Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Sebring, FL Title is generated by Realmo AI

    6705 BALSAM PLACE, Sebring, FL 33875

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land - SEBRING, FL

    Lot size:
    0.23 Acres
    Added:
    Feb 27, 2026
    Days on Market:
    95
    Last Refresh:
    Jun 2 at 5:06 pm

    Property Features for 6705 BALSAM PLACE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1
    Standard status
    Active
    APN
    C-24-35-28-030-0110-0370
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    143.44

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Steven Koleno
    Steven Koleno

    Listing agent Steven Koleno License #3469487

    Listing office BEYCOME OF FLORIDA LLC 400 NW 26th Street, Miami, FL

    Listing date Feb 27, 2026

    MLS# O6386258 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.

    HighLights

    • Peaceful, private 0.23‑acre homesite surrounded by natural landscape.
    • Conveniently located approximately 15 minutes from Walmart, medical facilities, and dining.
    • Opportunity to build a custom home with space for outdoor living.
    • Power is nearby; well and septic typical for the area.
    • Close proximity to Lake Wolf and other recreational areas.
    • Located on a well‑maintained dirt road.

    Overview

    This 0.23-acre homesite is located on a well-maintained dirt road, offering privacy and a peaceful setting. The property is surrounded by natural landscape and low-density development, providing a quiet, stress-free environment away from heavy traffic and congestion. Power is nearby, with well and septic systems typical for the area. There is ample space to design a custom home with room for outdoor living. The property is conveniently located approximately 15 minutes from Walmart, medical facilities, dining, and everyday conveniences. Its proximity to Lake Wolf and other recreational areas adds to its appeal. This location presents a great opportunity to build in the Sebring area while enjoying space and privacy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Garden Center Electronics & Wireless Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sebring
    County
    Highlands
    State
    Florida
    Longitude
    -81.468457
    Latitude
    27.419301

    Nearby Similar for Sale

    • $1,200,000
      10,188 SF

      Versatile Industrial Property in Sebring

      Two buildings on over one acre, ideal for manufacturing.
      623 Park Street, Sebring, FL 33870
      View Details
    • $1,200,000
      10,188 SF

      Versatile Industrial Property in Sebring

      Two buildings on over one acre, ideal for manufacturing.
      623 Park Street, Sebring, FL 33870
      View Details
    • $750,000
      5,440 SF

      Downtown Sebring Commercial Portfolio

      Prime commercial portfolio in downtown Sebring with redevelopment potential.
      408 N Ridgewood Drive, Sebring, FL 33870
      View Details
    • $399,000
      2,886 SF

      Sebring Commercial Building For Sale

      Commercial building in downtown Sebring, an excellent investment opportunity.
      343 S Commerce Avenue, Sebring, FL 33870
      View Details
    • $3,495,000
      4,155 SF

      Turnkey Restaurant with Development Land

      Operating restaurant with expansion land along US-27 corridor.
      4040 US HIGHWAY 27 S, SEBRING, FL 33870
      View Details
    • $114,900

      Lakefront Land with 600' Frontage

      Waterfront property on Wolf Lake with multiple lots and zoning that supports both commercial and single-family residential use.
      1100 Lakeside Drive S, Sebring, FL 33875
      View Details
    • $450,000
      2,240 SF

      New Sebring Duplex Opportunity

      New 2024 duplex with income potential in Sebring, FL.
      4123 MANDARIN ROAD, SEBRING, FL 33875
      View Details
    • $447,000
      2,566 SF

      Newer Duplex in Spring Lake

      Income-producing duplex near Sebring International Raceway, fully rented.
      6301 Candler Terrace, Sebring, FL 33876
      View Details
    • $689,000
      5,300 SF

      Historic Automotive Building on Corner

      High-visibility corner lot, operating as automotive body shop.
      702 N Ridgewood Dr, Sebring, FL 33870
      View Details
    • $579,000
      214,307 SF

      Prime Commercial Development Opportunity

      4.91 acres with commercial potential in a growing area.
      2037 Sr-66 Route, Sebring, FL 33875
      View Details
    • $614,900

      Renovated Triplex in Sun 'n Lake

      Fully renovated triplex with versatile layout in Sebring, Florida.
      4702 Mercado Drive, Sebring, FL 33872
      View Details
    • $2,200,000

      Prime Commercial Lot in Sebring

      High-traffic commercial land near US 27, ideal for development.
      530 Lotus, Sebring, FL 33872
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.23-acre homesite for building a custom home in Sebring.
    Where is this residential land & home lot located?
    The property is located at 6705 BALSAM PLACE Sebring, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Peaceful, private 0.23‑acre homesite surrounded by natural landscape.; Conveniently located approximately 15 minutes from Walmart, medical facilities, and dining.; Opportunity to build a custom home with space for outdoor living.
    (844) 239-2663
    We can help!
    Listing Contact
    Steven Koleno
    Steven Koleno
    Real Estate License ID: 3469487
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    6705 BALSAM PLACE, SEBRING, FL 33875
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!