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    Property profile & analytics

    2909 Thomas Dr Panama City Beach, FL 32408-6251

    • Motels
    • 47,536 SF
    • 2.45 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US18-4754451
    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

    • Motels

    Property Details for 2909 Thomas Dr

    Year built
    2001
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.45 lot acres
    Property size
    47,536 SF
    Zone code
    BC05
    Property type
    Motels
    APN
    31142-010-000
    APU
    31142010000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Panama City Beach
    County
    Bay
    State
    Florida
    Longitude
    -85.7492
    Latitude
    30.1546
    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
    $88,437
    $612,500
    $6,444,987
    $7,057,487
    -
    $612,500
    $6,444,987
    $7,057,487

    Comparable in this City

    • Value Estimation by Request
      73,152 SF

      9500 Thomas Dr

      MOTEL • 73,152 SF
      9500 Thomas Dr, Panama City Beach, FL 32408-4214
      View Details
    • Value Estimation
      $795,000
      15,756 SF

      8101 Surf Dr

      MOTEL • 15,756 SF
      8101 Surf Dr, Panama City Beach, FL 32408-4709
      View Details
    • Value Estimation
      $305,000
      2,722 SF

      5915 Lagoon Dr

      MOTEL • 2,722 SF
      5915 Lagoon Dr, Panama City Beach, FL 32408-3708
      View Details
    • Value Estimation by Request
      3,336 SF

      6010 Thomas Dr

      MOTEL • 3,336 SF
      6010 Thomas Dr, Panama City Beach, FL 32408-5614
      View Details
    • Value Estimation by Request
      12,656 SF

      8109 Surf Dr

      MOTEL • 12,656 SF
      8109 Surf Dr, Panama City Beach, FL 32408-4709
      View Details
    • Value Estimation by Request
      11,484 SF

      4909 Hispaniola Ave

      MOTEL • 11,484 SF
      4909 Hispaniola Ave, Panama City Beach, FL 32408-6910
      View Details

    Similar Nearby for Sale

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      Gulf-View Condo Rental-Ready and Updated

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      Urban Blu Panama City Beach Lot 1

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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
    • $1,500 /Mo

      Retail Space in Promenade Mall

      Prime commercial space in Panama City Beach's established shopping destination.
      8317 Front Bch 34C Rd, Panama City Beach, FL 32408
      View Details
    • $30 SF/Yr
      5,000 SF

      New Commercial Building For Lease

      New commercial building ideal for retail, office, showroom, and flex.
      200 Thomas Dr, Panama City Beach, FL 32408
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    • $30 SF/Yr
      1,250 SF

      New Commercial Building on Navy

      New commercial building ideal for retail, office, showroom, and flex.
      200 Thomas Dr, Panama City, FL 32408
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    • $3,000 /Mo

      Promenade Mall Retail Space

      Prime commercial space in Panama City Beach's established shopping destination.
      8317 Front Beach Rd, Panama City Beach, FL 32408
      View Details

    Property Visit Statistics

    • Visits by month
      4.6k
    • Visitors by month
      1.4k
    • Avg Time on site
      469 min
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    2909 Thomas Dr
    Panama City Beach, FL 32408-6251
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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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