For a turboprop you can use:
Fn = SHPx375xProp Efficiency / Speed in MPH
Fn = Total Net Thrust in pounds.
For an estimate, roughly 80% on average for prop. efficiency. Prop Efficiency is also put into the equation in hundredths; 100% efficiency = 1.0; 80% efficiency = .80.
Example with a turboprop rated at 1200 SHP with 80% efficiency at 350 MPH:
FN = 1200x375x.80 / 350
=1028.57 lb. of thrust
One of the aircraft design books I have (Introduction to Aeronautics: A Design Perspective, by Brandt, Stiles, Bertin and Whitford) uses almost exactly this same formula. The only difference between the two seems to be that this one also has an adjustment for altitude.
It uses:
TA=SHP*density ratio*Prop efficiency/Velocity
Where the parts are:
TA: Thrust available at the given condition (IN POUNDS).
SHP: Shaft Horsepower at SEA LEVEL
given in ft-lbs/sec. If you have SHP at sea level in horsepower, multiply by 550 to get it into ft lbs/sec.
density ratio: Gotten from a standard atmosphere table. Or density at the given conditions divided by density of sea level standard day
Prop efficiency: .8 or .9 is a pretty good guess for most props, but you might be able to find a better number if you know exactly what type of prop you have. May be in your POH or performance manual, or you may be able to find it online.
V: True Airspeed of the given condition
in ft/sec. If you have your true airspeed in MPH you need to multiply by 1.4666 to get ft/sec. If you have it in knots, then you need to multiply by 1.687777 to get ft/sec.
So for the same conditions at sea level standard day (density ratio =1), I come up with
V=350 MPH= (350*1.4666)ft/sec= 513.33333 ft/sec
Prop efficiency= .8
SHP= 1200 Horsepower= (1200*550) ft lbs/sec=66000 ft lbs/sec
so TA=(66000*0.8)/(513.33333)=1028.57 lbs. Or the same answer as E6BAV8R found.
But if you wanted to know the thrust available at 10000 ft, standard day, the density ratio would be .73875, so the thrust available would become:
TA=(66000*.8*.73875)/513.3333=759.86 lbs.