Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    646 Memorial Dr Sebring, FL 33870

    Sponsored
    For Sale
    $440,000

    LAND - Sebring, FL

    Lot size:
    3.28 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 2 at 8:06 pm

    Property Features for 646 Memorial Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R1A
    APN
    C-12-34-28-020-00C0-0010
    Lot size
    3.28 Acres

    We can help!

    Listing Contact
    Carlene Clark
    Carlene Clark

    Berkshire Hathaway Florida Properties Group

    Listing agent Carlene Clark

    Listing date Feb 27, 2026

    MLS# 323701 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Lakefront Land in Sebring, FL

    This 3.28-acre property in Sebring, Florida, offers lakefront and lakeview opportunities. Subdivided into 8 lots, including 4 lakefront and 4 dry lots, the property allows for the construction of up to 8 homes. Situated on Lake Sebring, a 468-acre natural freshwater lake with a maximum depth of 17 feet, the cleared land provides opportunities for recreational activities such as fishing and boating. Located in Highlands County, the property offers a laid-back lifestyle and proximity to metropolitan areas, being less than 2 hours from Orlando and Tampa.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sebring
    County
    Highlands
    State
    Florida
    Longitude
    -81.491123
    Latitude
    27.527047

    Nearby Similar for Sale

    • $689,000
      5,300 SF

      Historic Sebring Corner Lot Building

      High-visibility commercial building with automotive shop and vacant land.
      702 N Ridgewood Dr, Sebring, FL 33870
      View Details
    • $1,384,500
      6,725 SF

      Income Producing Commercial Building

      Commercial building with lease in place, high visibility, ample parking.
      4343 Sun N Lake Blvd, Sebring, FL 33872
      View Details
    • New
      $855,000
      3,792 SF

      Income-Producing Sebring Quadruplex

      Well-maintained quadruplex with income potential in Sebring, Florida.
      6213 Candler Ter, Sebring, FL 33876
      View Details
    • $399,000
      2,886 SF

      Sebring Commercial Building For Sale

      Commercial building in downtown Sebring, an excellent investment opportunity.
      343 S Commerce Ave, Sebring, FL 33870
      View Details
    • $200,000
      1,178 SF

      Sebring Corner Lot Commercial Property

      Corner lot commercial property with strong visibility and accessibility.
      3603 Kenilworth Blvd, Sebring, FL 33870
      View Details
    • Contact for pricing
      2,900 SF

      Retail Space in Sebring, FL

      Retail space available in Desoto Square shopping center.
      3220 Us 27 Hwy S, Sebring, FL 33870
      View Details
    • $500,000
      4,768 SF

      Downtown Sebring Mixed-Use Investment

      Well-maintained mixed-use property in Downtown Sebring with income potential.
      2160 Lakeview Dr, Sebring, FL 33870
      View Details
    • Contact for pricing
      0.19 Acres

      Land in Sebring, Florida

      Charming land in Sebring, Florida, close to local amenities.
      3214 Sr-66, Sebring, FL 33875
      View Details
    • $1,364,500
      7,615 SF

      Income Producing Commercial Building

      Commercial building with two spaces, both currently leased.
      4409 Sun N Lake Blvd, Sebring, FL 33872
      View Details
    • $1,199,000
      5.00 Acres

      Farm/Estate Investment Opportunity

      5-acre estate near Lake Istokpoga with income potential.
      3675 Us Highway 98, Sebring, FL 33876
      View Details
    • $200,000
      0.19 Acres

      Sebring Corner Lot Commercial Property

      Corner lot commercial property with strong visibility and accessibility.
      3603 Kenilworth Blvd, Sebring, FL 33870
      View Details
    • $244,500
      1,920 SF

      Move-in Ready Villa in Sebring

      Villa with open floor plan, crown molding, and screened porch.
      2937 Golf Hammock Dr, Sebring, FL 33872
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3.28 acres of cleared land with lake views.
    Where is this residential land & home lot located?
    The property is located at 646 Memorial Dr Sebring, FL.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: - Lakefront and Lakeview property on Lake Sebring; - Subdivided into 8 Lots (4 Lake Front and 4 Dry), allowing for the construction of multiple homes; - Almost 3 1/2 acres of cleared land
    (863) 441-0200
    Request Owner's contact information
    646 Memorial Dr Sebring, FL 33870
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    646 Memorial Dr
    Sebring, FL 33870
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    646 Memorial Dr Sebring, FL 33870
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Carlene Clark
    Carlene Clark
    (863) 441-0200 (863) 402-5701
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!