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    632 1ST STREET S Winter Haven, FL 33880

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    For Sale
    $506,889

    Retail - WINTER HAVEN, FL

    Type:Retail
    Property size:
    2,300 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $220/SF
    Added:
    Jan 7, 2025
    Days on Market:
    473
    Last Refresh:
    Apr 25 at 1:06 pm

    Property Features for 632 1ST STREET S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    RP
    Standard status
    Active
    APN
    26-28-28-616500-000230
    Size
    2,300 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    2255

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1953
    Building materials
    Block, Frame, Stucco
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Chris Renfro
    Chris Renfro

    Listing agent Chris Renfro License #3425065

    Listing office KELLER WILLIAMS REALTY SMART 218 E. Pine Street, Lakeland, FL

    Listing date Jan 7, 2025

    MLS# L4949801 Listing URL

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

    Overview

    Winter Haven Retail Storefront Opportunity

    This 2,300 square foot retail storefront is located in Winter Haven's active commercial corridor. Situated along a high-traffic main road, the property benefits from strong daily exposure. The building features a double-glass entry and a versatile interior layout with multiple work or display areas. There are two bathrooms, including one that is ADA-compliant. Ramped entry points and ample on-site parking are additional features. The exterior is clean and professional. Zoned C-3, this space is adaptable for a variety of business uses, from boutique retail and professional offices to service-based operations. The property is offered in conjunction with 524 1st St S, Winter Haven, FL 33880. Together they present an opportunity to own two adjacent commercial assets in a thriving downtown market. The lot size is 0.14 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Health Food Center ... Specialty Food Shop

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Designs By Lakeland — 332 3rd St NW, Winter Haven, FL 33881
    • Angelic Flowers — 421 2nd St NW, Winter Haven, FL 33881
    • Same Day Flower Delivery in Winter Haven, FL, 33881 by your FTD florist Designs By Lakeland Flowers 863-647-1871 — 332 3rd st nw, winter haven, fl 33881
    • Weddings & More By Mary — 301 3rd St NW # 325, Winter Haven, FL 33881

    Location Insight

    • Map
    • Local Demand
    City
    Winter Haven
    County
    Polk
    State
    Florida
    Longitude
    -81.7265
    Latitude
    28.015723

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    FAQs

    What type of property is this?
    Storefront property - 2,300 sq ft retail space in active commercial corridor.
    Where is this storefront property located?
    The property is located at 632 1ST STREET S Winter Haven, FL.
    What is the asking price?
    The asking price for this property is $506,889.
    What are key features of this property?
    This property features: High‑traffic location on a main road in Winter Haven's commercial corridor, providing exceptional visibility and accessibility.; Versatile interior layout suitable for retail, office, or mixed‑use operations, with multiple work/display areas.; Zoned C‑3, allowing for a wide range of business uses.
    (407) 467-5760
    We can help!
    Listing Contact
    Chris Renfro
    Chris Renfro
    Real Estate License ID: 3425065
    Learn More
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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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