32379 Broadway Street Sebring, FL 33870
COMMERCIAL - Sebring, FL
Property Features for 32379 Broadway Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B3
- Interior features
- Private Restrooms, Public Restrooms, Telephone
- Exterior features
- Stucco
- Standard status
- Active
- APN
- S-26-34-28-020-0000-0090
- Size
- 9,575 SF
- Lot size
- 0.92 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- SEBRING HILLS PB 6-PG 2 LOTS 9 + 10
- Tax Annual Amount
- 14833
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1977
- Floors in Building
- 1
- Flooring type
- Concrete
- Building materials
- Concrete Block
- Architectural style
- Other
Listing agent Gregory Karlson License #3229372 (863) 381-4932
Listing office ADVANTAGE REALTY #1 743 US 27 S, Sebring, FL (863) 386-0303
Listing date Nov 19, 2025
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Investment Insights
Based on property information with market context.
The buildings sit in a heavily traveled commercial corridor with a dedicated median turn-in for access from both northbound and southbound traffic. The site is directly across from Olive Garden and Chipotle, and near Shelby Crossing Shopping Center, surrounded by national and established retailers.
Zoning is B3. The seller will also consider a long-term lease at $16 per SF if the current tenant does not renew.
Key Highlights
- Approximately 9,100 SF retail property on a high‑visibility commercial corridor, featuring three separate entrances
- Front building offers 5,800+ SF open showroom with high ceilings and clear‑span space
- Rear 3,000 SF warehouse with securely fenced open yard for equipment, inventory, or vehicle storage
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $143.6k | $15.00 |
| − Vacancy | −$15.1k | −$1.58 |
| EGI | $128.5k | $13.43 |
| − OpEx | −$38.6k | −$4.03 |
| NOI | $90.0k | $9.40 |
