Freestanding Office
New
For Sale
$229,000
124 N 10TH, Haines City, FL 33844
Flexible commercial interiors with a solid block exterior and paved on-site parking.
Property Size768 SF
Days on Market2
Property Features for 124 N 10TH
General Information
Standard status
Active
Size
768 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,834
Building Details
Building Size
768 SF
Year Built
1985
Buildings
1
Construction
block
Listing Agency:
MILLSHIRE REALTY
Listed By:
Robert Miller, Jr · License #3177726
(863) 899-9324
Source:
Elliman
Added: Sep 6
Last Checked: Sep 6 at 2:54PM
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 MILLSHIRE REALTY
Investment Insights
Based on property information with market context.
This freestanding commercial property includes a flexible interior configuration suited to office operations, with a solid block exterior and paved parking on site. Built in 1985, the property offers a defined commercial setting for professional space and other office-oriented uses supported by the existing layout.
The building is located at 124 N 10th Street in Haines City, with access to downtown, major roadways, shopping, dining, and surrounding businesses. Walk Score is 25, indicating a car-dependent setting, while Bike Score is 30, rated somewhat bikeable. The property’s central Haines City location and freestanding format provide a straightforward office asset with adaptable interior space.
The building is located at 124 N 10th Street in Haines City, with access to downtown, major roadways, shopping, dining, and surrounding businesses. Walk Score is 25, indicating a car-dependent setting, while Bike Score is 30, rated somewhat bikeable. The property’s central Haines City location and freestanding format provide a straightforward office asset with adaptable interior space.
Key Highlights
- Freestanding office property at 124 N 10th Street, Haines City, FL 33844
- Solid block exterior
- Paved parking on site
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
$9,435
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
4.12%
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%
$188,700
$188.7K
Cap Rate 7%
$134,786
$134.8K
Cap Rate 9%
$104,833
$104.8K
Market Conditions
NOI Build-Up for 768 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
$16.1K $21.00/SF
− Vacancy
−$3.5K −$4.62/SF
EGI
$12.6K $16.38/SF
− OpEx
−$3.1K −$4.10/SF
NOI
$9.4K $12.29/SF
Area
Polk County, FL
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$188,700
Cap Rate 7%
$134,786
Cap Rate 9%
$104,833
Alternative Uses
Best Use
Office B
$134.8K
$117.9K – $157.3K
NOI $9,435 @ 7.0% cap · market cap 4.12%
Second Best
Retail
$123.2K
$107.8K – $143.8K
NOI $8,625 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$184.6K
$161.5K – $215.3K
NOI $12,919 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 33844, FL
43,329
Population
22,018
Households
2
Avg Household Size
40
Median Age
17%
College-Educated
84%
High-School Grad
97.2 sq mi
ZIP Area
446
Density / Sq Mi
$60,426
Median Household Income
$36,281
Median Earnings
$1,158
Median Rent
$212,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Flexible commercial interiors with a solid block exterior and paved on-site parking.
Where is this office units located?
The property is located at 124 N 10TH Haines City, FL.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Freestanding office property at 124 N 10th Street, Haines City, FL 33844; Solid block exterior; Paved parking on site
