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    4702 Thomas Dr Panama City Beach, FL 32408-7315

    • Retail residential properties
    • 5,728 SF
    • 5.32 lot acres
    OFF-MARKET
    Value Estimation
    $9,070,000
    Last Sale
    Jul 13, 2021
    $10,010,000
    Location Intelligence
    Property ID
    US18-5490775
    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

    • Retail residential properties

    Property Details for 4702 Thomas Dr

    Year built
    2002
    Construction
    STEEL FRAME
    Lot size
    5.32 lot acres
    Property size
    5,728 SF
    Zone code
    BC23
    Property type
    Retail residential properties
    APN
    31428-020-000
    APU
    31428020000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $8,820,000

    • CAP approach

      CAP return
      Estimation
      6%
      $10,665,000
      6.5%
      $9,480,000
      7%
      $10,260,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $11,305,000
      Geo Method
      $10,810,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $8,940,000
      Retail
      $8,810,000
      Mixed-Use
      $9,425,000
      Hospitality
      $11,535,000
      Educational
      $11,060,000
      Residential Income
      $9,505,000
      Energy
      $10,130,000
      Income-Based Land
      $9,950,000
      Food Service
      $10,020,000

    Location Insight

    • Map
    • Local Demand
    City
    Panama City Beach
    County
    Bay
    State
    Florida
    Longitude
    -85.7483
    Latitude
    30.1384
    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
    $31,860
    $1,644,189
    $888,049
    $2,532,238
    -
    $1,644,189
    $888,049
    $2,532,238

    Comparable in this City

    • Value Estimation by Request

      7205 Thomas Dr, Unit C3

      STORE/OFFICE (MIXED USE)
      7205 Thomas Dr, Panama City Beach, FL 32408-7501
      View Details
    • Value Estimation by Request
      1,158 SF

      8730 Thomas Dr Ste, Unit 1102

      STORE/OFFICE (MIXED USE) • 1,158 SF
      8730 Thomas Dr Ste, Panama City Beach, FL 32408-4757
      View Details
    • Value Estimation by Request
      395 SF

      9900 Thomas Dr, Unit C-1

      STORE/OFFICE (MIXED USE) • 395 SF
      9900 Thomas Dr, Panama City Beach, FL 32408-3804
      View Details
    • Value Estimation by Request
      390 SF

      9900 Thomas Dr, Unit 3-A

      STORE/OFFICE (MIXED USE) • 390 SF
      9900 Thomas Dr, Panama City Beach, FL 32408-3804
      View Details
    • Value Estimation
      $330,000
      5,227 SF

      8730 Thomas Dr Ste, Unit 1110

      STORE/OFFICE (MIXED USE) • 5,227 SF
      8730 Thomas Dr Ste, Panama City Beach, FL 32408-4766
      View Details
    • Value Estimation
      $720,000
      568 SF

      9860 Thomas Dr, Unit 1

      STORE/OFFICE (MIXED USE) • 568 SF
      9860 Thomas Dr, Panama City Beach, FL 32408-1200
      View Details

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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

      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
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    4702 Thomas Dr
    Panama City Beach, FL 32408-7315
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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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