylor Insurance Insurance Agency Superior Bank Bank defender title and escrow ... Title Company Panama City Beach ... Real Estate Agency Rail Management Corporation Freight Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City
    County
    Walton
    State
    Florida
    Longitude
    -85.7511
    Latitude
    30.1573

    Nearby Similar for Lease

    • $5,000/Mo
      1,708 SF

      Unique Commercial Property in Panama City

      Custom mixed-use property with luxury finishes and multiple entrances.
      854 Magnolia Avenue, Panama City, FL 32401
      View Details
    • $2,000/Mo
      2,814 SF

      Downtown Panama City Commercial Space

      Warehouse/office space in historic downtown Panama City.
      200 E 6th Street, Panama City, FL 32401
      View Details
    • $675/Mo
      1,317 SF

      Professional Office Suite For Rent

      Office suite for lease in a professional building.
      215 W 11th Street, Panama City, FL 32401
      View Details
    • $11,000/Mo
      8,510 SF

      Panama City Commercial Office Space

      Centrally located brick building suitable for medical or professional office.
      1830 Lisenby Avenue, Panama City, FL 32405
      View Details
    • $2,500/Mo
      19,873 SF

      Remodeled Panama City Office/Apartment

      Recently remodeled and furnished office/apartment available for rent.
      1220 Transmitter Road, Panama City, FL 32401
      View Details
    • $15 SF/Yr
      10,168 SF

      Office Space in Panama City

      Vanilla shell office space available in Panama City, Florida.
      5620 Cherry Street, Panama City, FL 32404
      View Details
    • $2,400/Mo
      1,903 SF

      Panama City Office Space Available

      Well-located office building ideal for small businesses or professional services.
      309 E 7th Street, Panama City, FL 32401
      View Details
    • $21 SF/Yr
      1,906 SF

      Downtown Panama City Office Space

      Professional office space in downtown Panama City with parking.
      455 Harrison Avenue, Panama City, FL 32401
      View Details
    • $24 SF/Yr
      51,876 SF

      Retail Space in Panama City

      Retail space available for lease in Panama City, Florida.
      133 S Tyndall Parkway, Panama City, FL 32404
      View Details
    • $16 SF/Yr
      51,876 SF

      Retail Center in Panama City

      Retail space available in Panama City, Florida.
      133 S Tyndall Parkway, Panama City, FL 32404
      View Details
    • $21 SF/Yr
      51,876 SF

      Retail Center in Panama City

      Retail spaces available in upcoming Panama City shopping center.
      133 S Tyndall Parkway, Panama City, FL 32404
      View Details
    • $24 SF/Yr
      51,876 SF

      Retail Space in Panama City

      Retail space available for lease in Panama City, Florida.
      133 S Tyndall Parkway, Panama City, FL 32404
      View Details

    FAQs

    What type of property is this?
    Office units - First floor office space with utilities included, central location.
    Where is this office units located?
    The property is located at 2605 Thomas Drive #100 Panama City, FL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Affordable office space with included power and water.; Centrally located with easy access to town, beach, and Navy base.; Class A office space in a quality building.
    (850) 785-2233
    We can help!
    Listing Contact
    DARREN J HAIMAN
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2605 Thomas Drive #100, Panama City, FL 32408
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!