Winter Haven Medical Building For
For Sale
Contact for pricing
1020 5th St SE, Winter Haven, FL 33880
1,785 SF move-in ready medical building in Winter Haven, Florida.
Property Size1,785 SF
Price / SF$308.12
Days on Market951
Property Features for 1020 5th St SE
General Information
Standard status
Active
Size
1,785 SF
Class
A
Property subtype
Office
Listing Agency:
I4 Properties Group
Listed By:
Chris Adams · License #BK3256045
(407) 404-4844
Source:
Crexi
Added: Feb 29, 2024
Changed: Oct 1
Last Checked: Oct 7 at 11:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of I4 Properties Group
Investment Insights
Based on property information with market context.
Located in Winter Haven, Florida, the property at 1020 5th Street SE is a 1,785 square-foot, single-story medical building available for sale. The property is move-in ready and in good condition. The building was formerly a dentist office, and the option exists to retain the existing furniture. Monument signage is available. This property is suitable for medical professionals looking to establish or expand their practice.
Key Highlights
- Prime location in Winter Haven's established medical row.
- Move‑in ready condition, ideal for immediate practice setup.
- Unique single‑story medical building, the only one of its kind available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,430
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,600
$448.6K
Cap Rate 7%
$320,429
$320.4K
Cap Rate 9%
$249,222
$249.2K
Market Conditions
NOI Build-Up for 1,785 SF
Gross rent
$41.8K $23.40/SF
− Vacancy
−$4.4K −$2.46/SF
EGI
$37.4K $20.94/SF
− OpEx
−$15.0K −$8.38/SF
NOI
$22.4K $12.57/SF
Area
Polk County, FL
Vacancy
10.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,600
Cap Rate 7%
$320,429
Cap Rate 9%
$249,222
Alternative Uses
Best Use
Healthcare Medical
$320.4K
$280.4K – $373.8K
NOI $22,430 @ 7.0% cap · market cap 4.08%
Second Best
Office B
$313.3K
$274.1K – $365.5K
NOI $21,929 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$429.0K
$375.3K – $500.5K
NOI $30,027 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,711
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33880, FL
42,005
Population
17,055
Households
2.5
Avg Household Size
38
Median Age
17%
College-Educated
84%
High-School Grad
32.4 sq mi
ZIP Area
1,296
Density / Sq Mi
$56,803
Median Household Income
$35,051
Median Earnings
$1,128
Median Rent
$200,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 1,785 SF move-in ready medical building in Winter Haven, Florida.
Where is this medical office space located?
The property is located at 1020 5th St SE Winter Haven, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Prime location in Winter Haven's established medical row.; Move‑in ready condition, ideal for immediate practice setup.; Unique single‑story medical building, the only one of its kind available.
