Property profile

8426 Thomas Dr Panama City Beach, FL 32408

OFF-MARKET
Retail space
Property ID
US18-2806402
2,796 SF 0.17 ac lot Built 1983
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This prime commercial property, located at 8426 Thomas Drive in Panama City Beach, Florida, 32408, presents a unique investment opportunity. The 7,405.2 square foot lot features a 36x60 metal building with a prominent double-faced billboard, ensuring high visibility in a high-traffic area. The property boasts excellent ingress and egress via Thomas Drive and Tarpon Street, offering convenient access for both customers and employees. Zoned for neighborhood commercial use, this versatile space is suitable for a wide range of businesses catering to both tourists and locals. The building itself includes a large roll-up garage door at the rear, providing ample access for loading and unloading. Extensive paved parking is available both in front and at the rear of the building. Its location offers exceptional proximity to beaches, gulf-front condos, entertainment venues, restaurants, and vacation rentals, capitalizing on the area's thriving tourism industry. Recent improvements include a new roof (December 2018), new metal siding on the mansard, east, and west sides (2014), and a new air conditioning system (2020). This property is priced at $1,050,000 and represents a compelling investment in a dynamic and desirable location within Bay County's tourist corridor. Please consult Bay County Planning and Zoning for a complete list of allowable uses.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1983
Construction STEEL FRAME
Total area 2,796 SF
Lot 0.17 ac (7,500 SF)
Zoning code BC03
APN 30328-080-000
UPID US18-2806402

Cap rate & NOI

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

Location

8426 Thomas Dr Panama City Beach, FL 32408-4726
Panama City Beach metro Census 2605 PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2026
Last sale
$680,000
1 recorded transaction
2026
$680,000

Zoning & alternative use

BC03 · Panama City Beach, FL

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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