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    Property profile & analytics

    1801 Highway 77 Lynn Haven, FL 32444

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2642383
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1801 Highway 77

    Property type
    Commercial real estate

    Description

    This exceptional 94,090 square foot vacant commercial land parcel presents a unique investment opportunity in the vibrant Lynn Haven, Florida market. Located at 1801 S Highway 77, this property boasts a prime location within a densely populated area and thriving retail district. The asking price is $1,699,000. A Development Order has already been issued for the construction of an express carwash facility and a 3000 square foot retail building, streamlining the development process. All associated plans and engineering documents are included in the sale, saving significant time and expense for the buyer. The property's zoning and permitted uses should be independently verified. This ready-to-develop site offers significant potential for immediate returns. The seller is open to considering a lot split, providing flexibility for potential buyers with varying development needs. This is an exceptional opportunity to acquire a strategically located commercial property in a high-growth area of Bay County, Florida, with existing approvals in place. The property's address is 1801 S Highway 77, Lynn Haven, FL 32444. The latitude and longitude coordinates are 30.2305863, -85.6483594 respectively. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lynn Haven
    County
    Bay
    State
    Florida
    Longitude
    -85.6483594
    Latitude
    30.2305863

    Comparable in this City

    • $359,000

      Lynn Haven Commercial Land Opportunity

      Prime 0.34-acre lot, high traffic area.
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    • $550,000
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      Lynn Haven Commercial Corner Lot

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      1520 Ohio Ave, Lynn Haven, FL 32444
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    • $939,000

      Commercial Lot on Highway 77

      Commercial lot available on Highway 77 with existing concrete.
      2701 Highway 77 S, Lynn Haven, FL 32444
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    • $895,000
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      Lynn Haven Commercial Land Parcel

      Vacant commercial land parcel available for development in Lynn Haven.
      1318 Ohio Ave, Lynn Haven, FL 32444
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    • $850,000
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      Bayfront Lot in Lynn Haven

      Rare 0.8-acre waterfront lot with Gulf access.
      601 N Bay Haven Dr, Lynn Haven, FL 32444
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    • New
      $89,900
      0.30 Acres

      Land in Belaire Estates

      High and dry lot in Lynn Haven, Florida.
      Bell Cir, Lynn Haven, FL 32444
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    Similar Nearby for Sale

    • $149,000
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      Waterfront Lot in Lynn Haven

      Waterfront lot with bay/gulf access in Northshore neighborhood.
      N Harbour Dr, Lynn Haven, FL 32444
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    • $625,000

      Commercial Parcel in Lynn Haven

      Commercial land parcel near Hwy 77 and 390 intersection.
      1306 Florida Ave, Lynn Haven, FL 32444
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    • $125,000
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      Corner Lot in Lynn Haven

      Vacant corner lot suitable for residential or multi-unit development.
      710 E 14Th St, Lynn Haven, FL 32444
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    • $80,000

      Residential Lot Near the Bay

      0.26-acre residential lot near the bay in Lynn Haven.
      115 Carolina Ave, Lynn Haven, FL 32444
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    • $139,500
      0.32 Acres

      Land in Gated Lynn Haven

      Vacant lot in gated community near amenities, shopping, and restaurants.
      300 Rue Esplanade, Lynn Haven, FL 32444
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    • $69,000
      0.17 Acres

      Cleared Lot in Developing Area

      Build-ready lot near amenities and Cain Griffin Park.
      1404 Wisconsin Ave, Lynn Haven, FL 32444
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    Similar Nearby for Lease

    • $60,000
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      Lynn Haven Commercial Land Pad C

      High-traffic retail pad site, .93 acres
      2401 Fl-77, Lynn Haven, FL 32444
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    • $60,000

      Prime Pad Site on Hwy 77

      Highly visible pad site near retailers and high-traffic areas.
      2401 Fl-77, Lynn Haven, FL 32444
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    • $60,000
      40,510 SF

      Hwy 77 Prime Pad Site Lease

      High-traffic location, excellent visibility.
      2401 Lynn Haven Pkwy, Lynn Haven, FL 32444
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    • $10,000 /Mo
      15,000 SF

      Prime Panama City Office Space

      15,000 SF Office, NNN Lease
      1502 Tennessee Ave, Panama City, FL 32444
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    • $22 SF/Yr
      1,919 SF

      Lynn Haven Retail/Warehouse Space

      Renovated retail/warehouse space available in Lynn Haven, Florida.
      1519 Ohio Ave, Lynn Haven, FL 32444
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    • $3,200 /Mo
      3,200 SF

      Functional Warehouse Space Near Highway

      3,200 SF industrial unit with convenient access and functionality.
      101 Peachtree Dr, Lynn Haven, FL 32444
      View Details
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    1801 Highway 77
    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.

    More about this property
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