Property profile

902 Thomas Dr Panama City Beach, FL 32408

OFF-MARKET
Medical Office Space
Property ID
US18-8330419
6,948 SF 1.34 ac lot Built 2017
Entity Owned Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2017
Construction WOOD
Total area 6,948 SF
Lot 1.34 ac (58,588 SF)
Zoning code BC05
APN 27921-025-000
UPID US18-8330419

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
  • Physician

Location

902 Thomas Dr Panama City Beach, FL 32408-7442
Panama City Beach metro Census 2604 PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.50M
Comparable Approach Comparable
$1.12M
Blend (final) Blend
$1.34M

Owner & transaction history

since 2025
Last sale
$1.4M
1 recorded transaction
2025
$1.4M

Zoning & alternative use

BC05 · Panama City Beach, FL
Top alternative use upside
Restaurant $1.7M +104.1%
Office building $1.5M +79.9%
Retail stores $1.0M +21.1%

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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