Two-Story Mixed-Use
For Sale
$1,100,000
104 Us Highway 27 S, Avon Park, FL 33825
Commercial, Two Story, Avon Park, FL
Property Size9,743 SF
Lot Size0.87 Acres
Price / SF$112.90
Days on Market224
Property Features for 104 Us Highway 27 S
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
commercial
Interior features
Cable TV Available, Ceiling Fans, Handicap Facilities, Private Restrooms
Accessibility
Accessible Approach with Ramp
Directions
From Hammock Road take US 27 north to Avon Park to the property on the left this is a multi colored building. From Avon Park take Main Street to US 27 turn left and property will be on the right.
Standard status
Active
APN
A-21-33-28-010-0170-0100
Size
9,743 SF
Lot size
0.87 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TOWN OF AVON PARK IN 21-33 -28 S 180 FT OF LOTS 9 + 10 -PLAZA- BLK 17
Tax Annual Amount
7690
Legal Description
TOWN OF AVON PARK IN 21-33 -28 S 180 FT OF LOTS 9 + 10 -PLAZA- BLK 17
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Central, Electric (Heating)
Cooling system
Central Air, Electric, Wall Unit(s)
Building Details
Year built
1957
Floors in Building
2
Flooring type
Linoleum, Vinyl, Carpet, Carpet - Full
Building materials
Concrete Block
Architectural style
Other
Listing Agency:
ADVANTAGE REALTY #1
(863) 386-0303
Listed By:
Stephen Edward Smith
(865) 803-3045
Added: Jan 27
Changed: Sep 8
Last Checked: Sep 8 at 1:06PM
MLS# 321898
Copyright © 2026 Heartland Multiple Listing Service, Inc. 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 two-story mixed-use property contains 9,743 square feet across a 5,670-square-foot retail strip center, a 3,198-square-foot secondary building, and an 875-square-foot apartment. Existing retail occupants include a hair salon, pet store, nail salon, and bingo parlor. The improvements were built in 1957 and feature concrete block construction, public sewer, central air, electric service, private restrooms, and an accessible approach with ramp.
The 0.87-acre property is located at 104 US Highway 27 S in Avon Park, with frontage along US-27. Commercial zoning supports the existing mixed-use configuration. A redevelopment concept described for the site includes additional retail suites, climate-controlled storage, and drive-up mini-storage; buyers should independently verify feasibility, approvals, and site details.
The 0.87-acre property is located at 104 US Highway 27 S in Avon Park, with frontage along US-27. Commercial zoning supports the existing mixed-use configuration. A redevelopment concept described for the site includes additional retail suites, climate-controlled storage, and drive-up mini-storage; buyers should independently verify feasibility, approvals, and site details.
Key Highlights
- 9,743 SF mixed‑use property on 0.87 acres
- 5,670 SF retail strip center fronts US‑27
- 3,198 SF secondary building plus 875 SF apartment
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
$91,560
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
8.32%
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%
$1,831,200
$1.8M
Cap Rate 7%
$1,308,000
$1.3M
Cap Rate 9%
$1,017,333
$1.0M
Market Conditions
NOI Build-Up for 9,743 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
$146.1K $15.00/SF
− Vacancy
−$15.3K −$1.58/SF
EGI
$130.8K $13.43/SF
− OpEx
−$39.2K −$4.03/SF
NOI
$91.6K $9.40/SF
Area
Highlands County, FL
Vacancy
10.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,831,200
Cap Rate 7%
$1,308,000
Cap Rate 9%
$1,017,333
Alternative Uses
Best Use
Retail
$1.31M
$1.14M – $1.53M
NOI $91,560 @ 7.0% cap · market cap 8.32%
Second Best
Mixed Use
$1.26M
$1.10M – $1.47M
NOI $87,994 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$2.03M
$1.77M – $2.36M
NOI $141,889 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Explore this area
Business Placement
Demographics for 33825, FL
24,943
Population
12,519
Households
2
Avg Household Size
49
Median Age
13%
College-Educated
83%
High-School Grad
112.8 sq mi
ZIP Area
221
Density / Sq Mi
$46,604
Median Household Income
$32,352
Median Earnings
$902
Median Rent
$152,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property with retail space, a secondary building, and an apartment along a major highway corridor.
Where is this mixed-use property located?
The property is located at 104 Us Highway 27 S Avon Park, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 9,743 SF mixed‑use property on 0.87 acres; 5,670 SF retail strip center fronts US‑27; 3,198 SF secondary building plus 875 SF apartment
