Medical Office
New
For Sale
$230,000
Pending
160 AVENUE E NW, Winter Haven, FL 33881
Professional office layout near hospital and medical services.
Property Size1,029 SF
Days on Market5
Property Features for 160 AVENUE E NW
General Information
Standard status
Pending
Size
1,029 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,811
Building Details
Building Size
1,029 SF
Year Built
1940
Listed By:
Brock Jennings · License #3509659
(863) 990-5846
Source:
Elliman
Added: Sep 9
Last Checked: Sep 12 at 7:12AM
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 Brock Jennings
Investment Insights
Based on property information with market context.
This medical office property at 160 Avenue E NW provides a practical layout for professional office operations. The building dates to 1940 and may accommodate counseling, medical-adjacent services, administrative functions, consulting, or other professional office uses supported by the existing configuration.
The property is in Winter Haven near a hospital, medical services, downtown, and major local roadways. Walk Score is 13, indicating a car-dependent setting, while the Bike Score is 35, classified as somewhat bikeable.
The property is in Winter Haven near a hospital, medical services, downtown, and major local roadways. Walk Score is 13, indicating a car-dependent setting, while the Bike Score is 35, classified as somewhat bikeable.
Key Highlights
- Medical office property at 160 AVENUE E NW, Winter Haven, FL 33881
- 1940 construction year
- Located near a hospital and medical services
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
$12,930
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
5.62%
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%
$258,600
$258.6K
Cap Rate 7%
$184,714
$184.7K
Cap Rate 9%
$143,667
$143.7K
Market Conditions
NOI Build-Up for 1,029 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
$24.1K $23.40/SF
− Vacancy
−$2.5K −$2.46/SF
EGI
$21.6K $20.94/SF
− OpEx
−$8.6K −$8.38/SF
NOI
$12.9K $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%
$258,600
Cap Rate 7%
$184,714
Cap Rate 9%
$143,667
Alternative Uses
Best Use
Healthcare Medical
$184.7K
$161.6K – $215.5K
NOI $12,930 @ 7.0% cap · market cap 5.62%
Second Best
Office B
$180.6K
$158.0K – $210.7K
NOI $12,641 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$247.3K
$216.4K – $288.5K
NOI $17,309 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,571
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33881, FL
38,369
Population
17,948
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
85%
High-School Grad
21.9 sq mi
ZIP Area
1,752
Density / Sq Mi
$53,867
Median Household Income
$33,941
Median Earnings
$1,153
Median Rent
$177,400
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 - Professional office layout near hospital and medical services.
Where is this medical office space located?
The property is located at 160 AVENUE E NW Winter Haven, FL.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Medical office property at 160 AVENUE E NW, Winter Haven, FL 33881; 1940 construction year; Located near a hospital and medical services
