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    9902 Thomas Dr Panama City Beach, FL 32408

    Sponsored
    For Sale
    $353,100

    High-traffic retail space, excellent investment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional retail opportunity is located in Panama City Beach, Florida, at 9902 S Thomas Drive, zip code 32408, within the expansive Laketown Wharf condominium complex. Built in 2007, this property presents a rare chance to acquire a piece of one of the busiest commercial areas in the city. The property is situated near the intersections of Front Beach Rd, Middle Beach Rd, and S Thomas Drive, ensuring high visibility and foot traffic. Currently occupied by a tenant (please do not disturb), this retail space benefits from the proximity of over 2000 condo units, potentially generating significant daily walk-up traffic estimated at 12,000 people based on an average of 6 guests per unit. The asking price is $353,100. While the lot size is not specified, this property is part of approximately 30,000 square feet of available retail space, offering various sizes that can be purchased individually or as a package. All information is believed to be accurate, but verification by the buyer is recommended. This presents a strong investment opportunity in a thriving tourist destination. The property is located in Bay County, Florida.

    Property Features for 9902 Thomas Dr

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    2007

    HighLights

    • Prime retail space in Panama City Beach, FL, at 9902 S Thomas Drive, 32408, within the Laketown Wharf condo complex.
    • High‑visibility location near major intersections (Front Beach Rd, Middle Beach Rd, & S Thomas Drive).
    • Currently leased; strong potential for high foot traffic from over 2,000 nearby condo units (estimated 12,000 daily).
    • Asking price: $353,100.
    • Part of ~30,000 sq ft of available retail space; various sizes available for individual or package purchase.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    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
    -85.8043784
    Latitude
    30.1765721

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, excellent investment.
    Where is this retail property located?
    The property is located at 9902 Thomas Dr Panama City Beach, FL.
    What is the asking price?
    The asking price for this property is $353,100.
    What are key features of this property?
    This property features: Prime retail space in Panama City Beach, FL, at 9902 S Thomas Drive, 32408, within the Laketown Wharf condo complex.; High-visibility location near major intersections (Front Beach Rd, Middle Beach Rd, & S Thomas Drive).; Currently leased; strong potential for high foot traffic from over 2,000 nearby condo units (estimated 12,000 daily).
    Request Owner's contact information
    9902 Thomas Dr Panama City Beach, FL 32408
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    Panama City Beach, FL 32408
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    Realmo Value Estimation

    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.

    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.

    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
    9902 Thomas Dr Panama City Beach, FL 32408
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