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    Property profile & analytics

    740 Ohio Ave Lynn Haven, FL 32444

    • Parking lots & garages
    • 0.31 lot acres
    OFF-MARKET
    Last Sale
    Dec 20, 2023
    $800,000
    Value Estimations
    $685,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3499912
    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

    • Parking lots & garages

    Property Details for 740 Ohio Ave

    Lot size
    0.31 lot acres
    Property type
    Parking lots & garages
    APN
    09470-000-000
    APU
    9470000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $685,000
      ML approach
      $760,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lynn Haven
    County
    Bay
    State
    Florida
    Longitude
    -85.6483
    Latitude
    30.2471
    CBSA code
    37460
    CBSA name
    PANAMA CITY-LYNN HAVEN, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,633
    $161,704
    $5,670
    $167,374
    -
    $161,704
    $5,670
    $167,374

    Comparable in this City

    • Value Estimation
      $235,000
      0.03 Acres

      Georgia Ave

      PARKING LOT • 0.03 Acres
      Georgia Ave, Lynn Haven, FL 32444
      View Details
    • Value Estimation
      $975,000
      3,655 SF

      2516 Hwy 77

      CAR WASH • 3,655 SF
      2516 Hwy 77, Lynn Haven, FL 32444-4720
      View Details
    • Value Estimation
      $275,000
      1,863 SF

      1511 Delaware Ave

      VEHICLE SALES, RENTALS • 1,863 SF
      1511 Delaware Ave, Lynn Haven, FL 32444-4031
      View Details
    • Value Estimation
      $235,000
      2,000 SF

      112 Mosley Dr

      AUTO REPAIR, GARAGE • 2,000 SF
      112 Mosley Dr, Lynn Haven, FL 32444-5600
      View Details
    • Value Estimation
      $405,000
      8,355 SF

      2602 Hwy 77

      CAR WASH • 8,355 SF
      2602 Hwy 77, Lynn Haven, FL 32444-5618
      View Details
    • Value Estimation
      $1,530,000
      12,269 SF

      1610 Ohio Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 12,269 SF
      1610 Ohio Ave, Lynn Haven, FL 32444-3747
      View Details

    Similar Nearby for Sale

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      Prime Lynn Haven Retail Center

      High-traffic location, 16,044 SF
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    • $525,000
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      Versatile Commercial Property on Ohio Ave

      High-visibility commercial property in Lynn Haven, suitable for various businesses.
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    • $139,500
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      Land in Gated Lynn Haven

      Vacant lot in gated community near amenities, shopping, and restaurants.
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    • $69,000
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      Cleared Lot in Developing Area

      Build-ready lot near amenities and Cain Griffin Park.
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      Lynn Haven Vacant Land Parcel

      2.99 acres of vacant land ready for development.
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    • $69,000
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      Residential Lot Near Anderson Bayou

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    Similar Nearby for Lease

    • $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
      View Details
    • $18 SF/Yr
      1,260 SF

      Retail Space in Lynn Haven

      Retail space available in high-demand shopping center on Highway 77.
      1812 Highway 77 S, Lynn Haven, FL 32444
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    • $60,000
      40,511 SF

      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
      40,510 SF

      Hwy 77 Prime Pad Site Lease

      High-traffic location, excellent visibility.
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    • $18 SF/Yr
      22,963 SF

      Professional Office Center For Rent

      Professional office center in Lynn Haven, Florida, available for rent.
      2211 Lynn Hvn, Lynn Haven, FL 32444
      View Details
    • $10,000 /Mo
      15,000 SF

      Prime Panama City Office Space

      15,000 SF Office, NNN Lease
      1502 Tennessee Ave, Panama City, FL 32444
      View Details
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    740 Ohio Ave
    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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