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    6504 Thomas Dr Panama City Beach, FL 32408

    For Sale
    $1,099,000

    2,608 SF building, 11,326 SF lot.

    Property size:
    2,608 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional commercial property, located at 6504 Thomas Drive in Panama City Beach, Florida, presents a unique investment opportunity. Boasting 2,608 square feet of space on an expansive 11,325.6 square foot lot (approximately 50x226), this property enjoys high visibility due to its frontage on a major Panama City Beach thoroughfare. Built in 1989, the structure currently features eight offices, offering significant flexibility for a variety of business uses. The building is partially finished, allowing a new owner to customize the remaining space to perfectly meet their specific needs and preferences. Ample parking is available both at the front and rear of the building, providing potential for additional storage or simply convenient client and employee parking. The asking price for this strategically located commercial property is $1,099,000. This presents a compelling opportunity for business owners, investors, and creative entrepreneurs seeking a well-situated and adaptable commercial space in a thriving Florida coastal community. The property's zip code is 32408, and it is situated in Bay County.

    Property Features for 6504 Thomas Dr

    General Information

    Property type
    Specialty properties
    Square Feet
    2,608 SF

    Building Details

    Year Built
    1989

    HighLights

    • 2,608 SF commercial building on a 11,325.6 SF lot in Panama City Beach, FL.
    • High‑visibility location on a major thoroughfare.
    • Eight offices, partially finished, allowing for customization.
    • Ample front and rear parking.
    • Asking price: $1,099,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

    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
    -85.7667161
    Latitude
    30.1530174

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    FAQs

    What type of property is this?
    Specialty property - 2,608 SF building, 11,326 SF lot.
    Where is this specialty property located?
    The property is located at 6504 Thomas Dr Panama City Beach, FL.
    What is the asking price?
    The asking price for this property is $1,099,000.
    What are key features of this property?
    This property features: 2,608 SF commercial building on a 11,325.6 SF lot in Panama City Beach, FL.; High-visibility location on a major thoroughfare.; Eight offices, partially finished, allowing for customization.
    Request Owner's contact information
    6504 Thomas Dr 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
    6504 Thomas Dr Panama City Beach, FL 32408
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