Lynn Haven Flex/Warehouse
1119 Florida Avenue Lynn Haven, FL 32444
1119 Florida Avenue, Lynn Haven, FL, 32444
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For Sale
Contact for pricing
Flex space with open office and high-ceiling warehouse.
Property Size6,419 SF
Price / SF$128.52
Days on Market67
Property Features for 1119 Florida Avenue
General Information
- Standard status
- Active
- Size
- 6,419 SF
- Property subtype
- Office
Building Details
- Year Built
- 1975
Listing Agency
ERA Neubauer Real Estate
Listed by
Brian Hinton
Source
Crexi
Added: May 14 Checked: Jul 17 at 3:59 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ERA Neubauer Real Estate
Investment Insights
Based on property information with market context.
Located in Lynn Haven, this property is situated one parcel off Hwy 77 (Ohio St). It features a large, open office area with a kitchen and a warehouse with high ceilings. The property is suitable for a distribution company, an office with a large staff, or a church. The property size is 6419 square feet.
Key Highlights
- Super location in the heart of Lynn Haven, just off Hwy 77 (Ohio St)
- Large 'open' office area with kitchen
- Large ft. ceiling warehouse
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.1k | $14.04 |
| − Vacancy | −$4.7k | −$0.73 |
| EGI | $85.4k | $13.31 |
| − OpEx | −$29.9k | −$4.66 |
| NOI | $55.5k | $8.65 |
6,419 SF · lease $14.04/SF/yr · vacancy 5.20% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$793.3K
$694.2K – $925.6K
NOI $55,534 @ 7.0% cap · market cap 6.73%
Second Best
Warehouse
$694.6K
$607.8K – $810.4K
NOI $48,621 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $130,919 @ 7.0% cap · market cap 15.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Leitz Office Products
Furniture & Home Goods
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex space with open office and high-ceiling warehouse.
Where is this flex space located?
The property is located at 1119 Florida Avenue Lynn Haven, FL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Super location in the heart of Lynn Haven, just off Hwy 77 (Ohio St); Large 'open' office area with kitchen; Large ft. ceiling warehouse
