Technical
Financial
Distress signals
Property profile

1406 Minnesota Ave Lynn Haven, FL 32444

OFF-MARKET
Warehouses
Property ID
US18-1683034
2,860 SF 0.69 ac lot Built 1979
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional special-purpose property, located at 1406 Minnesota Avenue in Lynn Haven, presents a unique investment opportunity. Situated on a corner lot with high visibility on Highway 390, boasting an average daily traffic count exceeding 11,000 vehicles, this property offers unparalleled exposure. The main building comprises approximately 3,000 square feet of heated and cooled space, previously used as office space and currently generating a monthly rental income of $3600 from small apartments. The adaptable layout allows for various uses, including office space, showroom, or even a landscape/fleet/auto repair business. A secondary structure, a two-bedroom house, offers additional space easily convertible to office or showroom use. Further enhancing the property's utility is a barn with electricity, providing ample storage. The entire property is securely fenced with an electric gate access on Minnesota Avenue, ensuring privacy and security. The total lot size is not specified, and all measurements are approximate. The property is available for purchase, and owner financing may be considered. This versatile property offers significant potential for a variety of commercial ventures.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1979
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,860 SF
Lot 0.69 ac (29,985 SF)
APN 10258-000-000
UPID US18-1683034

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Roofing Company General Contractor

Location

1406 Minnesota Ave Lynn Haven, FL 32444-3854
Lynn Haven metro Census 1402 PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2024
6 recorded transactions
2024
$425,000
2021
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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