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Property profile & analytics
FOR SALE
Office Spaces
1119 Florida Ave Lynn Haven, FL 32444
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US18-9184601
For Sale
1 / 20
$825,000
1119 Florida Ave, Lynn Haven, FL 32444
View Listing →
Property summary
AI-generated overview
This 6,249 square foot commercial building in Lynn Haven, Florida, sits on a 0.34-acre lot (14,810.4 sq ft) and offers versatile space ideal for various businesses. Built in 1975, the property features 3,267 square feet of office space and a 2,982 square foot warehouse with a roll-up door. The office area includes a large open space, two executive offices (one with a private bath), two additional bathrooms, a full kitchen, utility and communication rooms, and ample storage. Fifteen parking spaces are available, including handicap-accessible spots. The building has central heat and air (warehouse unit currently inoperable), and a lighted street sign enhances visibility. The property's zoning and measurements should be independently verified by the buyer. Multiple entrances and the spacious layout offer endless possibilities for a variety of commercial uses, including office supply, real estate, preschool, fitness center, or other businesses. The asking price is $750,000.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,419 SF
Lot
0.34 ac (15,000 SF)
APN
09879-000-000
UPID
US18-9184601
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Leitz Office Products Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Norman F Leitz JR · 17 yrs held
Norman F Leitz JR
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lynn Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lynn Haven submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,942
Tax year 2023
Assessed value
$245,067
Assessed 2023
Previous assessed
$200,067
+22.5% YoY
Effective rate
1.61%
On assessed value
Assessed land
$120,000
Assessed improvement
$125,067
Land market value
$120,000
Improvement market value
$125,067
Total market value
$245,067
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
10
Total area
6,419 SF
Lot
0.34 ac (15,000 SF)
APN
09879-000-000
UPID
US18-9184601
Jurisdiction
BAY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
10
Lot
0.34 ac
Current owner
From public records · entity-resolved
Norman F Leitz JR
Individual
Mailing address
8137 BRANDON RD, PANAMA CITY, FL 32404-5018
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2016
—
Norman F Leitz JR.
—
Deed
related
$260,000 · Trustmark National Bank
Sep 22, 2008
$370,000
Norman F Leitz JR
Willard Buck Dockery
Deed
$344,000 · Vision Bank
Sep 22, 2008
—
Family Life Ministries
Church Of God At Tampa
Grant Deed
related
—
—
—
Norman F Leitz JR.
—
Loan Modification
related
—
—
—
Leitz,norman & Lajoyce M
—
Loan Modification
related
—
—
—
Leitz,norman F JR & Lajoyce M
—
Loan Modification
related
—
—
—
Norman F Leitz JR.
—
Loan Modification
related
$88,096 · Centennial Bank
—
—
Norman F Leitz JR
—
Loan Modification
related
—
—
—
Norman F Leitz JR
—
Loan Modification
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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