Free-Standing Retail or Office
For Sale
Contact for pricing
196 W Pine Ave, Crestview, FL 32536
Historic 1936 building with a single spacious unit and two parcels, zoned C-1 for flexible commercial use.
Property Size5,000 SF
Price / SF$157.80
Days on Market344
Property Features for 196 W Pine Ave
General Information
Standard status
Active
Size
5,000 SF
Property subtype
RETAIL
Zoning
C-1
Additional Details
Outdoor Storage
Yes
Building Details
Year Built
1936
Tenancy
Single
Listing Agency:
Bellcore Commercial LLC
(850) 240-0527
Listed By:
Harry Bell · License #BK3026917
(850) 240-0527
Source:
Moodyscre
Added: Aug 22, 2025
Changed: Jul 26
Last Checked: Jul 30 at 10:21AM
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 LLC
Investment Insights
Based on property information with market context.
This for-sale property features a historic, free-standing building constructed in 1936. The layout consists of one spacious unit, offering a straightforward interior configuration for a retail or commercial operation. The offering includes the building as well as a second land parcel located directly behind the property.
The property is zoned C-1, which supports a range of commercial uses within a single-tenant configuration. The additional rear parcel can help provide extra space for parking, storage, or future expansion.
Built as a 5,000 SF structure and paired with the adjacent rear parcel, the asset is designed for flexibility where on-site space matters.
The property is zoned C-1, which supports a range of commercial uses within a single-tenant configuration. The additional rear parcel can help provide extra space for parking, storage, or future expansion.
Built as a 5,000 SF structure and paired with the adjacent rear parcel, the asset is designed for flexibility where on-site space matters.
Key Highlights
- Historic 1936, free‑standing building with 5,000 SF in Crestview, FL
- Single spacious unit layout suited for retail or commercial use
- Zoned C‑1
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 authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
993
Businesses Nearby
81k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 36%
Home Improvements & Furnishings 16%
Electronics 2%
McDonald's
Dining
22,661 visits/mo
0.4 miles
Dollar General
Shops & Services
15,303 visits/mo
0.4 miles
Tractor Supply Co.
Home Improvements & Furnishings
12,303 visits/mo
0.4 miles
Burger King
Dining
8,981 visits/mo
0.2 miles
Wells Fargo
Shops & Services
6,754 visits/mo
0.2 miles
Demographics for 32536, FL
25,807
Population
9,379
Households
2.8
Avg Household Size
34
Median Age
27%
College-Educated
93%
High-School Grad
42.5 sq mi
ZIP Area
607
Density / Sq Mi
$82,643
Median Household Income
$40,845
Median Earnings
$1,351
Median Rent
$280,300
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
- 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
Frequently Asked Questions
What type of property is this?
Storefront property - Historic 1936 building with a single spacious unit and two parcels, zoned C-1 for flexible commercial use.
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 $789,001.
What are key features of this property?
This property features: Historic 1936, free‑standing building with 5,000 SF in Crestview, FL; Single spacious unit layout suited for retail or commercial use; Zoned C‑1
