Industrial Land with Existing
111 N Hart Ave, Avon Park, FL 33825
For Sale
$888,888
I-2 zoning, an existing warehouse building, and city water on site support industrial property use.
Property Size4,337 SF
Price / SF$204.95
Days on Market16
Property Features for 111 N Hart Ave
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Listing Agency:
Ridge Real Estate Enterprises
(863) 385-7799
Listed By:
Tracy King-MacCornack
(863) 443-6969
Source:
Exprealty
Added: Oct 28
Changed: Nov 12
Last Checked: Nov 12 at 2:30PM
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 Ridge Real Estate Enterprises
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial property in Avon Park includes a 3,200-square-foot building with a showroom, office, and warehouse. The site is zoned I-2 and has city water on site. The existing structure may be renovated or incorporated into a future development plan.
The property is within a block of SR 64 and near Avon Executive Airport. Industrial and commercial operations are present in the surrounding area.
The property is within a block of SR 64 and near Avon Executive Airport. Industrial and commercial operations are present in the surrounding area.
Key Highlights
- 3,200‑square‑foot building with showroom, office, and warehouse
- Showroom measures approximately 24x24; office measures 12x24
- I‑2 zoning and city water on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,638
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,760
$572.8K
Cap Rate 7%
$409,114
$409.1K
Cap Rate 9%
$318,200
$318.2K
Market Conditions
NOI Build-Up for 4,337 SF
Gross rent
$35.4K $8.16/SF
− Vacancy
−$1.7K −$0.39/SF
EGI
$33.7K $7.77/SF
− OpEx
−$5.1K −$1.17/SF
NOI
$28.6K $6.60/SF
Area
Highlands County, FL
Vacancy
4.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,760
Cap Rate 7%
$409,114
Cap Rate 9%
$318,200
Alternative Uses
Best Use
Warehouse
$409.1K
$358.0K – $477.3K
NOI $28,638 @ 7.0% cap · market cap 3.22%
Second Best
Flex RnD
$408.1K
$357.1K – $476.2K
NOI $28,570 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$902.3K
$789.5K – $1.05M
NOI $63,161 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
396
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
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Market
Properties on Market for Industrial land in Highlands County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial land - I-2 zoning, an existing warehouse building, and city water on site support industrial property use.
Where is this industrial land located?
The property is located at 111 N Hart Ave Avon Park, FL.
What is the asking price?
The asking price for this property is $888,888.
What are key features of this property?
This property features: 3,200‑square‑foot building with showroom, office, and warehouse; Showroom measures approximately 24x24; office measures 12x24; I‑2 zoning and city water on site
