Updated Mixed-Use
For Sale
Under Contract
$200,000
104 AVENUE K NE, Winter Haven, FL 33881
Commercial Sale, WINTER HAVEN, FL
Property Size1,190 SF
Lot Size0.14 Acres
Price / SF$168.07
Days on Market388
Property Features for 104 AVENUE K NE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MX
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Subdivision
SILVERCREST ADD
Directions
Via Crump Rd: Take Crump Rd to Country Club Rd S 5 min (2.4 mi) Head south on N Lake St toward Palm Ave W 427 ft Turn right onto W Main St 0.2 mi Continue onto Crump Rd 2.2 mi Take FL-542 W to Ave K NE 10 min (5.3 mi) Turn left onto Country Club Rd S 0.7 mi Turn right 0.5 mi Continue onto FL-542 W 3.3 mi Turn right onto 1st St N 0.5 mi Continue onto E Lake Silver Dr NE 0.2 mi Turn right onto Ave K NE : Destination will be on the right
Standard status
Active Under Contract
APN
26-28-21-584000-004121
Size
1,190 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
SILVERCREST ADD PB 13 PGS 35 35A BLK 4 LOTS 12 E 71 FT & E 71 FT OF N 20 FT OF 13
Tax Annual Amount
1783
Legal Description
SILVERCREST ADD PB 13 PGS 35 35A BLK 4 LOTS 12 E 71 FT & E 71 FT OF N 20 FT OF 13
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1946
Floors in Building
1
Flooring type
Vinyl
Building materials
Block
Roof type
Shingle
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
April Spaulding · License #3385437
(863) 866-1044
Added: Aug 5, 2025
Changed: Aug 24
Last Checked: Aug 27 at 3:06PM
MLS# P4935797
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.
Investment Insights
Based on property information with market context.
This MX-zoned mixed-use property is a concrete block building from 1946 with updated interior finishes and a flexible arrangement for office, medical, residential, or combined use. The layout includes a front room, formal dining area, kitchen, three additional rooms, a renovated full bathroom, and an enclosed Florida room. Vinyl flooring, central heating and cooling, natural light, ceiling fans, and a kitchen with granite counters and stainless steel appliances support a range of configurations. The property also includes a fully fenced backyard, paver patio, shaded seating areas, and a detached block shed with laundry and storage space.
The property is near Winter Haven Hospital, Polk State College, downtown retail, public transportation, medical offices, and recreational lakes. Public sewer is available, and the street was resurfaced in 2024. Improvements include a new roof and electrical panel and wiring in 2023, new PVC plumbing in 2025, and a tankless Rheem water heater installed in 2025. The 0.14-acre site provides space for parking or future reconfiguration.
The property is near Winter Haven Hospital, Polk State College, downtown retail, public transportation, medical offices, and recreational lakes. Public sewer is available, and the street was resurfaced in 2024. Improvements include a new roof and electrical panel and wiring in 2023, new PVC plumbing in 2025, and a tankless Rheem water heater installed in 2025. The 0.14-acre site provides space for parking or future reconfiguration.
Key Highlights
- MX zoning supports commercial, residential, or combined use
- Approximately 0.14 acres with a fully fenced backyard and paver patio
- 1946 concrete block construction with vinyl flooring and central HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,953
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$299,060
$299.1K
Cap Rate 7%
$213,614
$213.6K
Cap Rate 9%
$166,144
$166.1K
Market Conditions
NOI Build-Up for 1,190 SF
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.
Gross rent
$27.8K $23.40/SF
− Vacancy
−$2.9K −$2.46/SF
EGI
$24.9K $20.94/SF
− OpEx
−$10.0K −$8.38/SF
NOI
$15.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$299,060
Cap Rate 7%
$213,614
Cap Rate 9%
$166,144
Alternative Uses
Best Use
Healthcare Medical
$213.6K
$186.9K – $249.2K
NOI $14,953 @ 7.0% cap · market cap 7.48%
Second Best
Office B
$208.8K
$182.7K – $243.7K
NOI $14,619 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$286.0K
$250.2K – $333.6K
NOI $20,018 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,080
Businesses Nearby
Explore this area
Business Placement
Demographics for 33881, FL
38,369
Population
17,948
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
85%
High-School Grad
21.9 sq mi
ZIP Area
1,752
Density / Sq Mi
$53,867
Median Household Income
$33,941
Median Earnings
$1,153
Median Rent
$177,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - MX-zoned concrete block building with adaptable office, medical, residential, and live-work potential.
Where is this mixed-use property 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 $200,000.
What are key features of this property?
This property features: MX zoning supports commercial, residential, or combined use; Approximately 0.14 acres with a fully fenced backyard and paver patio; 1946 concrete block construction with vinyl flooring and central HVAC
