6908 Thomas Drive Panama City Beach, FL 32408
SINGLE_FAMILY - Panama City Beach, FL
Property Features for 6908 Thomas Drive
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active
- APN
- 30766-010-000
- Size
- 6,985 SF
- Lot size
- 0.54 Acres
Taxes and HOA fees
- Tax Description
- Lot 4, 5, 20, 21, Block R, Holiday Beach Unit No. 10, according to the Plat thereof, recorded in Plat Book 10,Page(s) 90, of the Public Records of Bay County, Florida.
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
Building Details
- Year built
- 1979
- Floors in Building
- 1
- Flooring type
- Concrete
- Building materials
- Block
- Roof type
- Metal
Listing agent Chris S McCall License #0666647 (850) 814-9889
Listing office Counts Real Estate Group Inc 2104 Thomas Drive, PANAMA CITY BEACH, FL (850) 249-3615
Listing date Oct 11, 2025
Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 6908 Thomas Drive in Panama City Beach, the site has 100 feet of frontage on Thomas Drive and extends 235 feet through to Beach Drive, with a Gulf-view setting approximately 800 feet from the Gulf of America. The parcel is described as “high and dry,” not in a flood zone, and with no wetlands. Zoning is C-1 Neighborhood Commercial, supporting commercial, mixed-use, or multifamily development, with up to 15 units per acre and a maximum building height of 35 feet.
The development parameters noted include 20 ft front and rear setbacks and 5 ft side setbacks, along with an impervious surface ratio of 60% and a floor area ratio of 100%.
Key Highlights
- 0.54‑acre Gulf‑view commercial lot with 100 ft of frontage on Thomas Drive and extending 235 ft through to Beach Drive
- 6,985 SF building (concrete block) with metal roof; central electric HVAC; built in 1979
- Zoned C‑1 Neighborhood Commercial (density up to 15 units/acre; max building height 35 ft; setbacks 20 ft front/rear, 5 ft side)
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 | $125.7k | $18.00 |
| − Vacancy | −$8.5k | −$1.22 |
| EGI | $117.2k | $16.78 |
| − OpEx | −$29.3k | −$4.19 |
| NOI | $87.9k | $12.58 |
