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    104 AVENUE K NE, Winter Haven, FL 33881

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    For Sale
    $209,000

    Mixed Use - WINTER HAVEN, FL

    Type:Mixed Use
    Property size:
    1,190 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $175/SF
    Added:
    Aug 5, 2025
    Days on Market:
    303
    Last Refresh:
    Jun 3 at 11:06 pm

    Property Features for 104 AVENUE K NE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Zoning
    MX
    Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
    Standard status
    Active
    APN
    26-28-21-584000-004121
    Size
    1,190 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1782.95

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1946
    Flooring type
    Vinyl
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    April Spaulding
    April Spaulding

    Listing agent April Spaulding License #3385437

    Listing office LPT REALTY, LLC 1400 South International Parkw, Lake Mary, FL

    Listing date Aug 5, 2025

    MLS# P4935797 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

    • Zoned MX (mixed use) concrete block building with approximately 1,191 SF of updated interior space for commercial, residential, or combined use
    • Corner property currently used for a commercial business, with a light and bright reception/front room plus adjacent dining area for flexible office use
    • Updated home with fresh interior paint, luxury vinyl plank flooring, central heating, and central air
    • Kitchen with granite countertops, white cabinetry, deep teal subway tile backsplash, and stainless steel appliances including a 2023 refrigerator
    • Renovated bathroom plus enclosed Florida room for flex space such as waiting clients, telehealth, or an on‑site studio/consultation area
    • Major updates include a 2023 roof, 2023 updated electrical panel and wiring, 2025 PVC plumbing, and a 2025 brand‑new tankless Rheem water heater; fully fenced backyard with paver patio and detached block shed for laundry/storage

    Overview

    An updated concrete block building offering flexible live-work and office use under MX (Mixed Use) zoning. Inside, the light-and-bright layout includes a spacious front room suitable for reception or a conference area, with an adjacent formal dining area that can serve as a team meeting room or secondary office. The kitchen has been updated with granite countertops, white cabinetry, stainless steel appliances, and a 2023 refrigerator. Three additional rooms with ceiling fans and windows provide adaptable space for private offices, treatment rooms, or bedrooms if used residentially. The full bathroom has been renovated with new tile and a new vanity, and an enclosed Florida room at the back adds enclosed flex space for waiting clients, telehealth, or an on-site consultation or studio setup.

    The property sits on a corner and is currently used for a commercial business. Exterior improvements include a fully fenced backyard with a paver patio, shaded sitting areas, and a detached block shed used for laundry and additional storage. Parking is available, with room for potential reconfiguration to support commercial needs. Recent updates include a new roof in 2023, updated electrical panel and wiring in 2023, PVC plumbing in 2025, and a brand-new tankless Rheem water heater in 2025.

    This offering is well suited for small business owners and independent practitioners seeking an updated, turnkey environment, as well as buyers looking for a property that can accommodate a professional office or a combined live-work setup under MX zoning.

    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 (±1% cap)
    NOI $14,953 @ 7.0% cap · market cap 7.15%
    Second Best
    Office B
    $208.8K
    $182.7K – $243.7K (±1% cap)
    NOI $14,619 @ 7.0% cap · market cap 6.99%
    Theoretical Best
    Office A
    $286.0K
    $250.2K – $333.6K (±1% cap)
    NOI $20,018 @ 7.0% cap · market cap 9.58%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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.

    Location Insight

    • Map
    • Local Demand
    City
    Winter Haven
    County
    Polk
    State
    Florida
    Longitude
    -81.725126
    Latitude
    28.032525

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    FAQs

    What type of property is this?
    Live-work space - Updated concrete block building with flexible MX zoning for an office, medical suite, or combined live-work use.
    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 approximately 1,191 SF of updated interior space for commercial, residential, or combined use; Corner property currently used for a commercial business, with a light and bright reception/front room plus adjacent dining area for flexible office use; Updated home with fresh interior paint, luxury vinyl plank flooring, central heating, and central air
    (863) 866-1044
    We can help!
    Listing Contact
    April Spaulding
    April Spaulding
    Real Estate License ID: 3385437
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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.

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