New
For Sale
$185,000
911 Bradley Circle, Lynn Haven, FL 32444
Residential, Lynn Haven, FL
Property Size1,170 SF
Lot Size0.12 Acres
Price / SF$158.12
Days on Market6
Property Features for 911 Bradley Circle
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
City
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Dining Room, Bedroom 1, Bathroom 2, Laundry Room, Laundry Room
Parking
2
Patio and Porch features
Porch
Exterior features
Sprinkler System
Fencing
Chain Link
Appliances
Cooktop, Dishwasher, Disposal, Dryer, Freezer, Microwave, Refrigerator, Stove/Oven Electric, Washer, Water Heater - Elect
Elementary school
Hiland Park
Middle school
Mowat
High school
Mosley
Directions
Traveling North on Jenks Avenue turn right on Bradley Circle
Subdivision
27 - Bay County
Standard status
Active
APN
11678-725-000
Size
1,170 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BELAIRE ESTATES UNIT 4PT OF LOT 13 BLK BDESC AS:COM NE COR LOT 13 TH W
Tax Annual Amount
2057
Legal Description
BELAIRE ESTATES UNIT 4PT OF LOT 13 BLK BDESC AS:COM NE COR LOT 13 TH W
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Wall/Window Unit(s), Window Unit(s), Central Air
Building Details
Year built
1984
Floors in Building
1
Flooring type
Vinyl
Architectural style
Other
Listing Agency:
Beachy Beach Real Estate
(850) 233-4351
Listed By:
Karen K Smith · License #3102215
(850) 527-5651
Added: Aug 28
Last Checked: Sep 2 at 8:06AM
MLS# 1010826
Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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
$11,408
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
6.17%
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%
$228,160
$228.2K
Cap Rate 7%
$162,971
$163.0K
Cap Rate 9%
$126,756
$126.8K
Market Conditions
NOI Build-Up for 1,170 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
$22.2K $18.96/SF
− Vacancy
−$1.4K −$1.23/SF
EGI
$20.7K $17.73/SF
− OpEx
−$9.3K −$7.98/SF
NOI
$11.4K $9.75/SF
Area
Bay County, FL
Vacancy
6.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
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%
$228,160
Cap Rate 7%
$162,971
Cap Rate 9%
$126,756
Alternative Uses
Best Use
Apartment 5plus
$163.0K
$142.6K – $190.1K
NOI $11,408 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$340.9K
$298.3K – $397.7K
NOI $23,863 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
Where is this single family property located?
The property is located at 911 Bradley Circle Lynn Haven, FL.
What is the asking price?
The asking price for this property is $185,000.
