Remodeled Six-Suite Office
New
For Sale
$359,900
334 1ST S, Winter Haven, FL 33880
Updated professional space with accessible entry, rear parking, and flexible private offices.
Property Size1,184 SF
Days on Market4
Property Features for 334 1ST S
General Information
Standard status
Active
Size
1,184 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,299
Building Details
Building Size
1,184 SF
Year Built
1926
Listing Agency:
HUT REALTY,LLC
(863) 400-6090
Listed By:
Daniel Hut · License #3417570
(863) 400-6090
Source:
Elliman
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 22 at 11:37AM
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 HUT REALTY,LLC
Investment Insights
Based on property information with market context.
This 1926 office building has undergone extensive remodeling and is configured for immediate occupancy. Improvements include new flooring, energy-efficient windows, fresh interior and exterior paint, an ADA-compliant restroom, and an accessibility ramp at the front entrance. The layout provides six private office suites plus a reception and work area, supporting a range of professional office operations.
The property is located at 334 1ST S in Downtown Winter Haven’s business district, along a high-traffic city street with strong visibility and signage opportunities. Rear parking accommodates approximately 5–8 vehicles depending on configuration. Local government offices, restaurants, shopping, and the Downtown Winter Haven corridor are nearby. The property is in Flood Zone X and has a Walk Score of 13 and Bike Score of 35.
The property is located at 334 1ST S in Downtown Winter Haven’s business district, along a high-traffic city street with strong visibility and signage opportunities. Rear parking accommodates approximately 5–8 vehicles depending on configuration. Local government offices, restaurants, shopping, and the Downtown Winter Haven corridor are nearby. The property is in Flood Zone X and has a Walk Score of 13 and Bike Score of 35.
Key Highlights
- Six private office suites with reception and work area
- Extensively remodeled with new flooring, windows, and interior and exterior paint
- ADA‑compliant restroom and front accessibility ramp
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
$14,545
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
4.04%
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%
$290,900
$290.9K
Cap Rate 7%
$207,786
$207.8K
Cap Rate 9%
$161,611
$161.6K
Market Conditions
NOI Build-Up for 1,184 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
$24.9K $21.00/SF
− Vacancy
−$5.5K −$4.62/SF
EGI
$19.4K $16.38/SF
− OpEx
−$4.8K −$4.10/SF
NOI
$14.5K $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%
$290,900
Cap Rate 7%
$207,786
Cap Rate 9%
$161,611
Alternative Uses
Best Use
Office B
$207.8K
$181.8K – $242.4K
NOI $14,545 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$284.5K
$249.0K – $332.0K
NOI $19,917 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,786
Businesses Nearby
Explore this area
Business Placement
Demographics for 33880, FL
42,005
Population
17,055
Households
2.5
Avg Household Size
38
Median Age
17%
College-Educated
84%
High-School Grad
32.4 sq mi
ZIP Area
1,296
Density / Sq Mi
$56,803
Median Household Income
$35,051
Median Earnings
$1,128
Median Rent
$200,900
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 building - Updated professional space with accessible entry, rear parking, and flexible private offices.
Where is this office building located?
The property is located at 334 1ST S Winter Haven, FL.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Six private office suites with reception and work area; Extensively remodeled with new flooring, windows, and interior and exterior paint; ADA‑compliant restroom and front accessibility ramp
