408 N Ridgewood Drive Sebring, FL 33870
COMMERCIAL - Sebring, FL
Property Features for 408 N Ridgewood Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C1
- Interior features
- Handicap Facilities, Private Restrooms
- Exterior features
- Aluminum Siding, Fenced, Stucco
- Fencing
- Fenced
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- S-29-34-29-070-0340-0031
- Size
- 5,440 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- TOWN OF SEBRING-TRANS BK-PG 6 50 X 150 FT IN NW COR OF LOT 3 + E 15 FT OF W 165 FT OF LOT 3 BLK 34
- Tax Annual Amount
- 4950
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air, Electric
Building Details
- Year built
- 1979
- Flooring type
- Concrete, Tile, Vinyl
- Building materials
- Concrete Block, Metal, Steel Or Other Metal
- Roof type
- Metal
Listing agent Kenneth Oxsalida (863) 272-2396
Listing office Paradise Real Estate International LLC 3200 US Highway 27 S Suit 102, Sebring, FL (863) 272-7540
Listing date May 11, 2026
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.
Key Highlights
- Downtown Sebring commercial portfolio with 3 buildings plus a fully fenced vacant lot totaling nearly 0.38 acres
- Main building at 408 Ridgewood has over 3,000 SF of air‑conditioned open‑concept space with two private bathrooms and a private office
- Brand‑new metal roof installed in 2026 on the main commercial building
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 | $81.6k | $15.00 |
| − Vacancy | −$8.6k | −$1.58 |
| EGI | $73.0k | $13.43 |
| − OpEx | −$21.9k | −$4.03 |
| NOI | $51.1k | $9.40 |
