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New Flex Building with Showroom Space
For Lease
$30 SF/Yr

B-200 Thomas Dr, Panama City Beach, FL 32408

New construction offers vanilla-shell delivery with finish-to-suit capability for commercial occupants.

Space SizeContact for details
Days on Market427

Property Features for B-200 Thomas Dr

General Information

Standard status Active
Listing Agency: COUNTS REAL ESTATE GROUP INC
Listed By: Christopher S McCall · License #183869
Source: Exprealty
Added: Jul 1, 2025 Changed: Aug 30 Last Checked: Aug 30 at 2:29PM

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 INC

Investment Insights

Based on property information with market context.

This new commercial flex building offers space suited to retail, office, showroom, and other flex applications. Units measure 1,025 square feet, with up to 4,100 square feet available. The landlord will deliver the premises in vanilla-shell condition, with finish-to-suit work available.

The property is on Thomas Drive, south of Highway 98 near the Hathway Bridge. It is next to the Dive Center and directly across from the Navy Base, placing the building within an established commercial setting.

Key Highlights

  • New commercial construction on Thomas Drive
  • 1,025‑square‑foot units available
  • Up to 4,100 square feet offered for lease

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage Dental Office Law Firm Grocery & Convenience Store Cafe & Coffee Shop Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

457
Businesses Nearby
Well-served
Demand for This Use

Demographics for 32408, FL

17,479
Population
17,018
Households
1
Avg Household Size
48
Median Age
39%
College-Educated
96%
High-School Grad
8.6 sq mi
ZIP Area
2,032
Density / Sq Mi
$72,322
Median Household Income
$42,749
Median Earnings
$1,453
Median Rent
$352,400
Median Home Value

Market

Lease Benchmarks for Panama City Beach, FL

$12.06 /SF/Yr
Avg Asking Price
$1.88–$30 /SF/Yr
Price Range
16,930 SF
Avg Space Size

This space is priced 149% above the average of $12.06 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?
Flex space - New construction offers vanilla-shell delivery with finish-to-suit capability for commercial occupants.
Where is this flex space located?
The property is located at B-200 Thomas Dr Panama City Beach, FL.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: New commercial construction on Thomas Drive; 1,025‑square‑foot units available; Up to 4,100 square feet offered for lease
More about this property
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