Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    215 N Scenic Hwy Frostproof, FL 33843

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $250,000

    Partially rented commercial property with great exposure and multiple units.

    Property size:
    3,512 SF
    Lot size:
    0.18 Acres

    Property Features for 215 N Scenic Hwy

    General Information

    Standard status
    Active
    Size
    3,512 SF
    Lot size
    0.18 Acres

    Building Details

    Year built
    1980

    We can help!

    Listing Contact
    Cindy Wise
    Source: Exitrealty

    Listing Agency: KEYSTONE REALTY Listing Agent: Cindy Wise

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Commercial Income Opportunity

    This commercial property features two buildings under one roof, offering a total of six units. The property benefits from its frontage on Scenic Highway, providing excellent exposure. One building, constructed of concrete block, spans 612 square feet and includes a front lobby, two private offices, and a bathroom, making it suitable for office use. The second building, made of metal, provides 2900 square feet divided into five rental spaces. Each rental space has its own handicap/unisex restroom, individual power and water meter, and AC & heat via wall units. The property includes multiple parking spaces on Scenic Highway, rear parking with designated handicap spaces, and an outdoor courtyard. Electricity, city water, and city sewer are connected and available to each rental unit. According to the owner, the buildings were brought up to code in 2013, with additional updates in 2022. The property's Commercial General Land Use designation allows for various business options, including adult day care, assisted living, child care, business offices, medical facilities, fitness centers, clinics, and florists. Located in the downtown area, this property offers significant potential. The total property size is 3512 square feet.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Frostproof
    County
    Polk
    State
    Florida
    Longitude
    -81.5309411
    Latitude
    27.7479245

    Nearby Similar for Sale

    • $425,000
      2,120 SF

      Versatile Mixed-Use Property in Frostproof

      Commercial property with multiple buildings, storage, and expansion potential.
      S Orange Ave, Frostproof, FL 33843
      View Details
    • $119,900
      1,976 SF

      Historic Office Building in Frostproof

      Historic office building in downtown Frostproof with high visibility.
      22 E Wall St, Frostproof, FL 33843
      View Details
    • $250,000
      3,512 SF

      Mixed-Use Income Opportunity

      Partially rented mixed-use property with high-exposure frontage.
      215 N Scenic Hwy, Frostproof, FL 33843
      View Details
    • $375,000
      3,130 SF

      Versatile Commercial Property in Frostproof

      Income-producing property with established tenants and redevelopment potential.
      207 N Scenic Hwy, Frostproof, FL 33843
      View Details
    • $385,000
      3,200 SF

      Commercial Building with Leased Units

      Commercial building in Frostproof, FL, featuring two leased units.
      205 N Scenic Hwy, Frostproof, FL 33843
      View Details
    • $275,000
      838 SF

      Downtown Frostproof Building with Potential

      Charming building in downtown Frostproof with versatile zoning.
      225 N Scenic Hwy, Frostproof, FL 33843
      View Details
    • $80,000
      0.07 Acres

      Move-In Ready RV Lot

      Residential RV lot in Lily Lake Golf & RV Resort.
      450 Pine Loop, Frostproof, FL 33843
      View Details
    • $100,000
      0.08 Acres

      Corner Lot with RV Parking

      Oversized corner lot near community amenities in Frostproof, Florida.
      490 Pine Loop, Frostproof, FL 33843
      View Details
    • $899,900
      3,886 SF

      Corner Bank Building For Sale

      1.4-acre corner lot with a 3,886 SF bank building.
      695 N Scenic Hwy, Frostproof, FL 33843
      View Details
    • $375,000

      Versatile Commercial Property For Sale

      Commercial property with two tenant spaces, ideal for investment.
      207 N Scenic Hwy, Frostproof, FL 33843
      View Details
    • $385,000

      Commercial Property For Sale

      Commercial building with two units, leased to rehab facility.
      205 N Scenic Hwy, Frostproof, FL 33843
      View Details
    • $275,000

      Downtown Frostproof Building with Potential

      Charming, well-maintained building with versatile zoning in thriving Frostproof.
      225 N Scenic Hwy, Frostproof, FL 33843
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Partially rented commercial property with great exposure and multiple units.
    Where is this mixed-use property located?
    The property is located at 215 N Scenic Hwy Frostproof, FL.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Commercial income opportunity with GC zoning; - Six units total under one roof; - Scenic highway frontage for great exposure
    (863) 528-0366
    Request Owner's contact information
    215 N Scenic Hwy Frostproof, FL 33843
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    215 N Scenic Hwy
    Frostproof, FL 33843
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    215 N Scenic Hwy Frostproof, FL 33843
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Cindy Wise
    Real Estate License ID: 3192426
    (863) 528-0366 (863) 635-0030
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!