Lynn Haven Commercial Property For
For Sale
$310,000
1511 Delaware Avenue, Lynn Haven, FL 32444
Versatile commercial property suitable for auto service, storage, or retail.
Property Size1,863 SF
Price / SF$166.40
Days on Market278
Property Features for 1511 Delaware Avenue
General Information
Standard status
Active
Size
1,863 SF
Property subtype
Commercial
Zoning
Business
Building Details
Building Size
1,863 SF
Year Built
1980
Listing Agency:
Coastal Palms Real Estate
(850) 960-5990
Listed By:
Brandie Allon
(850) 960-5990
Source:
Fullsailnwfl
Added: Nov 19, 2025
Changed: Aug 23
Last Checked: Aug 23 at 5:55AM
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 Coastal Palms Real Estate
Investment Insights
Based on property information with market context.
This commercial property, formerly a mechanic shop, is available for sale in Lynn Haven. The property features two bay doors, two office spaces, and a bathroom. It is suitable for auto service, storage, or other commercial uses. The property is located in a high-traffic area.
Key Highlights
- High‑traffic location ideal for commercial ventures.
- Versatile property suitable for auto service, storage, or other commercial uses.
- Includes two bay doors for easy access and operations.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,400
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$408,000
$408.0K
Cap Rate 7%
$291,429
$291.4K
Cap Rate 9%
$226,667
$226.7K
Market Conditions
NOI Build-Up for 1,863 SF
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.
Gross rent
$31.7K $17.04/SF
− Vacancy
−$2.6K −$1.40/SF
EGI
$29.1K $15.64/SF
− OpEx
−$8.7K −$4.69/SF
NOI
$20.4K $10.95/SF
Area
Bay County, FL
Vacancy
8.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$408,000
Cap Rate 7%
$291,429
Cap Rate 9%
$226,667
Alternative Uses
Best Use
Retail
$291.4K
$255.0K – $340.0K
NOI $20,400 @ 7.0% cap · market cap 6.58%
Second Best
Industrial
$175.3K
$153.4K – $204.6K
NOI $12,274 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$542.8K
$475.0K – $633.3K
NOI $37,997 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
9,965 visits/mo
0.3 miles
Texaco
Shops & Services
6,675 visits/mo
0.3 miles
Southern Self Storage
Shops & Services
657 visits/mo
0.3 miles
Demographics for 32444, FL
19,913
Population
8,632
Households
2.3
Avg Household Size
41
Median Age
32%
College-Educated
92%
High-School Grad
9.8 sq mi
ZIP Area
2,032
Density / Sq Mi
$89,508
Median Household Income
$42,348
Median Earnings
$1,494
Median Rent
$292,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- AUTO RECONDITIONING CENTER — 1937 texas ave, lynn haven, fl 79411
Frequently Asked Questions
What type of property is this?
Auto shop - Versatile commercial property suitable for auto service, storage, or retail.
Where is this auto shop located?
The property is located at 1511 Delaware Avenue Lynn Haven, FL.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: High‑traffic location ideal for commercial ventures.; Versatile property suitable for auto service, storage, or other commercial uses.; Includes **two bay doors** for easy access and operations.
