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    Commercial Land with Lake and Frontage Title is generated by Realmo AI

    1101 CYPRESS GARDENS BOULEVARD, Winter Haven, FL 33884

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    Claim this Listing
    For Sale
    $850,000

    Land - WINTER HAVEN, FL

    Lot size:
    5.33 Acres
    Added:
    Sep 30, 2016
    Days on Market:
    3535
    Last Refresh:
    Jun 4 at 5:06 pm

    Property Features for 1101 CYPRESS GARDENS BOULEVARD

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    C-3
    Pets allowed
    Yes
    Exterior features
    Paved, Fencing
    Fencing
    Fenced
    Standard status
    Active
    APN
    26-28-33-658000-000070
    Lot size
    5.33 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    11193

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Norris
    Michael Norris

    Listing agent Michael Norris License #414120

    Listing office NEXTHOME NORRIS & COMPANY REALTY 1921 Manor Cir, Winter Haven, FL

    Listing date Sep 30, 2016

    MLS# P4712420 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

    • 5.33‑acre commercial vacant land site with 550 ft of road frontage on Cypress Gardens Boulevard
    • Includes 4 separate parcels and a small lake of about 1.5 acres (Lake Rey)
    • Two access points off Cypress Gardens Blvd, one on either side of the lake
    • Utilities available: city water, electric, gas‑LP, and public sewer
    • Zoned CR (Commercial Retail) by the City of Winter Haven within city limits for retail/commercial development
    • Parcel A address: 1101 Cypress Gardens Boulevard (listing price includes all four parcels)

    Overview

    The offering is a 5.33-acre parcel of vacant commercial land composed of four separate parcels. The property includes a small lake identified as Lake Rey, classified as a lake in Polk County, Florida, and the site has two access points on either side of the lake off Cypress Gardens Boulevard. Utilities available include city water, electric, gas-LP, and public sewer.

    The site is located within the city limits of Winter Haven and is zoned C-3. The City of Winter Haven land use designation is CR (Commercial Retail), which allows commercial development with retail uses, including retail strip centers, restaurants, and stand-alone retail stores. The property is described as being on the primary east/west commercial corridor in this part of Winter Haven, with proximity to Legoland Florida and access to US Hwy 27.

    This land configuration can fit a variety of retail-oriented development concepts consistent with the CR (Commercial Retail) designation. The listing also notes the seller’s willingness to entertain offers and references that the listing price includes all four parcels, including Parcel A at 1101 Cypress Gardens Boulevard.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winter Haven
    County
    Polk
    State
    Florida
    Longitude
    -81.710926
    Latitude
    28.003402

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    FAQs

    What type of property is this?
    Commercial land - 5.33-acre commercial vacant land with 550 feet of frontage, city utilities, and dual access points off Cypress Gardens Boulevard.
    Where is this commercial land located?
    The property is located at 1101 CYPRESS GARDENS BOULEVARD Winter Haven, FL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 5.33‑acre commercial vacant land site with 550 ft of road frontage on Cypress Gardens Boulevard; Includes 4 separate parcels and a small lake of about 1.5 acres (Lake Rey); Two access points off Cypress Gardens Blvd, one on either side of the lake
    (863) 875-5583
    We can help!
    Listing Contact
    Michael Norris
    Michael Norris
    Real Estate License ID: 414120
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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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    1101 CYPRESS GARDENS BOULEVARD, WINTER HAVEN, FL 33884
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