Retail Condominium Suite with Roll-Up
For Sale
$3,160,000
1350 N Broadway Avenue BARTOW, Bartow, FL 33830
Highly visible retail condominium in a fully occupied shopping plaza with a roll-up bay door and two restroom areas.
Property Size23,591 SF
Price / SF$133.95
Days on Market53
Property Features for 1350 N Broadway Avenue BARTOW
General Information
Standard status
Active
Size
23,591 SF
Occupancy
100%
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$32,279
Building Details
Building Size
23,591 SF
Year Built
1983
Buildings
1
Listing Agency:
(904) 447-1321
Listed By:
Patrienna Greene
(904) 447-1321
Source:
Yourfhrm
Added: Jul 9
Changed: Aug 28
Last Checked: Aug 29 at 6:09AM
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 Patrienna Greene
Investment Insights
Based on property information with market context.
This highly visible retail condominium is part of a fully occupied shopping plaza and is currently improved as a furniture retail space. Upon sale, the existing furniture retailer will vacate, delivering the suite as a blank canvas for a new operator. The flexible layout includes one roll-up bay door and two restroom areas, supporting a wide range of retail, showroom, professional services, or service-oriented concepts.
The property is positioned along US Highway 98 in the heart of Bartow and benefits from nearby established tenants, including Dollar Tree, Dunkin’ Donuts, a bank, a popular diner, a jewelry store, and a Tesla Supercharger station. Shared parking across the plaza provides convenient access for customers, employees, and visitors.
In addition, the property is located within a CRA district, which may provide Community Redevelopment Area incentives and credits for qualifying users, helping offset eligible build-out or expansion costs.
The property is positioned along US Highway 98 in the heart of Bartow and benefits from nearby established tenants, including Dollar Tree, Dunkin’ Donuts, a bank, a popular diner, a jewelry store, and a Tesla Supercharger station. Shared parking across the plaza provides convenient access for customers, employees, and visitors.
In addition, the property is located within a CRA district, which may provide Community Redevelopment Area incentives and credits for qualifying users, helping offset eligible build-out or expansion costs.
Key Highlights
- Highly visible US Highway 98 commercial condominium within a fully occupied shopping plaza in Bartow
- 23,591± SF space currently occupied by a furniture retailer that will vacate upon sale
- Flexible interior layout with one roll‑up bay door and two restroom areas
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
$264,926
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
8.38%
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%
$5,298,520
$5.3M
Cap Rate 7%
$3,784,657
$3.8M
Cap Rate 9%
$2,943,622
$2.9M
Market Conditions
NOI Build-Up for 23,591 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
$410.5K $17.40/SF
− Vacancy
−$32.0K −$1.36/SF
EGI
$378.5K $16.04/SF
− OpEx
−$113.5K −$4.81/SF
NOI
$264.9K $11.23/SF
Area
Polk County, FL
Vacancy
7.80%
Lease Rate
$17.40 /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%
$5,298,520
Cap Rate 7%
$3,784,657
Cap Rate 9%
$2,943,622
Alternative Uses
Best Use
Retail
$3.78M
$3.31M – $4.42M
NOI $264,926 @ 7.0% cap · market cap 8.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.67M
$4.96M – $6.61M
NOI $396,838 @ 7.0% cap · market cap 12.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
583k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 26%
Groceries 13%
Home Improvements & Furnishings 11%
Publix
Groceries
50,650 visits/mo
0.4 miles
Chick-fil-A
Dining
48,487 visits/mo
0.4 miles
McDonald's
Dining
40,381 visits/mo
0.1 miles
Lowe's
Home Improvements & Furnishings
35,402 visits/mo
0.4 miles
RaceTrac
Shops & Services
33,690 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?
Retail space - Highly visible retail condominium in a fully occupied shopping plaza with a roll-up bay door and two restroom areas.
Where is this retail space located?
The property is located at 1350 N Broadway Avenue BARTOW Bartow, FL.
What is the asking price?
The asking price for this property is $3,160,000.
What are key features of this property?
This property features: Highly visible US Highway 98 commercial condominium within a fully occupied shopping plaza in Bartow; 23,591± SF space currently occupied by a furniture retailer that will vacate upon sale; Flexible interior layout with one roll‑up bay door and two restroom areas
