Restaurant Unit with Two
R-8-9860 S Thomas Dr Panama City Beach, FL 32408
R-8-9860 S Thomas Dr, Panama City Beach, FL, 32408
$843,885
For Sale
$843,885
Commercial unit at Laketown Wharf with two entrances and plenty of on-site parking, currently operated as a breakfast restaurant.
Property Size2,679 SF
Price / SF$315
Days on Market302
Property Features for R-8-9860 S Thomas Dr
General Information
- Standard status
- Active
- Size
- 2,679 SF
Listing agency
Coastal Living Realty & Associates
(404) 401-2444
Listed by
Denise Hindes
(404) 401-2444
Source
Exprealty
Added: Sep 23, 2025 Updated: Jul 21 at 3:32AM Checked: Jul 21 at 3:32AM
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 Coastal Living Realty & Associates
Investment Insights
Based on property information with market context.
This 2,679-square-foot commercial unit at Laketown Wharf is currently operating as a breakfast restaurant, with flexibility to be adapted for other retail business uses. The space features two entrances, including one facing Thomas Drive and an additional entrance on the lake. Owner financing is available.
Laketown Wharf is positioned at a busy intersection in Panama City Beach, with plenty of parking serving the complex. The property environment includes over 700 residential units and multiple retail businesses, supporting a consistent stream of customers within the development.
Offered for sale as part of the active Laketown Wharf complex, this unit provides a strong setup for an operator looking for direct, multi-access entry points and convenient parking.
Laketown Wharf is positioned at a busy intersection in Panama City Beach, with plenty of parking serving the complex. The property environment includes over 700 residential units and multiple retail businesses, supporting a consistent stream of customers within the development.
Offered for sale as part of the active Laketown Wharf complex, this unit provides a strong setup for an operator looking for direct, multi-access entry points and convenient parking.
Key Highlights
- 2,679 SF commercial unit at Laketown Wharf, currently operating as a breakfast restaurant
- Two entrances—one facing Thomas Drive and one entrance on the lake
- Plenty of on‑site parking available for customers
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 | $48.2k | $18.00 |
| − Vacancy | −$3.3k | −$1.22 |
| EGI | $44.9k | $16.78 |
| − OpEx | −$11.2k | −$4.19 |
| NOI | $33.7k | $12.58 |
2,679 SF · lease $18.00/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$481.5K
$421.3K – $561.8K
NOI $33,707 @ 7.0% cap · market cap 3.99%
Second Best
Retail
$419.1K
$366.7K – $488.9K
NOI $29,335 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$780.6K
$683.0K – $910.7K
NOI $54,640 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Breakfast & diners
Similar For Sale Nearby
FAQs
What type of property is this?
Breakfast & diner - Commercial unit at Laketown Wharf with two entrances and plenty of on-site parking, currently operated as a breakfast restaurant.
Where is this breakfast & diner located?
The property is located at R-8-9860 S Thomas Dr Panama City Beach, FL.
What is the asking price?
The asking price for this property is $843,885.
What are key features of this property?
This property features: 2,679 SF commercial unit at Laketown Wharf, currently operating as a breakfast restaurant; Two entrances—one facing Thomas Drive and one entrance on the lake; Plenty of on‑site parking available for customers
