Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    8720 Thomas Dr Panama City Beach, FL 32408-4036

    • Drive through restaurants
    • 4,047 SF
    • 0.87 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US18-1984067
    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

    • Drive through restaurants

    Property Details for 8720 Thomas Dr

    Year built
    1992
    Construction
    WOOD
    Lot size
    0.87 lot acres
    Property size
    4,047 SF
    Zone code
    PCB22
    Property type
    Drive through restaurants
    APN
    30190-500-000
    APU
    30190500000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Panama City Beach
    County
    Bay
    State
    Florida
    Longitude
    -85.7891
    Latitude
    30.1681
    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
    $12,731
    $940,491
    $267,280
    $1,207,771
    -
    $940,491
    $267,280
    $1,207,771

    Comparable in this City

    • Value Estimation
      $350,000
      6,194 SF

      2021 Thomas Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 6,194 SF
      2021 Thomas Dr, Panama City Beach, FL 32408-5813
      View Details
    • Value Estimation by Request
      3,882 SF

      6209 Sunset Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,882 SF
      6209 Sunset Dr, Panama City Beach, FL 32408-6347
      View Details
    • Value Estimation
      $2,345,000
      3,265 SF

      7100 Coastal Palms Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,265 SF
      7100 Coastal Palms Blvd, Panama City Beach, FL 32408-4985
      View Details
    • Value Estimation by Request
      5,040 SF

      2319 Thomas Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,040 SF
      2319 Thomas Dr, Panama City Beach, FL 32408-5803
      View Details
    • Value Estimation
      $365,000
      1,444 SF

      7101 Coastal Palms Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,444 SF
      7101 Coastal Palms Blvd, Panama City Beach, FL 32408-4986
      View Details
    • Value Estimation by Request
      43,714 SF

      8813 Thomas Dr

      NIGHTCLUB (COCKTAIL LOUNGE) • 43,714 SF
      8813 Thomas Dr, Panama City Beach, FL 32408-4029
      View Details

    Similar Nearby for Sale

    • $1,900,000
      6,985 SF

      Gulf View Commercial Property

      Prime commercial opportunity near the Gulf of America.
      6908 Thomas Dr, Panama City, FL 32408
      View Details
    • $1,900,000
      6,985 SF

      Gulf View Commercial Opportunity

      Prime commercial property near the Gulf of Mexico on Thomas Drive.
      6908 Thomas Dr, Panama City Beach, FL 32408
      View Details
    • $1,795,000
      1.60 Acres

      Urban Blu Panama City Beach Lot 1

      Prime Retail Land, High Traffic Area
      8509 Panama City Bch Pkwy, Upper Grand Lagoon, FL 32408
      View Details
    • $1,495,000
      1.36 Acres

      Prime Panama City Beach Commercial Land

      1.35 acres, 53,200 SF, high traffic area
      8509 Panama City Bch Pkwy, Upper Grand Lagoon, FL 32408
      View Details
    • $2,900,000
      3,200 SF

      Turnkey Convenience Store For Sale

      Operational convenience store with high visibility and traffic exposure.
      7624 Front Beach Rd, Panama City Beach, FL 32408
      View Details
    • $2,500,000

      Panama City Beach Redevelopment Site

      2-acre redevelopment site on Thomas Drive near beach access.
      8602 Thomas Dr, Panama City Beach, FL 32408
      View Details

    Similar Nearby for Lease

    • $6,000 /Mo

      Prime Panama City Beach Outparcel

      High-visibility 1-acre outparcel near NSA Panama City Naval Base.
      7099 Highway 98 W, Panama City Beach, FL 32408
      View Details
    • $7,250 /Mo

      Panama City Commercial Property For Rent

      Commercial property in high-traffic area, recently renovated, suitable for various uses.
      9719 Thomas Dr, Panama City, FL 32408
      View Details
    • $30 SF/Yr
      5,000 SF

      Navy Boulevard Commercial Space

      Commercial space for lease, ideal for retail or office.
      200 Navy Blvd, Panama City Beach, FL 32408
      View Details
    • $2,000 /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
    • Contact for pricing
      19,338 SF

      Retail Space on Thomas Drive

      Retail space with high visibility and loading dock access.
      2533 Thomas Dr, Panama City, FL 32408
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Panama City

      Retail space available in Publix-anchored shopping center.
      2419-2439 Thomas Dr, Panama City, FL 32408
      View Details

    Property Visit Statistics

    • Visits by month
      10.3k
    • Visitors by month
      7.9k
    • Avg Time on site
      14 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8720 Thomas Dr
    Panama City Beach, FL 32408-4036
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.