Updated Medical District Office
104 Avenue K NE Winter Haven, FL 33881
104 Avenue K NE, Winter Haven, FL, 33881
$209,000
For Sale
$209,000
Updated concrete block building with flexible commercial or residential layout, private rooms, and a renovated full bath.
Property Size1,190 SF
Price / SF$175.63
Days on Market362
Property Features for 104 Avenue K NE
General Information
- Standard status
- Active
- Size
- 1,190 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1946
Listing agency
LPT REALTY, LLC
(877) 366-2213
Listed by
April Spaulding · License #3385437
Source
Xome
Added: Jul 25, 2025 Updated: Jul 21 at 3:56AM Checked: Jul 21 at 3:56AM
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 LPT REALTY, LLC
Investment Insights
Based on property information with market context.
An updated concrete block property in the city’s Medical District provides flexible space for a professional office, medical suite, or live-work use. The interior features a light and bright layout with fresh paint and luxury vinyl plank flooring. A spacious front room can support reception or conference use, while an adjacent formal dining area can function as a second office or meeting space. Additional rooms with ceiling fans and windows provide options for private offices, treatment rooms, or bedrooms if used residentially. The kitchen is updated with granite countertops, white cabinetry, open shelving, and stainless steel appliances, and the full bathroom has been completely renovated.
Toward the back, an enclosed Florida room offers additional flex space. Exterior amenities include a fully fenced backyard with paver patio and shaded sitting areas, plus a detached block shed used for laundry and storage.
Recent improvements include a new roof (2023), updated electrical panel and wiring (2023), new PVC plumbing (2025), and a brand-new tankless Rheem water heater (2025). The property is zoned MX (Mixed Use) and is located on a corner lot with parking space and potential reconfiguration for commercial needs.
Toward the back, an enclosed Florida room offers additional flex space. Exterior amenities include a fully fenced backyard with paver patio and shaded sitting areas, plus a detached block shed used for laundry and storage.
Recent improvements include a new roof (2023), updated electrical panel and wiring (2023), new PVC plumbing (2025), and a brand-new tankless Rheem water heater (2025). The property is zoned MX (Mixed Use) and is located on a corner lot with parking space and potential reconfiguration for commercial needs.
Key Highlights
- Zoned MX (Mixed Use) concrete block building with flexible commercial, residential, or combined‑use options
- Approximately 1,191 SF updated interior with a light‑and‑bright layout plus multiple private rooms/offices
- Renovated full bathroom with updated tile and new vanity
Local Financial Insights For Healthcare Medical
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 | $27.8k | $23.40 |
| − Vacancy | −$2.9k | −$2.46 |
| EGI | $24.9k | $20.94 |
| − OpEx | −$10.0k | −$8.38 |
| NOI | $15.0k | $12.57 |
1,190 SF · lease $23.40/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$213.6K
$186.9K – $249.2K
NOI $14,953 @ 7.0% cap · market cap 7.15%
Second Best
Office B
$208.8K
$182.7K – $243.7K
NOI $14,619 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$286.0K
$250.2K – $333.6K
NOI $20,018 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Updated concrete block building with flexible commercial or residential layout, private rooms, and a renovated full bath.
Where is this live-work space located?
The property is located at 104 Avenue K NE Winter Haven, FL.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: Zoned MX (Mixed Use) concrete block building with flexible commercial, residential, or combined‑use options; Approximately 1,191 SF updated interior with a light‑and‑bright layout plus multiple private rooms/offices; Renovated full bathroom with updated tile and new vanity
