Historic Crestview Building For
196 W Pine Ave Crestview, FL 32536
196 W Pine Ave, Crestview, FL, 32536
$789,000
For Sale
$789,000
Charming 5,000 SF building in Crestview, zoned C-1.
Property Size5,000 SF
Price / SF$157.80
Days on Market241
Property Features for 196 W Pine Ave
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1936
Listing Agency
Bellcore Commercial
(850) 240-0527
Listed by
Harry Bell Jr. · License #FL #BK3026917
(850) 240-0527
Source
Bellcorecommercial
Added: Nov 21, 2025 Updated: Jul 6 at 8:28 am Checked: Jul 20 at 3:00 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 Bellcore Commercial
Investment Insights
Based on property information with market context.
This historic 5,000 SF free-standing building, constructed in 1936, is located in Crestview, FL. The property offers a versatile layout with one spacious unit, suitable for various businesses. Zoned C-1, it presents possibilities for retail ventures or professional services. The offering includes a second land parcel located directly behind the property, providing extra space for parking, storage, or future expansion. The property is situated in the Crestview market, with convenient access to major transportation routes. The vibrant downtown area nearby offers dining and retail options. The community is also close to scenic parks, top-rated schools, and healthcare facilities. This location offers opportunities for growth and success.
Key Highlights
- 5,000 SF free‑standing building in a prime Crestview location.
- Zoned C‑1, offering endless possibilities for retail or professional services.
- Includes a second land parcel behind the property for parking, storage, or expansion.
Local Financial Insights For Retail
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 | $111.0k | $22.20 |
| − Vacancy | −$8.3k | −$1.67 |
| EGI | $102.7k | $20.54 |
| − OpEx | −$30.8k | −$6.16 |
| NOI | $71.9k | $14.37 |
5,000 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.03M
$898.4K – $1.20M
NOI $71,873 @ 7.0% cap · market cap 9.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.93M
$1.69M – $2.25M
NOI $134,879 @ 7.0% cap · market cap 17.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- The Petal Barne — 648 Wilson St N, Crestview, FL 32536
- The Flower Basket Florist — 897 Wilson St N, Crestview, FL 32536
- Friendly Florist — 586 S Ferdon Blvd, Crestview, FL 32536
FAQs
What type of property is this?
Storefront property - Charming 5,000 SF building in Crestview, zoned C-1.
Where is this storefront property located?
The property is located at 196 W Pine Ave Crestview, FL.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: 5,000 SF free‑standing building in a prime Crestview location.; Zoned C‑1, offering endless possibilities for retail or professional services.; Includes a second land parcel behind the property for parking, storage, or expansion.
