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Property profile & analytics

3702 Thomas Dr Panama City Beach, FL 32408-7318

  • Office Properties & Spaces
  • 4,860 SF
  • 0.27 lot acres
OFF-MARKET
Last Sale
Nov 27, 2023
$1,000,000
Value Estimations
$1,010,000
Show details
Cap Rate Potential
4.9%
Office Properties & Spaces
Location Intelligence
Property ID
US18-4066559
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 3702 Thomas Dr

Year built
1984
Construction
WOOD
Lot size
0.27 lot acres
Property size
4,860 SF
Zone code
BC05
Property type
Office Properties & Spaces
APN
31562-000-000
APU
31562000000

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,000,000
    ML approach
    $1,035,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $820,000
    6.5%
    $755,000
    7%
    $705,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $794,000
    Market price range: $382k - $1.48M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Panama City Beach
County
Bay
State
Florida
Longitude
-85.7498
Latitude
30.1452
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
$5,416
$294,396
$135,352
$429,748
-
$294,396
$135,352
$429,748
More about this property
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