Four-Suite Mixed-Use
For Sale
$999,999
119 MAIN Street, Auburndale, FL 33823
Commercial Sale, AUBURNDALE, FL
Property Size5,186 SF
Lot Size0.20 Acres
Price / SF$192.83
Days on Market69
Property Features for 119 MAIN Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
CBD
Window features
Blinds
Appliances
Microwave, Refrigerator
Subdivision
AUBURNDALE
Lot features
Corner Lot, Curb and Gutters, City Limits, Sidewalk, Street Lights, Paved
Directions
Heading south on Berkley Road, turn left onto Old Lakeland Auburndale Rd. Continue onto Ramsgate Rd and make a slight right onto Pearl St. Turn left onto Pilaklakaha Ave. Turn right onto Bobby Green Plaza. Turn left onto S Main St. Destination will be on the right
Standard status
Active
APN
25-28-11-333000-000030
Size
5,186 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
RESUB OF LOTS 5 6 7 BLOCK B OF AUBURNDALE PB 19 PG 29 LOTS 3 & 4
Tax Annual Amount
3693
Legal Description
RESUB OF LOTS 5 6 7 BLOCK B OF AUBURNDALE PB 19 PG 29 LOTS 3 & 4
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1930
Floors in Building
1
Flooring type
Concrete, Laminate, Tile
Building materials
Frame
Roof type
Shingle
Additional Structures
Storage
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 24
Last Checked: Aug 29 at 12:06PM
MLS# S5152363
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 mixed-use commercial property includes two buildings containing four separate suites. The 5,186-square-foot asset offers a range of interior configurations, including reception areas, private offices, treatment rooms, restrooms, flexible workspace, storage, and areas suited to workshop or light production functions. Flooring includes concrete, laminate, and tile, with central heating and central air. The property was built in 1930 and has a frame construction with a shingle roof.
Located at 119 Main Street in Auburndale, the property carries CBD zoning and occupies 0.2 acres. Public water and public sewer serve the site, while phone service is available. The layout supports separate suite functionality for commercial occupancy across office, retail, service, and related uses identified in the property information.
Located at 119 Main Street in Auburndale, the property carries CBD zoning and occupies 0.2 acres. Public water and public sewer serve the site, while phone service is available. The layout supports separate suite functionality for commercial occupancy across office, retail, service, and related uses identified in the property information.
Key Highlights
- 5,186 square feet across two commercial buildings
- Four separate commercial suites with independent functionality
- 0.2‑acre site at 119 Main Street, Auburndale, FL 33823
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
$63,710
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
6.37%
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%
$1,274,200
$1.3M
Cap Rate 7%
$910,143
$910.1K
Cap Rate 9%
$707,889
$707.9K
Market Conditions
NOI Build-Up for 5,186 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
$108.9K $21.00/SF
− Vacancy
−$24.0K −$4.62/SF
EGI
$84.9K $16.38/SF
− OpEx
−$21.2K −$4.10/SF
NOI
$63.7K $12.29/SF
Area
Polk County, FL
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,274,200
Cap Rate 7%
$910,143
Cap Rate 9%
$707,889
Alternative Uses
Best Use
Office B
$910.1K
$796.4K – $1.06M
NOI $63,710 @ 7.0% cap · market cap 6.37%
Second Best
Mixed Use
$834.3K
$730.0K – $973.4K
NOI $58,401 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,237 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
Explore this area
Business Placement
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 Office 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?
Mixed-use property - Two-building commercial asset with independent suites, flexible layouts, and public water and sewer service.
Where is this mixed-use property located?
The property is located at 119 MAIN Street Auburndale, FL.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 5,186 square feet across two commercial buildings; Four separate commercial suites with independent functionality; 0.2‑acre site at 119 Main Street, Auburndale, FL 33823
