Remodeled Mixed-Use Office
For Sale
$1,500,000
1062 US Hwy 92, Auburndale, FL 11358
Completely remodeled 7,520 SF building offers flexible interior space for offices, retail, and other uses.
Property Size7,520 SF
Price / SF$199.47
Days on Market137
Property Features for 1062 US Hwy 92
General Information
Standard status
Active
Size
7,520 SF
Class
A
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
7,520 SF
Year Built
1984
Year Renovated
2024
Stories
1
Listing Agency:
Broadway Real Estate Services
Listed By:
Jack Strollo · License #FLORIDABK698301
(863) 683-3425
Source:
Commercialcafe
Added: Apr 23
Changed: Sep 5
Last Checked: Sep 5 at 4:47AM
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 Broadway Real Estate Services
Investment Insights
Based on property information with market context.
The property is a completely remodeled building designed for flexible interior use. The space can be broken down into offices, retail, and other purposes, providing adaptability for different tenant requirements.
Located near the intersection of Polk Parkway and US 92 in Auburndale, the building sits about one-fifth of a mile west of Polk Parkway. Access is via a dead-end access road just off US 92, and the property is described as visible to traffic on both Polk Parkway and US 92.
The building consists of 7,520 SF on just over one acre of usable land, with the remainder of the acreage identified as wetlands. Access and visibility are supported by its position off US 92 and along the associated access road.
Located near the intersection of Polk Parkway and US 92 in Auburndale, the building sits about one-fifth of a mile west of Polk Parkway. Access is via a dead-end access road just off US 92, and the property is described as visible to traffic on both Polk Parkway and US 92.
The building consists of 7,520 SF on just over one acre of usable land, with the remainder of the acreage identified as wetlands. Access and visibility are supported by its position off US 92 and along the associated access road.
Key Highlights
- 7,520 SF building completely remodeled inside for flexible use
- More than 1 acre of usable land on the site (remaining acreage is wetlands)
- Can be broken down into offices, retail, and other purposes
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
$92,383
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
6.16%
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%
$1,847,660
$1.8M
Cap Rate 7%
$1,319,757
$1.3M
Cap Rate 9%
$1,026,478
$1.0M
Market Conditions
NOI Build-Up for 7,520 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
$157.9K $21.00/SF
− Vacancy
−$34.7K −$4.62/SF
EGI
$123.2K $16.38/SF
− OpEx
−$30.8K −$4.10/SF
NOI
$92.4K $12.29/SF
Area
Polk County, FL
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,847,660
Cap Rate 7%
$1,319,757
Cap Rate 9%
$1,026,478
Alternative Uses
Best Use
Office B
$1.32M
$1.15M – $1.54M
NOI $92,383 @ 7.0% cap · market cap 6.16%
Second Best
Retail
$1.21M
$1.06M – $1.41M
NOI $84,449 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,498 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Completely remodeled 7,520 SF building offers flexible interior space for offices, retail, and other uses.
Where is this office building located?
The property is located at 1062 US Hwy 92 Auburndale, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 7,520 SF building completely remodeled inside for flexible use; More than 1 acre of usable land on the site (remaining acreage is wetlands); Can be broken down into offices, retail, and other purposes
