Medical Office Property with Established
New
For Sale
$1,899,900
220 AVENUE O SE, Winter Haven, FL 33880
Configured for medical and professional office use with existing tenants in place.
Property Size4,566 SF
Days on Market3
Property Features for 220 AVENUE O SE
General Information
Standard status
Active
Size
4,566 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,143
Building Details
Building Size
4,566 SF
Year Built
1990
Tenancy
Multi
Listing Agency:
LPT Realty, LLC.
(863) 270-2138
Listed By:
Tania Bobe · License #3342106
(863) 270-2138
Source:
Elliman
Added: Aug 28
Changed: Aug 30
Last Checked: Aug 30 at 3:26AM
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 LPT Realty, LLC.
Investment Insights
Based on property information with market context.
This medical office property was built in 1990 and currently includes established tenancy, including an operating OB/GYN office. The existing office configuration supports continued medical use as well as professional and other office-based businesses. Its layout provides an established setting for healthcare practices and professional services without relying on a vacant-shell concept.
The property is located at 220 Avenue O SE in Winter Haven, within an established medical and professional corridor. Healthcare facilities, medical practices, professional offices, Downtown Winter Haven, shopping, dining, and other commercial services are in the surrounding area. Major roadways provide connectivity throughout Winter Haven, while the location records a walk score of 20 and a bike score of 36, classified as Car-Dependent and Somewhat Bikeable, respectively.
The property is located at 220 Avenue O SE in Winter Haven, within an established medical and professional corridor. Healthcare facilities, medical practices, professional offices, Downtown Winter Haven, shopping, dining, and other commercial services are in the surrounding area. Major roadways provide connectivity throughout Winter Haven, while the location records a walk score of 20 and a bike score of 36, classified as Car-Dependent and Somewhat Bikeable, respectively.
Key Highlights
- Established tenancy includes an operating OB/GYN office
- 1990 construction year
- Medical office configuration supports continued healthcare use
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
$57,375
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
3.02%
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%
$1,147,500
$1.1M
Cap Rate 7%
$819,643
$819.6K
Cap Rate 9%
$637,500
$637.5K
Market Conditions
NOI Build-Up for 4,566 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
$106.8K $23.40/SF
− Vacancy
−$11.2K −$2.46/SF
EGI
$95.6K $20.94/SF
− OpEx
−$38.3K −$8.38/SF
NOI
$57.4K $12.57/SF
Area
Polk County, FL
Vacancy
10.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
40.00%
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%
$1,147,500
Cap Rate 7%
$819,643
Cap Rate 9%
$637,500
Alternative Uses
Best Use
Healthcare Medical
$819.6K
$717.2K – $956.3K
NOI $57,375 @ 7.0% cap · market cap 3.02%
Second Best
Office B
$801.3K
$701.2K – $934.9K
NOI $56,093 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$1.10M
$960.1K – $1.28M
NOI $76,807 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,452
Businesses Nearby
Under-served
Demand for This Use
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?
Medical Office Space - Configured for medical and professional office use with existing tenants in place.
Where is this medical office space located?
The property is located at 220 AVENUE O SE Winter Haven, FL.
What is the asking price?
The asking price for this property is $1,899,900.
What are key features of this property?
This property features: Established tenancy includes an operating OB/GYN office; 1990 construction year; Medical office configuration supports continued healthcare use
