Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lynn Haven Commercial Property For Sale Title is generated by Realmo AI

    1511 Delaware Avenue, Lynn Haven, FL 32444

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $355,000

    Versatile commercial property suitable for auto service, storage, or retail.

    Type:Commercial
    Property size:
    1,863 SF
    Lot size:
    0.40 Acres
    Price / SF:
    $190/SF
    Added:
    Nov 21, 2025
    Days on Market:
    182
    Last Refresh:
    Apr 5 at 9:21 pm

    Property Features for 1511 Delaware Avenue

    General Information

    Standard status
    Active
    Size
    1,863 SF
    Lot size
    0.40 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    BRANDIE ALLON

    Listing agent BRANDIE ALLON

    Listing office COASTAL PALMS REAL ESTATE

    Listing date Nov 21, 2025

    Source Corcoran

    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

    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.
    • Features two office spaces for administrative tasks.
    • Equipped with a bathroom for convenience.
    • Formerly operated as a mechanic shop.

    Overview

    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.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $226.7K
    NOI $20,400 @ 9.00% cap · cautious / downside scenario
    Moderate
    $291.4K
    NOI $20,400 @ 7.00% cap · market / base-case scenario
    Aggressive
    $408.0K
    NOI $20,400 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $31.7k $17.04
    − Vacancy −$2.6k −$1.40
    EGI $29.1k $15.64
    − OpEx −$8.7k −$4.69
    NOI $20.4k $10.95
    1,863 SF · lease $17.04/SF/yr · vacancy 8.20% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $291.4K
    $255.0K – $340.0K (±1% cap)
    NOI $20,400 @ 7.0% cap · market cap 5.75%
    Second Best
    Industrial
    $175.3K
    $153.4K – $204.6K (±1% cap)
    NOI $12,274 @ 7.0% cap · market cap 3.46%
    Theoretical Best
    Office A
    $542.8K
    $475.0K – $633.3K (±1% cap)
    NOI $37,997 @ 7.0% cap · market cap 10.70%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pierce Auto Sales Car Dealership

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

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

    Similar Places Nearby

    • AUTO RECONDITIONING CENTER — 1937 texas ave, lynn haven, fl 79411
    • ForeverLube — 1519 Pennsylvania Ave, Lynn Haven, FL 32444
    • Grease Pro Oil Change — 1509 Ohio Ave, Lynn Haven, FL 32444
    • Doc's Tire Repair Inc — 307 E 17th St, Lynn Haven, FL 32444

    Location Insight

    • Map
    • Local Demand
    City
    Lynn Haven
    County
    Bay
    State
    Florida
    Longitude
    -85.6326
    Latitude
    30.2351

    Nearby Similar for Sale

    • $825,000
      6,419 SF

      Lynn Haven Flex/Warehouse Space

      Versatile flex/warehouse space in central Lynn Haven location.
      1119 Florida Avenue, Lynn Haven, FL 32444
      View Details
    • $398,000
      2,537 SF

      Lynn Haven Duplex Opportunity

      Move-in ready duplex in Lynn Haven, ideal for various buyers.
      1411 Minnesota Avenue, 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
    • $735,000
      7,360 SF

      Historic Bank Building For Sale

      Unique historic building available for sale in Lynn Haven.
      900 Florida Avenue, Lynn Haven, FL 32444
      View Details
    • $18
      29,498 SF

      Professional Office Center on Highway

      Office center in growing area with high traffic and visibility.
      2211 Highway 77, Lynn Haven, FL 32444
      View Details
    • $107,085
      550 SF

      Lynn Haven Condo Storage Units

      Four individually deeded storage units with lease-back agreement for sale.
      3004 Minnesota Ave, Lynn Haven, FL 32444
      View Details
    • $2,275,000
      16,044 SF

      Lynn Haven Warehouse For Sale

      16,044 sqft warehouse in Lynn Haven, Florida.
      2116 S Highway 77, Lynn Haven, FL 32444
      View Details
    • $2,275,000
      16,044 SF

      Retail Space For Sale

      16,044 SF retail space available for purchase.
      2116 S Highway 77, Lynn Haven, FL 32444
      View Details

    FAQs

    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 $355,000.
    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.
    (716) 912-1447
    We can help!
    Listing Contact
    BRANDIE ALLON
    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

    Thank You for Inquiry
    1511 Delaware Avenue, Lynn Haven, FL 32444
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!