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

    513 Main St Auburndale, FL 33823

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial property in a growing community with high visibility.

    Property size:
    913 SF
    Lot size:
    0.37 Acres

    Property Features for 513 Main St

    General Information

    Standard status
    Active
    Size
    913 SF
    Lot size
    0.37 Acres

    Building Details

    Year built
    1942

    We can help!

    Listing Contact
    Randy Spears
    Randy Spears
    Source: Exitrealty

    Listing Agency: CENTURY 21 MYERS REALTY Listing Agent: Randy Spears

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

    Learn more

    Overview

    Prime Commercial Property in Auburndale

    This commercial property is located in Auburndale, offering visibility and accessibility. The site is centrally situated within a community experiencing growth, ensuring foot traffic and access to amenities, including shops, restaurants, and public services. It features a paved parking lot with a thick base. The property size is 913 square feet. A condemned building is currently on the site, which contributes no value and can be removed for new development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburndale
    County
    Polk
    State
    Florida
    Longitude
    -81.7883489
    Latitude
    28.057767

    Nearby Similar for Sale

    • New
      $174,900
      792 SF

      Downtown Auburndale Mixed-Use Opportunity

      Charming mixed-use property in downtown Auburndale, zoned CBD.
      309 Center St, Auburndale, FL 33823
      View Details
    • $1,290,000
      Pending

      Multifamily and Commercial Mixed-Use Property

      Two-story mixed-use property with 17 residential units and 4 storefronts.
      206 Pilaklakaha Ave, Auburndale, FL 33823
      View Details
    • Contact for pricing

      Central Florida Industrial Center

      Warehouse, cold storage, office, and truck parking available.
      625 W Bridgers Ave, Auburndale, FL 33823
      View Details
    • $339,900

      Income-Producing Mobile Home Investment

      Four mobile home units on a quiet dead-end street.
      2218 Ellie Rd, Auburndale, FL 33823
      View Details
    • $1,290,000
      Pending

      Multifamily and Commercial Property in Auburndale

      Mixed-use investment opportunity in a growing Central Florida submarket.
      206 Pilaklakaha Ave, Auburndale, FL 33823
      View Details
    • $339,900

      Income-Producing Mobile Home Park

      Four-unit mobile home park with strong cash flow.
      2218 Ellie Rd, Auburndale, FL 33823
      View Details
    • $115,000

      Auburndale 55+ Community Home

      Charming 2-bedroom home in a vibrant 55+ community.
      102 Paradise Ln, Auburndale, FL 33823
      View Details
    • $830,000
      2,280 SF

      Auburndale Commercial Land

      Prime Commercial Acres Near Amazon
      314 Skyblue Ln, Auburndale, FL 33823
      View Details
    • $299,000
      1,486 SF

      Auburndale Mixed-Use Commercial Property

      Versatile 0.41-acre lot, high visibility.
      113 Bridgers Ave, Auburndale, FL 33823
      View Details
    • $898,000
      5,000 SF

      820 Pine Rd, Auburndale, FL 33823

      Industrial properties • 5,000 SF
      820 Pine Rd, Auburndale, FL 33823
      View Details
    • $1,500,000
      1,242 SF

      Auburndale Commercial Land Opportunity

      3.5-acre mixed-use parcel near Amazon.
      318 Skyblue Ln, Auburndale, FL 33823
      View Details
    • $850,000
      3,182 SF

      Prime Auburndale Retail Space

      3,182 SF Grocery/Pharmacy - $850K
      301 Havendale Blvd, Auburndale, FL 33823
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial property in a growing community with high visibility.
    Where is this commercial land located?
    The property is located at 513 Main St Auburndale, FL.
    What are key features of this property?
    This property features: - Prime commercial property in a high-growth area of Auburndale.; - Excellent visibility and accessibility due to central location.; - High foot traffic area with easy access to shops, restaurants, and public services.
    (863) 875-5656
    Request Owner's contact information
    513 Main St Auburndale, FL 33823
    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.
    513 Main St
    Auburndale, FL 33823
    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
    513 Main St Auburndale, FL 33823
    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
    Randy Spears
    Randy Spears
    Real Estate License ID: 3378706
    (863) 875-5656
    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!