Leased Retail
For Sale
Under Contract
$374,900
212 MAIN Street, Auburndale, FL 33823
Commercial Sale, AUBURNDALE, FL
Property Size2,715 SF
Lot Size0.13 Acres
Price / SF$138.08
Days on Market174
Property Features for 212 MAIN Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
CBD
Subdivision
AUBURNDALE
Lot features
City Limits, Sidewalk, Street Lights, Paved
Directions
From Interstate 4 take SR559 south into Auburndale. Then from SR559 south onto Main St. and property is on your right.
Standard status
Active Under Contract
APN
25-28-11-331500-008123
Size
2,715 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
AUBURNDALE PB 1 PG 26 S10 T28 R25 & S11 T28 R25 BLK H LOT 12 BEG SLY MOST COR OF LOT RUN N ALONG E LINE OF LOT 108 FT W 107.62 FT TO SWLY LINE OF LOT SELY ALONG SWLY LINE OF LOT 152.47 FT TO BEG
Tax Annual Amount
3730
Legal Description
AUBURNDALE PB 1 PG 26 S10 T28 R25 & S11 T28 R25 BLK H LOT 12 BEG SLY MOST COR OF LOT RUN N ALONG E LINE OF LOT 108 FT W 107.62 FT TO SWLY LINE OF LOT SELY ALONG SWLY LINE OF LOT 152.47 FT TO BEG
Utilities
Cooling system
Central Air, Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
1959
Floors in Building
1
Building materials
Concrete
Roof type
Membrane
Listing Agency:
CENTURY 21 MYERS REALTY · Century 21 Real Estate
(863) 875-5656
Listed By:
Jack Myers · License #558376
(863) 559-8078
Added: Mar 20
Changed: Sep 4
Last Checked: Sep 9 at 9:06PM
MLS# S5146210
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.
The property is a 2,715-square-foot retail building on a 0.13-acre site at 212 Main Street. Constructed in 1959, the building has concrete construction and a membrane roof. The interior is currently occupied by a dance studio, providing an established commercial use within the existing layout.
Located in Auburndale, the property offers access from a main thoroughfare and is positioned for visibility along Main Street. The site is zoned CBD and includes a 10-year lease term with the current occupant. Cooling features listed for the building include central air and window or wall-mounted units.
Located in Auburndale, the property offers access from a main thoroughfare and is positioned for visibility along Main Street. The site is zoned CBD and includes a 10-year lease term with the current occupant. Cooling features listed for the building include central air and window or wall-mounted units.
Key Highlights
- 2,715‑square‑foot retail building on a 0.13‑acre site
- Current dance studio occupancy with a 10‑year lease term
- CBD zoning supports the property’s commercial classification
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
$30,489
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
8.13%
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%
$609,780
$609.8K
Cap Rate 7%
$435,557
$435.6K
Cap Rate 9%
$338,767
$338.8K
Market Conditions
NOI Build-Up for 2,715 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
$47.2K $17.40/SF
− Vacancy
−$3.7K −$1.36/SF
EGI
$43.6K $16.04/SF
− OpEx
−$13.1K −$4.81/SF
NOI
$30.5K $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%
$609,780
Cap Rate 7%
$435,557
Cap Rate 9%
$338,767
Alternative Uses
Best Use
Retail
$435.6K
$381.1K – $508.2K
NOI $30,489 @ 7.0% cap · market cap 8.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.4K
$570.9K – $761.2K
NOI $45,671 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
60k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 32%
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
0.3 miles
Hardee's
Dining
7,935 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - CBD-zoned commercial space occupied by a dance studio under a long-term lease.
Where is this retail space located?
The property is located at 212 MAIN Street Auburndale, FL.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: 2,715‑square‑foot retail building on a 0.13‑acre site; Current dance studio occupancy with a 10‑year lease term; CBD zoning supports the property’s commercial classification
