Flex Space with Warehouse
For Sale
$950,000
2914 Kenilworth Boulevard, Sebring, FL 33870
Commercial, Sebring, FL
Property Size13,611 SF
Lot Size0.60 Acres
Price / SF$69.80
Days on Market83
Property Features for 2914 Kenilworth Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Security features
Security System
Interior features
Cable TV Available, Ceiling Fans, Garage Door(s), Private Restrooms, Telephone
Directions
US 27 North - Right on Lakeview Drive toward Downtown Sebring - Right on Kenilworth Blvd to address on left
Standard status
Active
APN
S-29-34-29-010-088C-0240
Size
13,611 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
KENILWORTH PARK PER PB 2-PG 63 LOTS 24-25 + N 60 FT OF LOTS 26 + 27 BLK 88C
Tax Annual Amount
13619
Legal Description
KENILWORTH PARK PER PB 2-PG 63 LOTS 24-25 + N 60 FT OF LOTS 26 + 27 BLK 88C
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
1958
Flooring type
Concrete, Tile
Building materials
Concrete Block, Frame, Metal, Metal Frame
Roof type
Metal
Listing Agency:
ADVANTAGE REALTY #1
(863) 386-0303
Listed By:
Jeffrey Scott Wagner
(863) 214-0444
Added: Jun 7
Changed: Aug 19
Last Checked: Aug 28 at 7:06AM
MLS# 325842
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.
The sale covers the rear industrial building, comprising approximately 13,000+/- square feet within a 0.6-acre property. Improvements include multiple warehouse areas, a building measuring approximately 75' x 60' with 22' ceiling height, and another measuring approximately 160' x 40' with 17' ceiling height. Six 12' x 12' ground-level roll-up doors, an additional rear bay door, reinforced concrete areas, fencing, storm drainage, three-phase power outlets, and air lines support warehouse operations. The facility also contains two warehouse bathrooms and a 12' x 36' loft for storage or workspace.
The property is zoned C1 and includes frontage on Poinsettia Avenue. Access to the rear building will be provided through an easement between the front buildings for ingress and egress. The location is near downtown Sebring and minutes from Sebring International Raceway. Construction includes concrete block, frame, and metal components, with concrete and tile flooring, central cooling, electric heating, public sewer, and a metal roof.
The property is zoned C1 and includes frontage on Poinsettia Avenue. Access to the rear building will be provided through an easement between the front buildings for ingress and egress. The location is near downtown Sebring and minutes from Sebring International Raceway. Construction includes concrete block, frame, and metal components, with concrete and tile flooring, central cooling, electric heating, public sewer, and a metal roof.
Key Highlights
- Approximately 13,000+/- square feet of rear warehouse and industrial space
- 0.6‑acre property with frontage on Poinsettia Avenue
- Six 12' x 12' ground‑level roll‑up doors plus an additional rear bay door
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
$81,290
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
8.56%
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%
$1,625,800
$1.6M
Cap Rate 7%
$1,161,286
$1.2M
Cap Rate 9%
$903,222
$903.2K
Market Conditions
NOI Build-Up for 13,611 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
$122.5K $9.00/SF
− Vacancy
−$6.4K −$0.47/SF
EGI
$116.1K $8.53/SF
− OpEx
−$34.8K −$2.56/SF
NOI
$81.3K $5.97/SF
Area
Highlands County, FL
Vacancy
5.20%
Lease Rate
$9.00 /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%
$1,625,800
Cap Rate 7%
$1,161,286
Cap Rate 9%
$903,222
Alternative Uses
Best Use
Office B
$1.98M
$1.73M – $2.31M
NOI $138,546 @ 7.0% cap · market cap 14.58%
Second Best
Warehouse
$1.28M
$1.12M – $1.50M
NOI $89,874 @ 7.0% cap · market cap 9.46%
Theoretical Best
Office A
$2.83M
$2.48M – $3.30M
NOI $198,220 @ 7.0% cap · market cap 20.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Under-served
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 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?
Flex space - C1-zoned rear industrial facility with roll-up access, fenced areas, concrete surfaces, and three-phase power outlets.
Where is this flex space located?
The property is located at 2914 Kenilworth Boulevard Sebring, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Approximately 13,000+/- square feet of rear warehouse and industrial space; 0.6‑acre property with frontage on Poinsettia Avenue; Six 12' x 12' ground‑level roll‑up doors plus an additional rear bay door
