6908 Thomas Dr, Panama City, FL
Prime commercial opportunity near the Gulf of America.
- Added:
- Oct 11, 2025
- Days on Market:
- 252
- Last Refresh:
- May 20 at 9:01 pm
Property Features for 6908 Thomas Dr
General Information
- Standard status
- Active
- Size
- 6,985 SF
- Lot size
- 0.95 Acres
- Property subtype
- RETAIL
Listing agent Christopher McCall, SIOR (850) 814-9889
Listing office Counts Real Estate Group (850) 814-9889
Listing date Oct 11, 2025
Source Moodyscre
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 Counts Real Estate Group
HighLights
- Prime Gulf‑view location on Thomas Drive in the heart of Panama City Beach.
- Zoned C‑1 Neighborhood Commercial, allowing for commercial, mixed‑use, or multifamily development.
- High visibility in a bustling tourist corridor with high‑rise condos, restaurants, and beach access.
- Existing 6,985 sq ft building on .54 acres with 100 ft frontage on Thomas Drive.
- Recent renovations including complete build‑out and new HVAC system.
- Not in a flood zone and no wetlands.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $150.9k | $21.60 |
| − Vacancy | −$9.1k | −$1.30 |
| EGI | $141.8k | $20.30 |
| − OpEx | −$35.5k | −$5.08 |
| NOI | $106.4k | $15.23 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Panama City
- County
- Walton
- State
- Florida
- Longitude
- -85.7714
- Latitude
- 30.1564