Revitalized Auto Shop in
For Sale
$210,000
712 N RIDGEWOOD DRIVE, Sebring, FL 33870
Commercial building with fenced yard in revitalized downtown Sebring.
Property Size855 SF
Lot Size0.18 Acres
Price / SF$245.61
Days on Market880
Property Features for 712 N RIDGEWOOD DRIVE
General Information
Standard status
Active
Size
855 SF
Lot size
0.18 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$904
Building Details
Year Built
1935
Listing Agency:
ADVANTAGE REALTY 1
(863) 273-0145
Listed By:
Susan Geitner · License #3050844
(863) 273-0145
Source:
Exitrealty
Added: Mar 14, 2024
Changed: Aug 8
Last Checked: Apr 6 at 2:51AM
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 ADVANTAGE REALTY 1
Investment Insights
Based on property information with market context.
Located in downtown Sebring, this commercial building offers 855 square feet of space on a 0.18-acre lot. The property is situated just north of the circle in Sebring, an area undergoing revitalization. Currently leased as an auto repair shop, the building features two bays and a fenced open storage yard in the rear. The front bay is equipped with a mini-split AC unit installed in 2020. The back bay has a barn door-style opening that leads to the fenced yard. Although public records indicate the building was built in 1935, it has been completely renovated. Renovations include new walls, bathroom fixtures, and a new roof installed in 2018, according to the owner.
Key Highlights
- Prime location in revitalizing downtown Sebring.
- Renovated in 2018 with new roof, walls, and bathroom fixtures.
- Currently leased, providing immediate income potential.
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
$8,035
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
3.83%
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%
$160,700
$160.7K
Cap Rate 7%
$114,786
$114.8K
Cap Rate 9%
$89,278
$89.3K
Market Conditions
NOI Build-Up for 855 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
$12.8K $15.00/SF
− Vacancy
−$1.3K −$1.58/SF
EGI
$11.5K $13.43/SF
− OpEx
−$3.4K −$4.03/SF
NOI
$8.0K $9.40/SF
Area
Highlands County, FL
Vacancy
10.50%
Lease Rate
$15.00 /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%
$160,700
Cap Rate 7%
$114,786
Cap Rate 9%
$89,278
Alternative Uses
Best Use
Retail
$114.8K
$100.4K – $133.9K
NOI $8,035 @ 7.0% cap · market cap 3.83%
Second Best
Industrial
$72.9K
$63.8K – $85.1K
NOI $5,106 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$177.9K
$155.7K – $207.5K
NOI $12,452 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
13k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 12%
Family Dollar
Shops & Services
5,913 visits/mo
0.1 miles
Texaco
Shops & Services
5,386 visits/mo
0.1 miles
La Hacienda
Dining
1,562 visits/mo
0.0 miles
Demographics for 33870, FL
24,238
Population
13,933
Households
1.7
Avg Household Size
51
Median Age
18%
College-Educated
84%
High-School Grad
95.3 sq mi
ZIP Area
254
Density / Sq Mi
$50,606
Median Household Income
$28,475
Median Earnings
$977
Median Rent
$154,300
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
- Suliman Mobile Auto Repair — Sebring, FL 33870
- Tolar Automotive — 339 N Ridgewood Dr, Sebring, FL 33870
- Cobra Transmission Parts — 126 E Center Ave, Sebring, FL 33870
- Sunroof Repair quality — 204 FL-17, Sebring, FL 33870
- Sun Tech Auto Glass — 239 S Commerce Ave, Sebring, FL 33870
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial building with fenced yard in revitalized downtown Sebring.
Where is this auto shop located?
The property is located at 712 N RIDGEWOOD DRIVE Sebring, FL.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Prime location in revitalizing downtown Sebring.; Renovated in 2018 with new roof, walls, and bathroom fixtures.; Currently leased, providing immediate income potential.
