212 MAIN STREET, Auburndale, FL 33823
Fully leased commercial property with long-term tenant in high-visibility location.
- Added:
- Nov 30, 2022
- Days on Market:
- 1316
- Last Refresh:
- Jul 2 at 5:39 am
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 office CENTURY 21 Myers Realty
Listing date Nov 30, 2022
Source Crexi
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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.
- Ample parking and easy access.
- Functional layout suitable for a variety of commercial uses.
- Turnkey investment opportunity in a growing area.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.2k | $17.40 |
| − Vacancy | −$3.7k | −$1.36 |
| EGI | $43.6k | $16.04 |
| − OpEx | −$13.1k | −$4.81 |
| NOI | $30.5k | $11.23 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Auburndale
- County
- Polk
- State
- Florida
- Longitude
- -81.7889654
- Latitude
- 28.0627774
