Historic Bartow Office
For Sale
$650,000
150 E Davidson St, Bartow, FL 33830
Historic office building in a desirable Bartow location.
Property Size2,997 SF
Price / SF$216.88
Days on Market142
Property Features for 150 E Davidson St
General Information
Standard status
Active
Size
2,997 SF
Building Details
Year Built
1911
Listing Agency:
PREMIER REALTY NETWORK, INC
Listed By:
Jody Ciavardone · License #3327831
(863) 660-4922
Source:
Chenoregroup
Added: Apr 24
Changed: Sep 8
Last Checked: Sep 12 at 11:02AM
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 PREMIER REALTY NETWORK, INC
Investment Insights
Based on property information with market context.
This historic office building, constructed in 1911 by T.L. Wilson & C.C. Wilson, is situated in a high-visibility area across from the new Bartow Courthouse and the Historic Courthouse. The 2997-square-foot office space retains much of its original charm, including hardwood flooring and original interior features such as tall baseboards, picture rails, built-in bookcases, and soaring ceilings. The layout includes seven offices, an extra-large conference room, three bathrooms, a kitchen, and a copy room. Approximately 12 parking spaces are available. Centrally located near historic downtown Bartow and within walking distance of restaurants, this commercial property is suited for a variety of uses. The property is located at 150 E DAVIDSON St, Bartow, FL 33830. The bike score is 46, indicating it is somewhat bikeable, and the walk score is 22, indicating car-dependent accessibility.
Key Highlights
- Prime location directly across from the new and historic Bartow Courthouses, offering high visibility
- Historic building constructed in 1911 with original charm and features
- Spacious 2997 sq ft office space with 7 offices, large conference room, 3 bathrooms, and kitchen
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
$36,818
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
5.66%
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%
$736,360
$736.4K
Cap Rate 7%
$525,971
$526.0K
Cap Rate 9%
$409,089
$409.1K
Market Conditions
NOI Build-Up for 2,997 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
$62.9K $21.00/SF
− Vacancy
−$13.8K −$4.62/SF
EGI
$49.1K $16.38/SF
− OpEx
−$12.3K −$4.10/SF
NOI
$36.8K $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%
$736,360
Cap Rate 7%
$525,971
Cap Rate 9%
$409,089
Alternative Uses
Best Use
Office B
$526.0K
$460.2K – $613.6K
NOI $36,818 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$720.2K
$630.2K – $840.2K
NOI $50,414 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 33830, FL
29,926
Population
11,989
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
120.5 sq mi
ZIP Area
248
Density / Sq Mi
$62,636
Median Household Income
$37,078
Median Earnings
$1,017
Median Rent
$207,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Historic office building in a desirable Bartow location.
Where is this office building located?
The property is located at 150 E Davidson St Bartow, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime location directly across from the new and historic Bartow Courthouses, offering high visibility; Historic building constructed in 1911 with original charm and features; Spacious 2997 sq ft office space with 7 offices, large conference room, 3 bathrooms, and kitchen
