Corner Mixed-Use
For Sale
Contact for pricing
195 E Main St, Bartow, FL 33830
Commercially zoned property combining restaurant potential with second-floor office space in downtown Bartow.
Property Size2,520 SF
Price / SF$436.51
Days on Market747
Property Features for 195 E Main St
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Retail
Zoning
Commercial
Investment Type
Net Lease
Net Operating Income
$55,000
Building Details
Year Renovated
2012
Buildings
1
Stories
2
Building Size
2,520 SF
Abandoned
No
Listing Agency:
Dalton Wade Real Estate Group
Listed By:
Jose Reynoso · License #SL3032029
Source:
Crexi
Added: Aug 16, 2024
Changed: Aug 30
Last Checked: Aug 31 at 3:17AM
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 Dalton Wade Real Estate Group
Investment Insights
Based on property information with market context.
This 2,520-square-foot mixed-use property occupies a corner lot in downtown Bartow and is zoned Commercial. The building includes a restaurant-oriented first-floor layout and a second floor currently configured as office space. The upper level may be converted into two apartments, creating additional flexibility within the existing structure.
The property is located at 195 E Main St, near shops and County offices in central Bartow. Its downtown setting places the building within walking distance of local commercial and civic activity. An outdoor area is also available for potential patio use, subject to applicable approvals.
The property is located at 195 E Main St, near shops and County offices in central Bartow. Its downtown setting places the building within walking distance of local commercial and civic activity. An outdoor area is also available for potential patio use, subject to applicable approvals.
Key Highlights
- 2,520‑square‑foot mixed‑use building on a corner lot
- Commercial zoning supports a range of business‑oriented uses
- First floor configured for restaurant 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
$32,764
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
2.98%
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%
$655,280
$655.3K
Cap Rate 7%
$468,057
$468.1K
Cap Rate 9%
$364,044
$364.0K
Market Conditions
NOI Build-Up for 2,520 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
$46.9K $18.60/SF
− Vacancy
−$3.2K −$1.26/SF
EGI
$43.7K $17.34/SF
− OpEx
−$10.9K −$4.33/SF
NOI
$32.8K $13.00/SF
Area
Polk County, FL
Vacancy
6.80%
Lease Rate
$18.60 /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%
$655,280
Cap Rate 7%
$468,057
Cap Rate 9%
$364,044
Alternative Uses
Best Use
Specialty Retail
$468.1K
$409.6K – $546.1K
NOI $32,764 @ 7.0% cap · market cap 2.98%
Second Best
Mixed Use
$405.4K
$354.7K – $473.0K
NOI $28,378 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$605.6K
$529.9K – $706.5K
NOI $42,390 @ 7.0% cap · market cap 3.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
936
Businesses Nearby
209k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 27%
Groceries 24%
Dining 21%
Home Improvements & Furnishings 17%
Publix
Groceries
50,650 visits/mo
0.5 miles
Lowe's
Home Improvements & Furnishings
35,402 visits/mo
0.5 miles
Five Below
Shops & Services
23,484 visits/mo
0.5 miles
Bealls
Apparel
23,045 visits/mo
0.5 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
18,185 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned property combining restaurant potential with second-floor office space in downtown Bartow.
Where is this mixed-use property located?
The property is located at 195 E Main St Bartow, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2,520‑square‑foot mixed‑use building on a corner lot; Commercial zoning supports a range of business‑oriented uses; First floor configured for restaurant use
