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    Commercial Building in Growing Area Title is generated by Realmo AI

    43 E Main St, Avon Park, FL 33825

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    For Sale
    $1,900,000

    Commercial Building - Avon Park, FL

    Property size:
    16,202 SF
    Lot size:
    1.10 Acres
    Price / SF:
    $117/SF
    Added:
    Sep 17, 2025
    Days on Market:
    262
    Last Refresh:
    Jun 5 at 11:06 pm

    Property Features for 43 E Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    200
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Parking features
    Garage
    Standard status
    Active
    APN
    A-22-33-28-010-0480-0170
    Size
    16,202 SF
    Lot size
    1.10 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    5715

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Year built
    1973
    Year renovated
    1973
    Floors in Building
    1
    Building materials
    Stucco
    Roof type
    Metal, Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Sara Pipal
    Sara Pipal

    Listing agent Sara Pipal

    Listing office The Pipal Group 255 E Interlake Blvd, Lake Placid, FL

    Listing date Sep 17, 2025

    MLS# 11576043 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Three commercial buildings and multiple parking lots on 1.10 acres.
    • Prime location with approximately 194 feet of Main Street frontage.
    • Outstanding visibility and access across nearly three city blocks.
    • Located next to the historic Jacaranda Hotel and near Lake Verona and Donaldson Park.
    • Limitless potential uses: retail, dining, office, or mixed‑use.
    • Opportunity to be part of economic growth and community development.

    Overview

    This unique property features three commercial buildings and multiple parking lots situated on 1.10 acres, spanning nearly three city blocks. The property offers approximately 194 feet of frontage on Main Street, 236 feet along N. Verona Avenue, and 189 feet on E. Waycross Street, providing significant visibility and access. Located adjacent to the historic Jacaranda Hotel and approximately 700 feet from Lake Verona and Donaldson Park, the property is positioned in a growing, vibrant area. The potential uses for the property include retail, dining, office space, or a mixed-use concept. This property, located in Avon Park, FL 33825, includes the following PIDs: A22332801004800170, A22332801004800130, A22332801004800161, A22332801004800090, A22332801004800160. The property is zoned 200 and has a property size of 16202 Square Feet.

    Local Financial Insights For Office B

    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 $281.9k $17.40
    − Vacancy −$62.0k −$3.83
    EGI $219.9k $13.57
    − OpEx −$55.0k −$3.39
    NOI $164.9k $10.18
    16,202 SF · lease $17.40/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.36M
    $2.06M – $2.75M (±1% cap)
    NOI $164,920 @ 7.0% cap · market cap 8.68%
    Second Best
    Retail
    $2.18M
    $1.90M – $2.54M (±1% cap)
    NOI $152,258 @ 7.0% cap · market cap 8.01%
    Theoretical Best
    Office A
    $3.37M
    $2.95M – $3.93M (±1% cap)
    NOI $235,953 @ 7.0% cap · market cap 12.42%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Avon Park
    County
    Highlands
    State
    Florida
    Longitude
    -81.500754
    Latitude
    27.596067

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    FAQs

    What type of property is this?
    Mixed-use property - Three commercial buildings on 1.10 acres in vibrant Avon Park.
    Where is this mixed-use property located?
    The property is located at 43 E Main St Avon Park, FL.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: Three commercial buildings and multiple parking lots on 1.10 acres.; **Prime location with approximately 194 feet of Main Street frontage.**; **Outstanding visibility and access across nearly three city blocks.**
    (863) 659-1451
    We can help!
    Listing Contact
    Sara Pipal
    Sara Pipal
    Real Estate License ID: BK3325840
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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