Stand-Alone Convenience Store
For Sale
$309,000
1499 N Lake Avenue, Avon Park, FL 33825
Commercial, Single Story, Avon Park, FL
Property Size2,080 SF
Lot Size0.35 Acres
Price / SF$148.56
Days on Market131
Property Features for 1499 N Lake Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Directions
From US 27 S. & Hammock Rd head north on US-27 GO 11 miles to main st (fl 64) turn right onto Main Street go 1.5 miles turn left onto N.Lake dr go 2 miles Arrive.
Standard status
Active
APN
A-15-33-28-011-0040-0000
Size
2,080 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
THE MANORS UNREC SURVEY TRACT 4 CIRCLE K
Tax Annual Amount
2754
Legal Description
THE MANORS UNREC SURVEY TRACT 4 CIRCLE K
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Building Details
Year built
1973
Floors in Building
1
Flooring type
Terrazzo
Building materials
Concrete Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
ADVANTAGE REALTY #1
(863) 386-0303
Listed By:
Ann Wilson · License #0698511
(954) 829-8320
Added: Apr 20
Changed: Aug 26
Last Checked: Aug 28 at 11:06AM
MLS# 324717
Copyright © 2026 Heartland Multiple Listing Service, Inc. 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 stand-alone commercial building contains 2,080 square feet on a 0.35-acre paved corner lot at 1499 N Lake Avenue in Avon Park, Florida. The property previously operated as a convenience store, and the sale includes the building, land, and existing equipment. Its open interior can be reconfigured for retail, office, service, or dining purposes.
Constructed in 1973, the building features concrete-block construction, terrazzo flooring, shingle roofing, central heating, central air conditioning, and electric systems. Public sewer serves the property, while the paved site includes space for large vehicles and may accommodate a truck-stop configuration. The property is zoned C1.
Constructed in 1973, the building features concrete-block construction, terrazzo flooring, shingle roofing, central heating, central air conditioning, and electric systems. Public sewer serves the property, while the paved site includes space for large vehicles and may accommodate a truck-stop configuration. The property is zoned C1.
Key Highlights
- 2,080 square feet of interior space on a 0.35‑acre paved lot
- Standalone building on a paved corner lot at 1499 N Lake Avenue
- Former convenience store with existing equipment included
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
$20,413
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
6.61%
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%
$408,260
$408.3K
Cap Rate 7%
$291,614
$291.6K
Cap Rate 9%
$226,811
$226.8K
Market Conditions
NOI Build-Up for 2,080 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
$29.2K $14.04/SF
− Vacancy
−$2.0K −$0.95/SF
EGI
$27.2K $13.09/SF
− OpEx
−$6.8K −$3.27/SF
NOI
$20.4K $9.81/SF
Area
Highlands County, FL
Vacancy
6.80%
Lease Rate
$14.04 /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%
$408,260
Cap Rate 7%
$291,614
Cap Rate 9%
$226,811
Alternative Uses
Best Use
Specialty Retail
$291.6K
$255.2K – $340.2K
NOI $20,413 @ 7.0% cap · market cap 6.61%
Second Best
Retail
$279.2K
$244.3K – $325.8K
NOI $19,547 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$432.7K
$378.6K – $504.9K
NOI $30,291 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33825, FL
24,943
Population
12,519
Households
2
Avg Household Size
49
Median Age
13%
College-Educated
83%
High-School Grad
112.8 sq mi
ZIP Area
221
Density / Sq Mi
$46,604
Median Household Income
$32,352
Median Earnings
$902
Median Rent
$152,400
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?
Grocery and convenience store - Corner-positioned commercial property with a paved site, included equipment, and an open layout suited to retail or service use.
Where is this grocery and convenience store located?
The property is located at 1499 N Lake Avenue Avon Park, FL.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: 2,080 square feet of interior space on a 0.35‑acre paved lot; Standalone building on a paved corner lot at 1499 N Lake Avenue; Former convenience store with existing equipment included
