Freestanding Storefront
New
For Sale
$219,000
124 N 10th St, Haines City, FL 33844
Block construction, paved parking, and a flexible interior support office or retail-oriented occupancy.
Property Size768 SF
Price / SF$285.16
Days on Market2
Property Features for 124 N 10th St
General Information
Standard status
Active
Size
768 SF
Building Details
Year Built
1985
Construction
solid block
Listing Agency:
MILLSHIRE REALTY
Listed By:
Robert Miller, Jr · License #3177726
(863) 899-9324
Source:
Chenoregroup
Added: Sep 12
Last Checked: Sep 12 at 2:35PM
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 storefront property at 124 N 10th St features solid block construction, paved parking, and an adaptable interior. The layout is positioned for office, professional, or retail use, providing flexibility for an owner-user or investor seeking a commercial property in Haines City.
The property is located near downtown Haines City, with access to major roadways, shopping, dining, and surrounding businesses. Built in 1985, it offers a straightforward commercial configuration with established site improvements and multiple potential occupancy formats supported by the existing layout.
The property is located near downtown Haines City, with access to major roadways, shopping, dining, and surrounding businesses. Built in 1985, it offers a straightforward commercial configuration with established site improvements and multiple potential occupancy formats supported by the existing layout.
Key Highlights
- Freestanding commercial storefront at 124 N 10th St
- Solid block exterior construction
- Paved on‑site parking
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
4.31%
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 4.31%
Second Best
Retail
$123.2K
$107.8K – $143.8K
NOI $8,625 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$184.6K
$161.5K – $215.3K
NOI $12,919 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
875
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Floreria San Miguel — 701 E Main St, Haines City, FL 33844
- Lindvall Florist Inc. — 29 N 10th St, Haines City, FL 33844
Frequently Asked Questions
What type of property is this?
Storefront property - Block construction, paved parking, and a flexible interior support office or retail-oriented occupancy.
Where is this storefront property located?
The property is located at 124 N 10th St Haines City, FL.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Freestanding commercial storefront at 124 N 10th St; Solid block exterior construction; Paved on‑site parking
