Corner Retail
For Sale
$649,500
109 W BRIDGERS Avenue, Auburndale, FL 33823
Commercial Sale, AUBURNDALE, FL
Property Size4,180 SF
Lot Size0.88 Acres
Price / SF$155.38
Days on Market69
Property Features for 109 W BRIDGERS Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
GC
Subdivision
AUBURNDALE HEIGHTS
Lot features
Corner Lot, Oversized Lot, Sidewalk, Paved
Directions
Heading south on Berkley Rd, turn left onto Old Lakeland Auburndale Rd. Continue onto Ramsgate Rd. Slight right onto Pearl St. Turn left onto Pilaklakaha Ave. Turn right onto McKean St. Turn left onto W Bridgers Ave. Destination will be on the right
Standard status
Active
APN
25-28-11-336500-001030
Size
4,180 SF
Lot size
0.88 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
***DEED APPEARS IN ERROR*** AUBURNDALE HGTS PB 2 PG 13 BLK 1 LOTS 3 & 4 & VACATED ALLEY LYING W OF SAME & LOT 21 E 60 FT & LOT 22 E 60 FT & VACATED ALLEY LYING E OF LOTS 21 & 22 & LOT 19 E 7 FT & LOT 20 E 7 FT & N 1.6 FT OF E 60 FT LESS E 7 FT & BENN ETTS RESUBDIVISION PB 11 PG 50 BLK 1 LOTS 1 THRU 7
Tax Annual Amount
6066
Legal Description
***DEED APPEARS IN ERROR*** AUBURNDALE HGTS PB 2 PG 13 BLK 1 LOTS 3 & 4 & VACATED ALLEY LYING W OF SAME & LOT 21 E 60 FT & LOT 22 E 60 FT & VACATED ALLEY LYING E OF LOTS 21 & 22 & LOT 19 E 7 FT & LOT 20 E 7 FT & N 1.6 FT OF E 60 FT LESS E 7 FT & BENN ETTS RESUBDIVISION PB 11 PG 50 BLK 1 LOTS 1 THRU 7
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
paved parking
HVAC infrastructure
flexible floor plans
Building Details
Year built
1958
Floors in Building
1
Flooring type
Laminate
Building materials
Concrete
Listing Agency:
CENTURY 21 MYERS REALTY · Century 21 Real Estate
(863) 875-5656
Listed By:
Tony Acosta · License #3108388
(863) 224-5956
Added: Jun 22
Changed: Aug 28
Last Checked: Aug 29 at 12:06PM
MLS# S5151657
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,180-square-foot retail property occupies a 0.88-acre corner lot and includes a large open interior, multiple rooms, and flexible floor-plan options. The 1958 concrete building has laminate flooring, central heating, and central air conditioning. Zoning is GC, with public water and public sewer serving the property.
Paved parking supports the building, while the corner position provides exposure to surrounding established residential neighborhoods. The interior configuration and existing HVAC infrastructure allow for a range of commercial layouts, subject to applicable approvals.
Paved parking supports the building, while the corner position provides exposure to surrounding established residential neighborhoods. The interior configuration and existing HVAC infrastructure allow for a range of commercial layouts, subject to applicable approvals.
Key Highlights
- 4,180‑square‑foot retail building on a 0.88‑acre lot
- GC zoning with public water and public sewer
- Corner‑lot position surrounded by established residential neighborhoods
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,941
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$938,820
$938.8K
Cap Rate 7%
$670,586
$670.6K
Cap Rate 9%
$521,567
$521.6K
Market Conditions
NOI Build-Up for 4,180 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$72.7K $17.40/SF
− Vacancy
−$5.7K −$1.36/SF
EGI
$67.1K $16.04/SF
− OpEx
−$20.1K −$4.81/SF
NOI
$46.9K $11.23/SF
Area
Polk County, FL
Vacancy
7.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$938,820
Cap Rate 7%
$670,586
Cap Rate 9%
$521,567
Alternative Uses
Best Use
Retail
$670.6K
$586.8K – $782.4K
NOI $46,941 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$878.9K – $1.17M
NOI $70,314 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
878
Businesses Nearby
63k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 36%
Electronics 1%
SONIC Drive In
Dining
15,391 visits/mo
0.3 miles
7-Eleven
Shops & Services
13,568 visits/mo
0.2 miles
Checkers
Dining
8,843 visits/mo
0.4 miles
Hardee's
Dining
7,935 visits/mo
0.2 miles
Beef 'O' Brady's
Dining
7,554 visits/mo
0.3 miles
Demographics for 33823, FL
33,733
Population
15,383
Households
2.2
Avg Household Size
42
Median Age
17%
College-Educated
86%
High-School Grad
34.9 sq mi
ZIP Area
967
Density / Sq Mi
$64,248
Median Household Income
$39,187
Median Earnings
$1,068
Median Rent
$234,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Open-plan commercial building with paved parking, multiple rooms, and existing central HVAC systems.
Where is this retail space located?
The property is located at 109 W BRIDGERS Avenue Auburndale, FL.
What is the asking price?
The asking price for this property is $649,500.
What are key features of this property?
This property features: 4,180‑square‑foot retail building on a 0.88‑acre lot; GC zoning with public water and public sewer; Corner‑lot position surrounded by established residential neighborhoods
