Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Lot For Lease Title is generated by Realmo AI

    4031 Thomas Dr, Panama City Beach, FL 32408

    View on Map
    Claim this Listing
    For Lease
    $3,000 /Mo

    High-visibility commercial lot in Panama City Beach for lease.

    Lot size:
    0.46 Acres
    Added:
    Sep 3, 2025
    Days on Market:
    272
    Last Refresh:
    Jun 1 at 1:54 am

    Property Features for 4031 Thomas Dr

    General Information

    Standard status
    Active
    Lot size
    0.46 Acres

    We can help!

    Listing Contact
    Andrei Cunitin

    Listing agent Andrei Cunitin

    Listing office Dalton Wade Inc

    Listing date Sep 3, 2025

    Source Exprealty

    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 Dalton Wade Inc

    HighLights

    • High‑visibility location with heavy traffic: 19,000 vehicles per day, doubling in summer.
    • Large lot size: Approximately 0.46 acres.
    • Strategic location near Thomas Drive/Navy Blvd, Legendary Marina and RV Park, and St. Andrews State Park.
    • Zoning C3 General Commercial use allows for a variety of business opportunities.
    • Previous use as a boat storage facility accommodating 25+ boats.
    • Close proximity to multiple boat ramps and Highway 98.

    Overview

    This commercial lot for lease is located off Thomas Drive / Navy Blvd in Panama City Beach. The fenced-in lot is approximately 0.46 acres and sees an average of 19,000 vehicles per day, with traffic nearly doubling during the summer season. The property was previously used as a boat storage facility, accommodating 25+ boats. It is located next to Legendary Marina and RV Park and is minutes from multiple boat ramps, St. Andrews State Park, and Highway 98. The zoning is C3 General Commercial, and the owner is open to a variety of business opportunities like boat storage and RV storage. The lot offers potential for marine-related businesses, storage, or other commercial ventures.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Panama City Beach
    County
    Bay
    State
    Florida
    Longitude
    -85.7491064
    Latitude
    30.1405758

    Nearby Similar for Lease

    • $1,400/Mo
      500 SF

      Move-in Ready Beachside Commercial Space

      Functional commercial space near the beach in Panama City Beach.
      6126 Thomas Drive, Panama City Beach, FL 32408
      View Details
    • $12,000/Mo
      7,860 SF

      Panama City Beach Commercial Space

      Open showroom space with offices, storage, and easy access.
      483 Richard Jackson Boulevard, Panama City Beach, FL 32407
      View Details
    • $450/Mo
      2,336 SF

      Affordable Office Space For Rent

      Commercial office space available in Panama City Beach, Florida.
      8317 Front Beach Road, Panama City Beach, FL 32407
      View Details
    • $2,000/Mo

      Promenade Mall Office Space Available

      Large office space with plumbing in Panama City Beach, FL.
      8317 Front Beach Road 37D, Panama City Beach, FL 32408
      View Details
    • $35 SF/Yr
      7,766 SF

      Retail/Medical/Office Space For Lease

      New construction retail/medical/office space available for lease.
      11697 PANAMA CITY BEACH PARKWAY, PANAMA CITY BEACH, FL 32407
      View Details
    • $1,750/Mo
      5,200 SF

      Updated Commercial Space with Warehouse

      Recently updated commercial space with office and warehouse areas.
      512 Commerce Drive, Panama City Beach, FL 32408
      View Details
    • Sponsored
      Contact for pricing

      FL, Panama City Beach - Panama City Pkwy

      14101 Panama City Beach Pkwy, Panama City Beach, FL 32413
      View Details
    • $4,000/Mo
      1,700 SF

      Turn-Key Office Space Available

      Professional office space available for sublease in Panama City Beach.
      100 R Jackson Boulevard, Panama City Beach, FL 32407
      View Details
    • $2,475/Mo
      1,980 SF

      Prime Panama City Beach Parkway Frontage

      Highly visible flex space ideal for retail or industrial use.
      A-9210 Panama City Beach Pkwy, Panama City Beach, FL
      View Details
    • $46 SF/Yr
      5,135 SF

      Restaurant Property in Panama City Beach

      Net-leased restaurant property in high-traffic Panama City Beach location.
      10071 Hutchison Blvd, Panama City Beach, FL 32407
      View Details
    • $30 SF/Yr
      2,129 SF

      Class A Office Space Available

      New Class A office space for lease in Panama City Beach.
      209 Richard Jackson Boulevard, Panama City Beach, FL 32407
      View Details
    • $660/Mo
      48,737 SF

      High Visibility Office Space Available

      Office space with high visibility near major attractions and resorts.
      11205 Hutchison Boulevard #206B, Panama City Beach, FL 32407
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-visibility commercial lot in Panama City Beach for lease.
    Where is this commercial land located?
    The property is located at 4031 Thomas Dr Panama City Beach, FL.
    What is the lease rate?
    The lease rate is $3,000 /Mo.
    What are key features of this property?
    This property features: High‑visibility location with heavy traffic: 19,000 vehicles per day, doubling in summer.; Large lot size: Approximately 0.46 acres.; Strategic location near Thomas Drive/Navy Blvd, Legendary Marina and RV Park, and St. Andrews State Park.
    (850) 960-3857
    We can help!
    Listing Contact
    Andrei Cunitin
    Learn More
    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
    4031 Thomas Dr, Panama City Beach, FL
    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!