Flex Warehouse with Bay
For Sale
$725,000
177 Us Highway 27 S, Sebring, FL 33870
Commercial, Single Story, Sebring, FL
Property Size3,300 SF
Lot Size0.68 Acres
Price / SF$219.70
Days on Market164
Property Features for 177 Us Highway 27 S
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Directions
From US 27 & Sebring Pkwy head south,shorthly after the intersection at Flare Rd the property is on the right
Standard status
Active
APN
S-23-34-28-020-00C0-0060
Size
3,300 SF
Lot size
0.68 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LAKE JACKSON BLVD SUB TB-PG 10 NWLY 10 FT OF LOT 5 + LOT 6-LESS N 20 FT + LESS W 17 FT + LESS HWY R/W BLK C W OF US 27
Tax Annual Amount
4997
Legal Description
LAKE JACKSON BLVD SUB TB-PG 10 NWLY 10 FT OF LOT 5 + LOT 6-LESS N 20 FT + LESS W 17 FT + LESS HWY R/W BLK C W OF US 27
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
2006
Floors in Building
1
Architectural style
Other
Listing Agency:
ADVANTAGE REALTY #1
(863) 386-0303
Listed By:
Benjamin Sommerville · License #3606976
(863) 414-8045
Added: Mar 17
Changed: Aug 19
Last Checked: Aug 27 at 9:06PM
MLS# 324075
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 high-visibility flex warehouse property was previously operated as a drive-through convenience store and offers a functional combination of office space and an open warehouse area. The warehouse includes two large bay doors for straightforward loading and operational flexibility. In addition, the site includes a separate storage building and a large paved area suitable for parking and/or inventory display.
The property is located directly on US 27 in Sebring, FL, providing direct, convenient access for customers and daily operations. The property is zoned C1.
Owner financing is available. The overall setup is designed to support a range of practical uses, including retail sales, contractor or service-based businesses, equipment storage, automotive use, distribution, and showroom-style operations, subject to applicable approvals.
The property is located directly on US 27 in Sebring, FL, providing direct, convenient access for customers and daily operations. The property is zoned C1.
Owner financing is available. The overall setup is designed to support a range of practical uses, including retail sales, contractor or service-based businesses, equipment storage, automotive use, distribution, and showroom-style operations, subject to applicable approvals.
Key Highlights
- High‑visibility commercial property directly on US 27 in Sebring
- Previously operated as a drive‑through convenience store with functional office and open warehouse layout
- Open warehouse includes two large bay doors for easy drive‑in access
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
$21,790
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
3.01%
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%
$435,800
$435.8K
Cap Rate 7%
$311,286
$311.3K
Cap Rate 9%
$242,111
$242.1K
Market Conditions
NOI Build-Up for 3,300 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
$26.9K $8.16/SF
− Vacancy
−$1.3K −$0.39/SF
EGI
$25.6K $7.77/SF
− OpEx
−$3.8K −$1.17/SF
NOI
$21.8K $6.60/SF
Area
Highlands County, FL
Vacancy
4.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
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%
$435,800
Cap Rate 7%
$311,286
Cap Rate 9%
$242,111
Alternative Uses
Best Use
Warehouse
$311.3K
$272.4K – $363.2K
NOI $21,790 @ 7.0% cap · market cap 3.01%
Second Best
Flex RnD
$310.6K
$271.7K – $362.3K
NOI $21,739 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$686.6K
$600.7K – $801.0K
NOI $48,059 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33870, FL
24,238
Population
13,933
Households
1.7
Avg Household Size
51
Median Age
18%
College-Educated
84%
High-School Grad
95.3 sq mi
ZIP Area
254
Density / Sq Mi
$50,606
Median Household Income
$28,475
Median Earnings
$977
Median Rent
$154,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse with office space, open warehouse area, and two large bay doors, plus a separate storage building.
Where is this flex space located?
The property is located at 177 Us Highway 27 S Sebring, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: High‑visibility commercial property directly on US 27 in Sebring; Previously operated as a drive‑through convenience store with functional office and open warehouse layout; Open warehouse includes two large bay doors for easy drive‑in access
