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    Property profile & analytics

    6504 Thomas Dr Panama City Beach, FL 32408

    • Office Properties & Spaces
    • 2,608 SF
    • 0.26 lot acres
    For Sale
    View listing
    $1,099,000
    Value Estimation
    Last Sale
    Jun 01, 2021
    $548,500
    Location Intelligence
    Property ID
    US18-2009115
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 6504 Thomas Dr

    Year built
    1989
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.26 lot acres
    Property size
    2,608 SF
    Zone code
    BC03
    Property type
    Office Properties & Spaces
    APN
    30694-000-000
    APU
    30694000000

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $485,000

    • CAP approach

      CAP return
      Estimation
      6%
      $525,000
      6.5%
      $525,000
      7%
      $505,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $585,000
      Geo Method
      $500,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $480,000
      Retail
      $625,000
      Mixed-Use
      $595,000
      Hospitality
      $460,000
      Educational
      $490,000
      Residential Income
      $525,000
      Energy
      $575,000
      Income-Based Land
      $550,000
      Food Service
      $540,000

    Location Insight

    • Map
    • Local Demand
    City
    Panama City Beach
    County
    Bay
    State
    Florida
    Longitude
    -85.7666
    Latitude
    30.153
    CBSA code
    37460
    CBSA name
    PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,801
    $284,740
    $243,232
    $527,972
    -
    $284,740
    $243,232
    $527,972

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      7500 Mcelvey Rd

      OFFICE (GENERAL) • 6,000 SF
      7500 Mcelvey Rd, Panama City Beach, FL 32408-4962
      View Details
    • Value Estimation by Request
      16,796 SF

      9400 Thomas Dr

      OFFICE (GENERAL) • 16,796 SF
      9400 Thomas Dr, Panama City Beach, FL 32408-4213
      View Details
    • Value Estimation by Request
      19,400 SF

      2020 Thomas Dr

      OFFICE (GENERAL) • 19,400 SF
      2020 Thomas Dr, Panama City Beach, FL 32408-5878
      View Details
    • Value Estimation by Request
      12,929 SF

      2111 Thomas Dr

      OFFICE (GENERAL) • 12,929 SF
      2111 Thomas Dr, Panama City Beach, FL 32408-5855
      View Details
    • Value Estimation
      $145,000
      1,848 SF

      2027 Joan Ave

      OFFICE (GENERAL) • 1,848 SF
      2027 Joan Ave, Panama City Beach, FL 32408-4101
      View Details
    • Value Estimation
      $390,000
      2,528 SF

      2827 Joan Ave Bldg D

      OFFICE (GENERAL) • 2,528 SF
      2827 Joan Ave Bldg D, Panama City Beach, FL 32408-4115
      View Details

    Similar Nearby for Sale

    • $1,050,000

      Prime Commercial Corner in PCB

      High-traffic office building, excellent visibility.
      8426 Thomas Dr, Panama City, FL 32408
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    • $775,000
      3,500 SF

      Panama City Beach Office Building

      3,500 SF office building with ample parking.
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    • $1,200,000
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      Thomas Drive Multi-Building Commercial Property

      Three buildings, including a climate-controlled warehouse, near the Navy base.
      1312 Thomas Dr, Panama City, FL 32408
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    • $775,000
      3,691 SF

      Panama City Beach Office Building

      Office building near Navy Base with high visibility and ample parking.
      1813 Thomas Dr, Panama City, FL 32408
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    • $120,000
      708 SF

      Panama City Beach Office/Retail Space

      Office or retail space with private offices and ample storage.
      8317 Front Beach Rd, Panama City Beach, FL 32408
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    • $1,900,000
      1.00 Acre

      Panama City Warehouse with Office

      9000 SF warehouse with office space on one acre.
      2532 Joan Ave, Panama City, FL 32408
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    Similar Nearby for Lease

    • $25 SF/Yr
      24,852 SF

      Class A Office Space Available

      First floor office space with utilities included, central location.
      2605 Thomas Dr, Panama City, FL 32408
      View Details
    • $3,375 /Mo
      24,852 SF

      Class A Office Space Available

      Class A office space in Thomas Drive commercial district.
      2605 Thomas Dr, Panama City, FL 32408
      View Details
    • $30 SF/Yr
      5,000 SF

      Navy Boulevard Commercial Space Available

      New commercial building for lease, ideal for retail or office.
      200 Thomas Dr, Panama City Beach, FL 32408
      View Details
    • $14 SF/Yr

      Flex Building with Office, Warehouse

      Flex building featuring office and warehouse space for lease.
      7622 Mc Elvey Rd, Panama City, FL 32408
      View Details
    • $30 SF/Yr
      5,000 SF

      Navy Boulevard Commercial Space

      New commercial building ideal for retail, office, showroom, and flex.
      200 Navy Blvd, Panama City Beach, FL 32408
      View Details
    • $13 SF/Yr

      Office Building Near Navy Base

      8,000 SF office building near Navy Base main gate.
      520 Skyview Dr, Panama City, FL 32408
      View Details
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    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
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