Retail Building in Inwood
For Sale
$169,900
Pending
2610 AVENUE G NW, Winter Haven, FL 33880
Retail building with high visibility and outdoor seating area.
Property Size432 SF
Lot Size0.08 Acres
Days on Market649
Property Features for 2610 AVENUE G NW
General Information
Standard status
Pending
Size
432 SF
Lot size
0.08 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$984
Building Details
Year Built
1976
Listing Agency:
KELLER WILLIAMS REALTY SMART 1
(863) 206-8278
Listed By:
David Reyes · License #679127
(863) 206-8278
Source:
Exitrealty
Added: Nov 2, 2024
Changed: Aug 9
Last Checked: Apr 6 at 3:17AM
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 KELLER WILLIAMS REALTY SMART 1
Investment Insights
Based on property information with market context.
This 432-square-foot retail building, formerly an ice cream shop, is available for sale. The property features maintained foliage intended to create a welcoming atmosphere. A seating area behind the building includes picnic tables, a cabana, and open spaces. Located in the retail corridor of Inwood, the property benefits from a traffic count of 11,300 cars per day and large pylon signage, offering high visibility to passing traffic. The property is located at 2610 AVENUE G NW, WINTER HAVEN, FL 33880.
Key Highlights
- High visibility location with 11,300 cars per day traffic count.
- Large pylon signage for maximum exposure.
- Outdoor seating area with picnic tables and cabana.
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
$4,851
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
2.86%
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%
$97,020
$97.0K
Cap Rate 7%
$69,300
$69.3K
Cap Rate 9%
$53,900
$53.9K
Market Conditions
NOI Build-Up for 432 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
$7.5K $17.40/SF
− Vacancy
−$586 −$1.36/SF
EGI
$6.9K $16.04/SF
− OpEx
−$2.1K −$4.81/SF
NOI
$4.9K $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%
$97,020
Cap Rate 7%
$69,300
Cap Rate 9%
$53,900
Alternative Uses
Best Use
Retail
$69.3K
$60.6K – $80.9K
NOI $4,851 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$103.8K
$90.8K – $121.1K
NOI $7,267 @ 7.0% cap · market cap 4.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Flowers From The Heart — 2595 Avenue G NW, Winter Haven, FL 33880
Frequently Asked Questions
What type of property is this?
Storefront property - Retail building with high visibility and outdoor seating area.
Where is this storefront property located?
The property is located at 2610 AVENUE G NW Winter Haven, FL.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: High visibility location with 11,300 cars per day traffic count.; Large pylon signage for maximum exposure.; Outdoor seating area with picnic tables and cabana.
