Property profile

8711 Thomas Dr Panama City Beach, FL 32408

OFF-MARKET
Bars & Pubs
Property ID
US18-5098414
9,438 SF 0.61 ac lot Built 1976
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1976
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,438 SF
Lot 0.61 ac (26,375 SF)
Zoning code BC23
APN 30455-000-000
UPID US18-5098414

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant
  • Bar & Pub

Location

8711 Thomas Dr Panama City Beach, FL 32408-4001
Panama City Beach metro Census 2605 PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$610k

Owner & transaction history

since 2024
7 recorded transactions
2024
$508,000
2018
Price N/A
2018
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

BC23 · Panama City Beach, FL
Top alternative use upside
Restaurant $920,000 +38.4%
Auto repair, garage $900,000 +35.5%

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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