Medical Office Property with
For Sale
$147,500
15 S Verona Ave, Avon Park, FL 33825
A second building provides additional space for storage.
Property Size1,200 SF
Price / SF$122.92
Days on Market14
Property Features for 15 S Verona Ave
General Information
Standard status
Active
Size
1,200 SF
Building Details
Year Built
1954
Buildings
2
Listing Agency:
PROPERTY WAREHOUSES OF AMERICA
Listed By:
Louis Vincent · License #3069768
(321) 234-2683
Source:
Livewelltampabay
Added: Sep 26
Changed: Oct 1
Last Checked: Oct 7 at 1:21PM
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 PROPERTY WAREHOUSES OF AMERICA
Investment Insights
Based on property information with market context.
This 1,200-square-foot medical office property was most recently used as a clinic. A second building measuring 15 by 30 feet offers storage space. The property was built in 1954, and office, clinic, and retail uses are identified as potential options.
Located at 15 S Verona Ave in downtown Avon Park, the property fronts a high-traffic street.
Located at 15 S Verona Ave in downtown Avon Park, the property fronts a high-traffic street.
Key Highlights
- 1,200‑square‑foot medical office property
- Second building measures 15 by 30 feet and provides storage
- Most recently used as a clinic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,215
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,300
$244.3K
Cap Rate 7%
$174,500
$174.5K
Cap Rate 9%
$135,722
$135.7K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$20.9K $17.40/SF
− Vacancy
−$4.6K −$3.83/SF
EGI
$16.3K $13.57/SF
− OpEx
−$4.1K −$3.39/SF
NOI
$12.2K $10.18/SF
Area
Highlands County, FL
Vacancy
22.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,300
Cap Rate 7%
$174,500
Cap Rate 9%
$135,722
Alternative Uses
Best Use
Office B
$174.5K
$152.7K – $203.6K
NOI $12,215 @ 7.0% cap · market cap 8.28%
Second Best
Retail
$161.1K
$141.0K – $188.0K
NOI $11,277 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$249.7K
$218.5K – $291.3K
NOI $17,476 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33825, FL
24,943
Population
12,519
Households
2
Avg Household Size
49
Median Age
13%
College-Educated
83%
High-School Grad
112.8 sq mi
ZIP Area
221
Density / Sq Mi
$46,604
Median Household Income
$32,352
Median Earnings
$902
Median Rent
$152,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Lake Forest Veterinary Clinic: Griffin Charles DVM — 320 US Hwy 27, Avon Park, FL 33825
- Lake Forest Veterinary Clinic — 320 US Hwy 27 N, Avon Park, FL 33825
Frequently Asked Questions
What type of property is this?
Medical Office Space - A second building provides additional space for storage.
Where is this medical office space located?
The property is located at 15 S Verona Ave Avon Park, FL.
What is the asking price?
The asking price for this property is $147,500.
What are key features of this property?
This property features: 1,200‑square‑foot medical office property; Second building measures 15 by 30 feet and provides storage; Most recently used as a clinic
