Property profile

3123 Thomas Dr Panama City Beach, FL 32408

OFF-MARKET
Strip malls
Property ID
US18-3341165
8,600 SF 0.77 ac lot Built 2004
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2004
Construction WOOD
Total area 8,600 SF
Lot 0.77 ac (33,585 SF)
Zoning code BC05
APN 30933-035-000
UPID US18-3341165

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

3123 Thomas Dr Panama City Beach, FL 32408-6256
Panama City Beach metro Census 2608 PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.38M
CAP Approach CAP
$1.67M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.32M

Owner & transaction history

since 2021
Last sale
$1.5M
4 recorded transactions
2021
$1.5M
2003
Price N/A
2003
$210,000
1999
$175,000

Zoning & alternative use

BC05 · Panama City Beach, FL
Top alternative use upside
Office building $1.6M +29.4%
Commercial (general) $1.6M +25.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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