Leased Commercial Property in
For Sale
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212 MAIN STREET, Auburndale, FL 33823
Fully leased commercial property with long-term tenant in high-visibility location.
Property Size2,715 SF
Price / SF$165.75
Days on Market1361
Property Features for 212 MAIN STREET
General Information
Standard status
Active
Size
2,715 SF
Property subtype
Special Purpose
Building Details
Year Built
1959
Listing Agency:
CENTURY 21 Myers Realty
(407) 463-6952
Listed By:
Brent Morse · License #FL
Source:
Crexi
Added: Nov 30, 2022
Changed: Aug 9
Last Checked: Aug 22 at 9:10AM
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 CENTURY 21 Myers Realty
Investment Insights
Based on property information with market context.
Located in Auburndale, Florida, this commercial property presents an opportunity to acquire a fully leased building in a high-visibility location. The property is currently occupied by a dance studio under a long-term lease at $3,500 per month with a 10-year term. The building features a functional layout suitable for a variety of commercial uses. Ample parking and easy access from a main thoroughfare enhance its appeal. The site offers strong exposure and convenient accessibility, making it an attractive location for both tenants and customers. The property is accessible from Interstate 4 by taking SR559 south into Auburndale, then south onto Main Street. The property is located on the right. The property size is 2,715 square feet.
Key Highlights
- Fully leased commercial property providing immediate and stable income.
- Long‑term lease in place at $3,500/month with a 10‑year term.
- High‑visibility location on a main thoroughfare.
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
$30,489
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
6.78%
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%
$609,780
$609.8K
Cap Rate 7%
$435,557
$435.6K
Cap Rate 9%
$338,767
$338.8K
Market Conditions
NOI Build-Up for 2,715 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
$47.2K $17.40/SF
− Vacancy
−$3.7K −$1.36/SF
EGI
$43.6K $16.04/SF
− OpEx
−$13.1K −$4.81/SF
NOI
$30.5K $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%
$609,780
Cap Rate 7%
$435,557
Cap Rate 9%
$338,767
Alternative Uses
Best Use
Retail
$435.6K
$381.1K – $508.2K
NOI $30,489 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.4K
$570.9K – $761.2K
NOI $45,671 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
60k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 32%
Electronics 1%
SONIC Drive In
Dining
15,391 visits/mo
0.3 miles
7-Eleven
Shops & Services
13,568 visits/mo
0.2 miles
Checkers
Dining
8,843 visits/mo
0.3 miles
Hardee's
Dining
7,935 visits/mo
0.4 miles
Beef 'O' Brady's
Dining
7,554 visits/mo
0.3 miles
Demographics for 33823, FL
33,733
Population
15,383
Households
2.2
Avg Household Size
42
Median Age
17%
College-Educated
86%
High-School Grad
34.9 sq mi
ZIP Area
967
Density / Sq Mi
$64,248
Median Household Income
$39,187
Median Earnings
$1,068
Median Rent
$234,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Fully leased commercial property with long-term tenant in high-visibility location.
Where is this retail space located?
The property is located at 212 MAIN STREET Auburndale, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Fully leased commercial property providing immediate and stable income.; Long‑term lease in place at $3,500/month with a 10‑year term.; High‑visibility location on a main thoroughfare.
