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Property profile & analytics
OFF-MARKET
Retail space

8426 Thomas Dr Panama City Beach, FL 32408-4726

2,796 SF 0.17 ac lot Built 1983
Entity Owned Absentee Owner Free & Clear
Property ID
US18-2806402
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Shams Properties LLC
Shams Properties LLC
since 2026
Last sale
$680,000
1 recorded transaction
2026
$680,000
Zoning & alternative use
BC03 · Panama City Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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