Property profile

9902 Thomas Dr 14 Panama City Beach, FL 32408

OFF-MARKET
Investment properties
Property ID
US18-4983464
3,652 SF Built 2007
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity is located in Panama City Beach, Florida, at 9902 S Thomas Drive, zip code 32408, within the expansive Laketown Wharf condominium complex. Built in 2007, this property presents a rare chance to acquire a piece of one of the busiest commercial areas in the city. The property is situated near the intersections of Front Beach Rd, Middle Beach Rd, and S Thomas Drive, ensuring high visibility and foot traffic. Currently occupied by a tenant (please do not disturb), this retail space benefits from the proximity of over 2000 condo units, potentially generating significant daily walk-up traffic estimated at 12,000 people based on an average of 6 guests per unit. The asking price is $353,100. While the lot size is not specified, this property is part of approximately 30,000 square feet of available retail space, offering various sizes that can be purchased individually or as a package. All information is believed to be accurate, but verification by the buyer is recommended. This presents a strong investment opportunity in a thriving tourist destination. The property is located in Bay County, Florida.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 2007
Total area 3,652 SF
APN 40001-000-779
UPID US18-4983464

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
  • Party Supply Store Rental Equipment Company
  • Condominium Complex Resort Hotel
  • Property Management Company
  • Restaurant
  • Financial Advisor

Location

9902 Thomas Dr, Unit 14 Panama City Beach, FL 32408-1201
Panama City Beach metro Census 2713 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
$570k
Comparable Approach Comparable
$810k
Blend (final) Blend
$265k

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2015
$820,000

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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