Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    305 Ohio Avenue Lynn Haven, FL 32444

    View on Map
    For Sale
    $350,000

    COMMERCIAL - Lynn Haven, FL

    Lot size:
    0.54 Acres
    Added:
    Oct 22, 2025
    Days on Market:
    163
    Last Refresh:
    Apr 2 at 10:06 pm

    Property Features for 305 Ohio Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    09053-000-000
    Lot size
    0.54 Acres

    Taxes and HOA fees

    TaxDescription
    Lots 1, 2, 3, 4, and 5, Block 38, Lynn Haven, FL according to the plat of said City on file in the Office of the Clerk of the Circuit Court of Bay County, FL, recorded in Plat Book 5, Page(s) 11, less and except that certain portion of Lot 1 deeded to the State of Florida for right-of-way recorded in Deed Book 93, page 599.

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Jodi Asbell

    Listing agent Jodi Asbell License #SL3340819

    Listing office Beachy Beach Real Estate 17651 Panama City Beach Pkwy Suite 3, Panama City Beach, FL

    Listing date Oct 22, 2025

    MLS# 781118 Listing URL

    Copyright © 2026 Central Panhandle Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Lot in Lynn Haven

    This 0.54-acre commercial lot is located on the corner of Ohio Avenue (Hwy 77), East 3rd Street, and Pennsylvania Avenue, across from Porter Park and a boat launch, in Lynn Haven, Florida. The property is zoned for mixed-use and benefits from high visibility, with Ohio Avenue (Hwy 77) experiencing an average daily traffic count of 30,000 vehicles. This location offers significant exposure for various business ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Boyer Robert E ... Engineering Consultant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lynn Haven
    County
    Bay
    State
    Florida
    Longitude
    -85.647625
    Latitude
    30.252391

    Nearby Similar for Sale

    • $450,000
      1,909 SF

      Turn-key Commercial Opportunity in Lynn Haven

      Fully renovated commercial property in a high-demand Lynn Haven location.
      1302 Florida Avenue, Lynn Haven, FL 32444
      View Details
    • $84,900

      Versatile Lot in Growing Community

      Commercial lot with high visibility and flexible zoning potential.
      1404 Virginia Avenue, Lynn Haven, FL 32444
      View Details
    • $550,000

      Prime Commercial Lot in Lynn Haven

      Commercial lot with 250' frontage, ideal for various businesses.
      1306 Florida Avenue, Lynn Haven, FL 32444
      View Details
    • $398,000
      2,537 SF

      Lynn Haven Duplex Opportunity

      Entire duplex in Lynn Haven, move-in ready, investment potential.
      1411 Minnesota Avenue unit: 1 & 2, Lynn Haven, FL 32444
      View Details
    • $775,000

      Waterfront Land in Lynn Haven

      0.76 acres waterfront property with 232 feet of frontage.
      4740 Baywood Drive, Lynn Haven, FL 32444
      View Details
    • $850,000

      Bayfront Lot in Lynn Haven

      Rare 0.8-acre waterfront lot with Gulf access.
      601 N Bay Drive, Lynn Haven, FL 32444
      View Details
    • $89,900

      Land in Belaire Estates

      High and dry lot in Lynn Haven, Florida.
      Bell Circle lot: 27, Lynn Haven, FL 32444
      View Details
    • $285,000

      Water View Homesite in Lynn Haven

      Spacious homesite with water views and no HOA restrictions.
      744 N Bay Drive, Lynn Haven, FL 32444
      View Details
    • $235,000

      Waterfront Homesite in Lynn Haven

      Prime waterfront lot ready for your dream home.
      311 Meadowview Terrace, Lynn Haven, FL 32444
      View Details
    • $199,900

      Residential Lots in Lynn Haven

      Five individual building lots in a quiet, settled neighborhood.
      Hwy 389, Lynn Haven, FL 32444
      View Details
    • $450,000
      1,909 SF

      Turn-Key Commercial Opportunity

      Fully renovated commercial property in Lynn Haven, move-in ready.
      1302 Florida Avenue, Lynn Haven, FL 32444
      View Details
    • $130,000

      Vacant Lot in Panama Country

      Vacant lot in Panama Country Club with golf course views.
      1828 Country Club Drive, Lynn Haven, FL 32444
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-visibility commercial lot on corner of Ohio Avenue.
    Where is this commercial land located?
    The property is located at 305 Ohio Avenue Lynn Haven, FL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: High traffic exposure: Averaging 30,000 vehicles daily on Ohio Avenue (Hwy 77).; Prime corner lot location on Ohio Avenue (Hwy 77), East 3rd Street, and Pennsylvania Avenue.; .54 Acre Commercial Lot.
    (702) 596-8264
    We can help!
    Listing Contact
    Jodi Asbell
    Real Estate License ID: SL3340819
    Learn More
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!