6908 Thomas Drive Panama City Beach, FL 32408
Prime commercial property with Gulf views and development potential.
Property Features for 6908 Thomas Drive
General Information
- Standard status
- Active
- Size
- 6,985 SF
- Lot size
- 0.54 Acres
- Property subtype
- Commercial
Listing office COUNTS REAL ESTATE GROUP INC (850) 249-3615
Listing date Oct 13, 2025
Source Corcoran
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Investment Insights
Based on property information with market context.
Key Highlights
- Prime Gulf‑view location on Thomas Drive in the heart of Panama City Beach, offering high visibility.
- Zoned C‑1 Neighborhood Commercial, allowing for commercial, mixed‑use, or multifamily development.
- Substantial 0.54‑acre property with 100 feet of frontage on Thomas Drive.
Local Financial Insights For 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 | $119.0k | $17.04 |
| − Vacancy | −$9.8k | −$1.40 |
| EGI | $109.3k | $15.64 |
| − OpEx | −$32.8k | −$4.69 |
| NOI | $76.5k | $10.95 |