Corner Retail
For Sale
Contact for pricing
111 W Bridgers Ave, Auburndale, FL 33823
Corner retail space with ample paved parking, large open interior areas, and existing HVAC infrastructure for flexible use.
Property Size4,180 SF
Price / SF$161.48
Days on Market54
Property Features for 111 W Bridgers Ave
General Information
Standard status
Active
Size
4,180 SF
Property subtype
RETAIL
Listing Agency:
Century 21 - Myers Realty | Auburndale
(863) 875-5656
Listed By:
Brent Morse · License #3108388
(407) 463-6952
Source:
Moodyscre
Added: Jul 22
Changed: Aug 14
Last Checked: Sep 12 at 10:36AM
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 | Auburndale
Investment Insights
Based on property information with market context.
This corner retail space offers a large open interior layout with expansive gathering areas, multiple rooms, and flexible floor plans that can be customized for a range of applications. The building includes existing HVAC infrastructure, supporting continued comfort and potential reconfiguration for new occupants.
The property sits on a high-visibility corner lot with ample paved parking and strong access. It is located at 111 W Bridgers Ave in Auburndale, FL, surrounded by established residential neighborhoods, which may support a variety of community-serving uses.
The current configuration is described as suitable for retail, office, church, event space, community center, or redevelopment, depending on the operator’s requirements and desired buildout.
The property sits on a high-visibility corner lot with ample paved parking and strong access. It is located at 111 W Bridgers Ave in Auburndale, FL, surrounded by established residential neighborhoods, which may support a variety of community-serving uses.
The current configuration is described as suitable for retail, office, church, event space, community center, or redevelopment, depending on the operator’s requirements and desired buildout.
Key Highlights
- 111 W Bridgers Ave, Auburndale, FL 33823
- High‑visibility corner lot
- Ample paved parking
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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Corner retail space with ample paved parking, large open interior areas, and existing HVAC infrastructure for flexible use.
Where is this retail space located?
The property is located at 111 W Bridgers Ave 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: 111 W Bridgers Ave, Auburndale, FL 33823; High‑visibility corner lot; Ample paved parking
