High-Visibility Corner Retail/Office
For Sale
$675,000
109 W BRIDGERS AVENUE, Auburndale, FL 33823
Large open interior with multiple rooms and existing HVAC, with ample paved parking on a corner lot.
Property Size4,180 SF
Days on Market63
Property Features for 109 W BRIDGERS AVENUE
General Information
Standard status
Active
Size
4,180 SF
Property subtype
Commercial
Zoning
GC
Taxes and HOA fees
Annual Taxes
$6,065
Building Details
Building Size
4,180 SF
Year Built
1958
Listing Agency:
CENTURY 21 MYERS REALTY
(863) 224-5956
Listed By:
Tony Acosta · License #3108388
(863) 224-5956
Source:
Mbifloridarealty
Added: Jun 22
Changed: Aug 23
Last Checked: Aug 22 at 10:49AM
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 CENTURY 21 MYERS REALTY
Investment Insights
Based on property information with market context.
This versatile commercial property offers a large open interior layout along with multiple rooms and existing HVAC infrastructure. The flexible floor plan is designed to support a range of community and business uses, with expansive gathering areas intended to accommodate different setups and customization needs.
Located at 109 W Bridgers Ave in Auburndale, FL, the building sits on a high-visibility corner lot with excellent access. The property also features ample paved parking, supporting convenient arrival and operations for occupants and visitors.
Overall, the combination of an open interior, multiple usable rooms, and on-site HVAC makes the space adaptable for retail, office, church, event space, community center, or other redevelopment concepts.
Located at 109 W Bridgers Ave in Auburndale, FL, the building sits on a high-visibility corner lot with excellent access. The property also features ample paved parking, supporting convenient arrival and operations for occupants and visitors.
Overall, the combination of an open interior, multiple usable rooms, and on-site HVAC makes the space adaptable for retail, office, church, event space, community center, or other redevelopment concepts.
Key Highlights
- High‑visibility corner lot with ample paved parking and strong access
- Large open interior layout with multiple rooms for flexible use
- Existing HVAC infrastructure supports a range of applications
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
$46,941
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
6.95%
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%
$938,820
$938.8K
Cap Rate 7%
$670,586
$670.6K
Cap Rate 9%
$521,567
$521.6K
Market Conditions
NOI Build-Up for 4,180 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
$72.7K $17.40/SF
− Vacancy
−$5.7K −$1.36/SF
EGI
$67.1K $16.04/SF
− OpEx
−$20.1K −$4.81/SF
NOI
$46.9K $11.23/SF
Area
Polk County, FL
Vacancy
7.80%
Lease Rate
$17.40 /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%
$938,820
Cap Rate 7%
$670,586
Cap Rate 9%
$521,567
Alternative Uses
Best Use
Retail
$670.6K
$586.8K – $782.4K
NOI $46,941 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$878.9K – $1.17M
NOI $70,314 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
878
Businesses Nearby
63k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 36%
Electronics 1%
SONIC Drive In
Dining
15,391 visits/mo
0.3 miles
7-Eleven
Shops & Services
13,568 visits/mo
0.2 miles
Checkers
Dining
8,843 visits/mo
0.4 miles
Hardee's
Dining
7,935 visits/mo
0.2 miles
Beef 'O' Brady's
Dining
7,554 visits/mo
0.3 miles
Demographics for 33823, FL
33,733
Population
15,383
Households
2.2
Avg Household Size
42
Median Age
17%
College-Educated
86%
High-School Grad
34.9 sq mi
ZIP Area
967
Density / Sq Mi
$64,248
Median Household Income
$39,187
Median Earnings
$1,068
Median Rent
$234,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Church & religious facility - Large open interior with multiple rooms and existing HVAC, with ample paved parking on a corner lot.
Where is this church & religious facility located?
The property is located at 109 W BRIDGERS AVENUE Auburndale, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: High‑visibility corner lot with ample paved parking and strong access; Large open interior layout with multiple rooms for flexible use; Existing HVAC infrastructure supports a range of applications
