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

    151 1St St S Winter Haven, FL 33880

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $900,000

    Two office buildings in a premier downtown Winter Haven location.

    Property size:
    3,600 SF
    Lot size:
    0.32 Acres

    Property Features for 151 1St St S

    General Information

    Standard status
    Active
    Size
    3,600 SF
    Lot size
    0.32 Acres

    Building Details

    Year built
    1983

    We can help!

    Listing Contact
    Jason Gregory
    Source: Exitrealty

    Listing Agency: KELLER WILLIAMS SUBURBAN TAMPA Listing Agent: Jason Gregory

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

    Learn more

    Overview

    Downtown Winter Haven Office Buildings

    Two office buildings totaling 3600 sq. ft. are available in downtown Winter Haven. The property is zoned commercial office and is located in a Winter Haven redevelopment area and a Federal opportunity area. Constructed of concrete block with a flat concrete roof and a hip-style roof, both roofs were replaced in March 2024 with Owens Corning shingles, six nails per shingle rated up to 130 mph wind speeds, and Roofnado AnchorDeck high-temperature peel and stick waterproof barrier underlayment. Both roof deckings were also renailed to code. All A/C units were replaced in March 2024. Each building features a 900 sq. ft. office space with two restrooms, three large offices, and an open reception area. Potable water sources, drain systems, and restrooms are located on the perimeter of the building. 14 parking spaces are available. The east building has a door in-between the offices. Both buildings are fully occupied by long-term tenants. The current traffic count is AADT 28,500.
    Location Intelligence

    Current Use by Public Records

    Mercer Insurance Inc Insurance Agency Geric Hemp Investments Financial Advisor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Winter Haven
    County
    Polk
    State
    Florida
    Longitude
    -81.7406555
    Latitude
    27.9917139

    Nearby Similar for Sale

    • New
      $575,000
      Pending

      Winter Haven Mixed-Use Commercial Property

      Move-in ready Winter Haven property suitable for offices or retail.
      700 Avenue B SW, Winter Haven, FL 33880
      View Details
    • $549,900
      Pending

      Winter Haven Mixed-Use Commercial Property

      Prime commercial property with high visibility in Winter Haven, Florida.
      3001 Cypress Gardens Rd, Winter Haven, FL 33884
      View Details
    • $217,000
      1,190 SF

      Winter Haven Mixed-Use Opportunity

      Updated mixed-use property in Winter Haven's Medical District.
      104 Avenue K NE, Winter Haven, FL 33881
      View Details
    • $526,889
      2,300 SF

      Prime Retail Storefront in Winter Haven

      High-visibility retail space in Winter Haven's commercial corridor.
      632 1St St S, Winter Haven, FL 33880
      View Details
    • $1,200,000
      1,200 SF

      Pool Business Opportunity on US 92

      Pool business with high visibility on US 92 in Winter Haven.
      2999 Us Highway 92, Winter Haven, FL 33881
      View Details
    • New
      $298,000
      2,302 SF

      Corner Commercial Building in Winter Haven

      Versatile commercial building with high visibility and flexible space.
      2595 Avenue G NW, Winter Haven, FL 33880
      View Details
    • $369,000
      3,600 SF

      Winter Haven Assembly Building For Sale

      Turn-key assembly building on 0.73 acres in Winter Haven.
      1920 40Th St NW, Winter Haven, FL 33881
      View Details
    • $745,000
      4,325 SF

      Downtown Winter Haven Commercial Building

      Versatile commercial building in a growing downtown district.
      155 Avenue B SW, Winter Haven, FL 33880
      View Details
    • $599,000
      3,796 SF

      Prime Downtown Retail Opportunity

      Corner property in Winter Haven's bustling downtown area.
      600 Avenue B NW, Winter Haven, FL 33881
      View Details
    • $298,111
      1,320 SF

      Winter Haven Commercial Office Building

      1,320 sq ft commercial office building in Winter Haven.
      524 1St St S, Winter Haven, FL 33880
      View Details
    • $3,500,000
      7,440 SF

      Turnkey Tire Center & Auto Repair

      Profitable, fully equipped tire center and auto repair shop for sale.
      304 Avenue E SW, Winter Haven, FL 33880
      View Details
    • $419,900
      2,510 SF

      Redesigned Office Buildings Near Downtown

      Two remodeled office buildings close to downtown, shopping, and retail.
      737 W Central Ave, Winter Haven, FL 33880
      View Details

    FAQs

    What type of property is this?
    Office building - Two office buildings in a premier downtown Winter Haven location.
    Where is this office building located?
    The property is located at 151 1St St S Winter Haven, FL.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - Prime downtown Winter Haven location with high traffic count (AADT 28,500) offering excellent business exposure.; - Two recently renovated (March 2024) concrete block office buildings totaling 3600 sq. ft. with new roofs and A/C units.; - Located in a Winter Haven redevelopment area and a Federal opportunity area, potentially offering benefits and tax credits.
    (863) 899-5332
    Request Owner's contact information
    151 1St St S Winter Haven, FL 33880
    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.
    151 1St St S
    Winter Haven, FL 33880
    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
    151 1St St S Winter Haven, FL 33880
    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
    Jason Gregory
    Real Estate License ID: 3462829
    (863) 899-5332 (863) 508-3000 (813) 684-9500
    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!