Single-Story Medical Office
For Sale
$399,000
343 S Commerce Avenue, Sebring, FL 33870
Commercial, Single Story, Sebring, FL
Property Size2,886 SF
Lot Size0.17 Acres
Price / SF$138.25
Days on Market352
Property Features for 343 S Commerce Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Parking
50
Security features
Security Lighting
Patio and Porch features
Patio
Interior features
Cable TV Available, Handicap Facilities, Private Restrooms, Public Restrooms
Exterior features
Fruit Trees, Patio
Accessibility
Accessible Approach with Ramp
Directions
At the INTERSECTION of US HIGHWAY 27 and LAKEVIEW DRIVE, Travel EAST on LAKEVIEW DRIVE. Remain on LAKEVIEW DRIVE until you reach THE SEBRING CIRCLE (CIRCLE PARK DR). Turn RIGHT onto CIRCLE PARK DR. Turn RIGHT onto S. COMMERCE AVE. The property will be located to your RIGHT.
Standard status
Active
APN
S-29-34-29-070-0730-0060
Size
2,886 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
TOWN OF SEBRING 8 TH ADD PB 1-PG 3 LOT 6 BLK 73
Tax Annual Amount
5268
Legal Description
TOWN OF SEBRING 8 TH ADD PB 1-PG 3 LOT 6 BLK 73
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Building Details
Year built
1955
Floors in Building
1
Flooring type
Tile, Carpet
Building materials
Concrete Block
Roof type
Metal
Architectural style
Other
Listing Agency:
RE/MAX REALTY PLUS · RE/MAX International
(863) 385-0077
Listed By:
Emily Jones · License #3402440
(863) 446-3246
Added: Sep 23, 2025
Changed: Sep 2
Last Checked: Sep 9 at 7:06PM
MLS# 317585
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 2,886-square-foot medical office property occupies a 0.17-acre parcel and is currently configured for walk-in healthcare services. The single-story concrete block building includes four exam rooms, a reception and waiting area, file storage, a central laboratory, dedicated office and storage areas, and three restrooms, including a private physician’s restroom. A double-door entrance, rear exit, delivery/work area, front and rear parking, handicap accessibility, tile and carpet flooring, central heating and cooling, and a metal roof updated in 2018 support the existing layout.
The property is located at 343 S Commerce Avenue in Sebring, directly across from the Highlands County Courthouse, the City of Sebring Annex, a public parking lot, and other county government establishments. City water and public sewer serve the site. A 20-by-20-foot residential cottage is positioned at the rear of the property, adding a separate structure to the overall configuration. The C1 zoning supports a range of office, medical, personal service, retail, restaurant, and professional uses identified for the district.
The property is located at 343 S Commerce Avenue in Sebring, directly across from the Highlands County Courthouse, the City of Sebring Annex, a public parking lot, and other county government establishments. City water and public sewer serve the site. A 20-by-20-foot residential cottage is positioned at the rear of the property, adding a separate structure to the overall configuration. The C1 zoning supports a range of office, medical, personal service, retail, restaurant, and professional uses identified for the district.
Key Highlights
- 2,886‑square‑foot medical office building on a 0.17‑acre parcel
- Four exam rooms with reception, waiting, file storage, and central lab areas
- 20‑by‑20‑foot residential cottage at the rear of the property
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
$29,377
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
7.36%
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%
$587,540
$587.5K
Cap Rate 7%
$419,671
$419.7K
Cap Rate 9%
$326,411
$326.4K
Market Conditions
NOI Build-Up for 2,886 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
$50.2K $17.40/SF
− Vacancy
−$11.0K −$3.83/SF
EGI
$39.2K $13.57/SF
− OpEx
−$9.8K −$3.39/SF
NOI
$29.4K $10.18/SF
Area
Highlands County, FL
Vacancy
22.00%
Lease Rate
$17.40 /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%
$587,540
Cap Rate 7%
$419,671
Cap Rate 9%
$326,411
Alternative Uses
Best Use
Office B
$419.7K
$367.2K – $489.6K
NOI $29,377 @ 7.0% cap · market cap 7.36%
Second Best
Healthcare Medical
$358.7K
$313.8K – $418.4K
NOI $25,106 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$600.4K
$525.4K – $700.5K
NOI $42,029 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
951
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - C1-zoned clinic with exam rooms, lab space, private offices, and public utilities.
Where is this medical office space located?
The property is located at 343 S Commerce Avenue Sebring, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2,886‑square‑foot medical office building on a 0.17‑acre parcel; Four exam rooms with reception, waiting, file storage, and central lab areas; 20‑by‑20‑foot residential cottage at the rear of the property
