Small Office/Storefront in
403 N Church Ave Mulberry, FL
For Sale
Contact for pricing
900 SF office/storefront on 0.33 AC lot.
Property Size900 SF
Lot Size0.33 Acres
Price / SF$242.11
Days on Market689
Property Features for 403 N Church Ave
General Information
Standard status
Active
Size
900 SF
Lot size
0.33 Acres
Property subtype
OFFICE
Listing Agency:
Steinbauer Associates
(305) 629-9740
Listed By:
J.R. Steinbauer
(305) 629-9740
Source:
Moodyscre
Added: Sep 9, 2024
Changed: Jul 6
Last Checked: Jul 21 at 5:03AM
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 Steinbauer Associates
Investment Insights
Based on property information with market context.
This property features a small office or storefront located on North Church Avenue (SR 37 North) in Mulberry. The building offers 900 square feet of space and is situated on a 0.33-acre lot.
Key Highlights
- Frontage on N. Church Ave (SR 37 N)
- Located in the heart of Mulberry
- 900 sq ft office/store space
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.9k | $21.00 |
| − Vacancy | −$4.2k | −$4.62 |
| EGI | $14.7k | $16.38 |
| − OpEx | −$3.7k | −$4.10 |
| NOI | $11.1k | $12.29 |
900 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$158.0K
$138.2K – $184.3K
NOI $11,057 @ 7.0% cap · market cap 5.07%
Second Best
Retail
$144.4K
$126.3K – $168.5K
NOI $10,107 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$216.3K
$189.2K – $252.3K
NOI $15,139 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - 900 SF office/storefront on 0.33 AC lot.
Where is this office units located?
The property is located at 403 N Church Ave Mulberry, FL.
What is the asking price?
The asking price for this property is $217,900.
What are key features of this property?
This property features: Frontage on N. Church Ave (SR 37 N); Located in the heart of Mulberry; 900 sq ft office/store space
