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    2211 Hwy 77 Hwy Lynn Haven, FL 32444
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    2211 Hwy 77 Hwy Lynn Haven, FL 32444

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    • Office properties & Spaces
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    Cap Rate Potential
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    • Office properties & Spaces

    Property Details for 2211 Hwy 77 Hwy

    Property type
    Office properties & Spaces

    Description

    This exceptional 2,450 square foot office space is ideally situated in a centrally located Lynn Haven office park, offering convenient access to major retailers. The single-tenant unit, designated as 101, is available for lease at a rate of $15.00 per square foot, plus NNN charges. The building is a two-story structure, encompassing a total of one suite. The lease includes basic utilities, a significant advantage for tenants: water, electricity, sewer, and trash removal are all covered within the rental cost. This presents a cost-effective and convenient solution for businesses seeking a well-located and functional office space. The property's location provides excellent visibility and accessibility, making it an attractive option for a variety of businesses. The absence of a lot size indicates the property is likely part of a larger development. The property's APN is 11613-061-000. This turnkey office space is ready for immediate occupancy and offers a fantastic opportunity for businesses looking to establish or expand their presence in a thriving commercial area. Inquire today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lynn Haven
    County
    Bay
    State
    Florida
    Longitude
    -85.6491
    Latitude
    30.2242

    Comparable in this City

    • Value Estimation
      $540,000
      2,802 SF

      2911 Hwy 77

      OFFICE (GENERAL) • 2,802 SF
      2911 Hwy 77, Lynn Haven, FL 32444-5613
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    • Value Estimation
      $1,350,000
      3,724 SF

      1705 Alabama Ave

      OFFICE (GENERAL) • 3,724 SF
      1705 Alabama Ave, Lynn Haven, FL 32444-4243
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    • Value Estimation by Request
      4,769 SF

      1717 10th Ave

      OFFICE (GENERAL) • 4,769 SF
      1717 10th Ave, Lynn Haven, FL 32444-4220
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    • Value Estimation by Request
      1,250 SF

      105 7th St

      OFFICE (GENERAL) • 1,250 SF
      105 7th St, Lynn Haven, FL 32444-1817
      View Details
    • Value Estimation by Request
      3,020 SF

      1010 Florida Ave

      OFFICE (GENERAL) • 3,020 SF
      1010 Florida Ave, Lynn Haven, FL 32444-2340
      View Details
    • Value Estimation by Request
      4,760 SF

      401 14th St

      OFFICE (GENERAL) • 4,760 SF
      401 14th St, Lynn Haven, FL 32444-3789
      View Details

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    Similar Nearby for Lease

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      Lynn Haven Office Space

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      Professional Office Center For Rent

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    • $508,857
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      Retail Space Available For Rent

      Retail space available for lease in Lynn Haven, Florida.
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    Lynn Haven, FL 32444
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    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.

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