Versatile Office Space in Balmoral
116 Kenny Blvd, Haines City, FL 33844
For Sale
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Two-story, 3,703 SF office space in Haines City, Florida.
Property Size12,063 SF
Lot Size0.28 Acres
Price / SF$207.25
Days on Market282
Property Features for 116 Kenny Blvd
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Building Details
Year Built
Buildings
Listing Agency:
Saunders Real Estate
Listed By:
Danielle Brown · License FL #3520482
(863) 670-7842
Source:
Crexi
Added: Feb 4
Changed: Aug 8
Last Checked: Aug 8 at 6:38AM
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 Saunders Real Estate
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Investment Insights
Based on property information with market context.
Located in Balmoral Resort in Haines City, Florida, this custom-built two-story building offers 3,703 ± SF of versatile office space suitable for medical, event, or general office use. Situated just east of Highway 27, the property benefits from its location in a rapidly expanding area. The upstairs features an open floor plan that is move-in ready and can be divided into smaller suites. The layout includes a reception area, conference room, break room, electrical closet, and two restrooms. New owners will have access to the event center’s backyard space, suitable for hosting outdoor events or generating additional revenue. The property’s connection to the Balmoral Resort provides a built-in clientele base. This property combines a strategic location and modern amenities. The property size is 12,063 square feet.
Key Highlights
- Prime location in the rapidly expanding Balmoral Resort area of Haines City, just east of Highway 27.
- Versatile 3,703 ± SF of office space suitable for medical, event, or general office use.
- Built‑in clientele base due to its connection to the Balmoral Resort.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,889
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,337,780
$3.3M
Cap Rate 7%
$2,384,129
$2.4M
Cap Rate 9%
$1,854,322
$1.9M
Market Conditions
NOI Build-Up for 12,063 SF
Gross rent
$264.9K $21.96/SF
− Vacancy
−$42.4K −$3.51/SF
EGI
$222.5K $18.45/SF
− OpEx
−$55.6K −$4.61/SF
NOI
$166.9K $13.83/SF
Area
Polk County, FL
Vacancy
16.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,337,780
Cap Rate 7%
$2,384,129
Cap Rate 9%
$1,854,322
Alternative Uses
Best Use
Office B
$2.38M
$2.09M – $2.78M
NOI $166,889 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.08M
$2.70M – $3.59M
NOI $215,612 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
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Business Placement
Demographics for 33844, FL
43,329
Population
22,018
Households
2
Avg Household Size
40
Median Age
17%
College-Educated
84%
High-School Grad
97.2 sq mi
ZIP Area
446
Density / Sq Mi
$60,426
Median Household Income
$36,281
Median Earnings
$1,158
Median Rent
$212,700
Median Home Value
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Market
Average Price Trend$/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 - Two-story, 3,703 SF office space in Haines City, Florida.
Where is this office unit located?
The property is located at 116 Kenny Blvd Haines City, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime location in the rapidly expanding Balmoral Resort area of Haines City, just east of Highway 27.; Versatile 3,703 ± SF of office space suitable for medical, event, or general office use.; Built‑in clientele base due to its connection to the Balmoral Resort.
