You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $1,010,000
Office Spaces

3702 Thomas Dr Panama City Beach, FL 32408-7318

4,860 SF 0.27 ac lot Built 1984
Entity Owned 2-yr Hold Free & Clear
Property ID
US18-4066559
Property summary
AI-generated overview

This exceptional Bay County property at 3702 Thomas Drive offers two stunning executive office suites, each boasting 1,000 square feet of space. Located in a high-traffic area with captivating lagoon views and close proximity to the beach, this two-story building presents a unique opportunity. Built in 1987, the 4,860 square foot building features a total of four suites, with 2,000 square feet currently available. Each available suite includes a full bathroom and a kitchenette or break room, providing a comfortable and functional workspace. The owner is open to customizing the space to meet specific tenant requirements, demonstrating a commitment to tenant satisfaction. The strategic location on Thomas Drive ensures high visibility and accessibility, making it an ideal location for businesses seeking a prestigious address. This is a rare opportunity to secure prime office space in a highly desirable beachfront location. The building's multiple suite configuration allows for flexibility, catering to businesses of varying sizes. Don't miss this chance to establish your business in this exceptional setting. Contact the property owner directly to schedule a viewing and discuss lease terms.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1984
Construction WOOD
Total area 4,860 SF
Lot 0.27 ac (11,890 SF)
Zoning code BC05
APN 31562-000-000
UPID US18-4066559
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.04M
CAP Approach CAP
$755k
Comparable Approach Comparable
$794k
Blend (final) Blend
$1.01M
Owner & transaction history
Vihar 230 LLC · 2 yrs held
Vihar 230 LLC
since 2023
Last sale
$1.0M
2 recorded transactions
2023
$1.0M
2014
Price N/A
Zoning & alternative use
BC05 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3702 Thomas Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message