Retail Warehouse with Loading
For Sale
$3,000,000
4230 Us Highway 27 N, Sebring, FL
Multi-tenant retail and warehouse property with a loading dock, situated on 1.54 acres on a high-traffic corridor.
Property Size21,568 SF
Lot Size1.54 Acres
Price / SF$139.09
Days on Market546
Property Features for 4230 Us Highway 27 N
General Information
Standard status
Active
Size
21,568 SF
Lot size
1.54 Acres
Site & Location
Traffic Count
33,000 vehicles/day
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$19,420
Listing Agency:
BHHS Florida Properties Group
(863) 402-5701
Listed By:
William Struck
(863) 368-1852
Source:
Exprealty
Added: Mar 11, 2025
Changed: Aug 20
Last Checked: Sep 6 at 10:13AM
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 BHHS Florida Properties Group
Investment Insights
Based on property information with market context.
This property offers more than 21,000 square feet of functioning retail, warehouse, and storage space. The front retail and warehouse unit totals 16,568 square feet and includes a loading dock. The back building contains five retail leasable units sized at 25 x 40, with three currently leased.
The site is located on the main artery of Highlands County along US 27, in a high-traffic area with excellent visibility. A DOT traffic count of 33,000 supports strong day-to-day exposure.
The property is currently occupied by a well-known, exceptionally run Appliance and TV retailer. It is also available for sale, and the listing notes a potential sale-leaseback opportunity.
The site is located on the main artery of Highlands County along US 27, in a high-traffic area with excellent visibility. A DOT traffic count of 33,000 supports strong day-to-day exposure.
The property is currently occupied by a well-known, exceptionally run Appliance and TV retailer. It is also available for sale, and the listing notes a potential sale-leaseback opportunity.
Key Highlights
- Over 21,000 SF of retail, warehouse, and storage space on US 27 in Highlands County
- 1.54‑acre property on a high‑traffic corridor (DOT traffic count: 33,000)
- Retail/warehouse unit offers 16,568 SF plus a loading dock
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
$202,685
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
6.76%
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%
$4,053,700
$4.1M
Cap Rate 7%
$2,895,500
$2.9M
Cap Rate 9%
$2,252,056
$2.3M
Market Conditions
NOI Build-Up for 21,568 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
$323.5K $15.00/SF
− Vacancy
−$34.0K −$1.58/SF
EGI
$289.6K $13.43/SF
− OpEx
−$86.9K −$4.03/SF
NOI
$202.7K $9.40/SF
Area
Highlands County, FL
Vacancy
10.50%
Lease Rate
$15.00 /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%
$4,053,700
Cap Rate 7%
$2,895,500
Cap Rate 9%
$2,252,056
Alternative Uses
Best Use
Retail
$2.90M
$2.53M – $3.38M
NOI $202,685 @ 7.0% cap · market cap 6.76%
Second Best
Warehouse
$2.03M
$1.78M – $2.37M
NOI $142,415 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$4.49M
$3.93M – $5.23M
NOI $314,099 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
33,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
875
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Luke's Good Eatin — Sebring, FL 33871
Frequently Asked Questions
What type of property is this?
Flex space - Multi-tenant retail and warehouse property with a loading dock, situated on 1.54 acres on a high-traffic corridor.
Where is this flex space located?
The property is located at 4230 Us Highway 27 N Sebring, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Over 21,000 SF of retail, warehouse, and storage space on US 27 in Highlands County; 1.54‑acre property on a high‑traffic corridor (DOT traffic count: 33,000); Retail/warehouse unit offers 16,568 SF plus a loading dock
