Office Suite with Waiting
1141 1ST STREET S #1141, Winter Haven, FL 33880
For Sale
Contact for pricing
The suite includes a client reception area, open work space, and a storage room with a plumbed counter.
Property Size18,624 SF
Price / SF$0.64
Days on Market11
Property Features for 1141 1ST STREET S #1141
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Building Details
Year Built
Listing Agency:
CARREROU ENTERPRISES, LLC
Listed By:
Ozzie Carrerou · License #332006
(863) 294-2384
Source:
Endlesssummerrealty
Added: Oct 28
Changed: Nov 6
Last Checked: Nov 6 at 10:26AM
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 CARREROU ENTERPRISES, LLC
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Investment Insights
Based on property information with market context.
This office suite features a separate room for client reception, an open interior, and a storage room with a plumbed counter area. Distinctive lighting fixtures are also installed, and shared parking serves the property.
The office is on First Street S in Winter Haven, with frontage along the road. The suite is available immediately.
The office is on First Street S in Winter Haven, with frontage along the road. The suite is available immediately.
Key Highlights
- Separate waiting room for client reception
- Open office interior with a dedicated storage room
- Plumbed counter in the storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$228,796
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,575,920
$4.6M
Cap Rate 7%
$3,268,514
$3.3M
Cap Rate 9%
$2,542,178
$2.5M
Market Conditions
NOI Build-Up for 18,624 SF
Gross rent
$391.1K $21.00/SF
− Vacancy
−$86.0K −$4.62/SF
EGI
$305.1K $16.38/SF
− OpEx
−$76.3K −$4.10/SF
NOI
$228.8K $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 Rate 5%
$4,575,920
Cap Rate 7%
$3,268,514
Cap Rate 9%
$2,542,178
Alternative Uses
Best Use
Office B
$3.27M
$2.86M – $3.81M
NOI $228,796 @ 7.0% cap · market cap 1,906.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.48M
$3.92M – $5.22M
NOI $313,285 @ 7.0% cap · market cap 2,610.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,581
Businesses Nearby
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Business Placement
Demographics for 33880, FL
42,005
Population
17,055
Households
2.5
Avg Household Size
38
Median Age
17%
College-Educated
84%
High-School Grad
32.4 sq mi
ZIP Area
1,296
Density / Sq Mi
$56,803
Median Household Income
$35,051
Median Earnings
$1,128
Median Rent
$200,900
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Polk County, FL
Properties on Market for Office Units in Polk County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The suite includes a client reception area, open work space, and a storage room with a plumbed counter.
Where is this office unit located?
The property is located at 1141 1ST STREET S #1141 Winter Haven, FL.
What are key features of this property?
This property features: Separate waiting room for client reception; Open office interior with a dedicated storage room; Plumbed counter in the storage room
