Prime Retail Condo on US
For Sale
$3,160,000
1350 N BROADWAY AVENUE, Bartow, FL 33830
Highly visible commercial condo in Bartow's thriving shopping plaza.
Property Size23,591 SF
Price / SF$133.95
Days on Market258
Property Features for 1350 N BROADWAY AVENUE
General Information
Standard status
Active
Size
23,591 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$32,279
Building Details
Building Size
23,591 SF
Year Built
1983
Listing Agency:
VILLAGE REALTY OF WINTER HAVEN
(863) 651-5471
Listed By:
Joshua Taylor · License #3268331
(863) 651-5471
Source:
Mbifloridarealty
Added: Dec 9, 2025
Changed: Aug 23
Last Checked: Aug 22 at 12:21PM
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 VILLAGE REALTY OF WINTER HAVEN
Investment Insights
Based on property information with market context.
This commercial condominium is located along US Highway 98 in Bartow, within a fully occupied shopping plaza. The 23,591± square foot space is currently occupied by a furniture retailer that will vacate upon sale, delivering the property ready for redevelopment. The property features a flexible layout, one roll-up bay door, and two restroom areas. It is suited for medical, government, professional services, retail, or showroom concepts. The plaza offers shared parking. The location on US Hwy 98 and tenant mix create an environment for businesses seeking visibility and accessibility. The property is located within a CRA district, providing potential Community Redevelopment Area incentives and credits for qualifying users. The location benefits from exposure and consistent daily traffic, surrounded by national and local neighbors including a jewelry store, Dollar Tree, a diner, Dunkin’ Donuts, a bank, and a Tesla Supercharger station. The bike score is 37, indicating it is somewhat bikeable, and the walk score is 30, indicating it is car-dependent.
Key Highlights
- High‑visibility location on US Highway 98 in a fully occupied shopping plaza.
- Large 23,591± square foot space, ready for immediate redevelopment.
- Surrounded by strong national and local tenants (Dollar Tree, Dunkin’ Donuts, Tesla Supercharger).
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Highly visible commercial condo in Bartow's thriving shopping plaza.
Where is this retail space located?
The property is located at 1350 N BROADWAY AVENUE 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: High‑visibility location on US Highway 98 in a fully occupied shopping plaza.; Large 23,591± square foot space, ready for immediate redevelopment.; Surrounded by strong national and local tenants (Dollar Tree, Dunkin’ Donuts, Tesla Supercharger).
