Storefront Property with
For Sale
$147,500
15 S VERONA Avenue, Avon Park, FL 33825
Commercial Sale, AVON PARK, FL
Property Size1,200 SF
Lot Size0.09 Acres
Price / SF$122.92
Days on Market98
Property Features for 15 S VERONA Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning
C4
Basement
Finished
Appliances
Refrigerator
Subdivision
WILSON SUB
Lot features
City Limits, Sidewalk
Directions
From US 27 and HWY 64 intersection in Avon Park go east on HWY 64 ,turn right on S Verona and the property will be on your left.
Standard status
Active
APN
A-22-33-28-290-0000-0250
Size
1,200 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WILSON SUB PB 1 PG 73A LOT 25
Tax Annual Amount
1563
Legal Description
WILSON SUB PB 1 PG 73A LOT 25
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Building materials
Block, Stucco
Roof type
Metal
Additional Structures
Storage
Listing Agency:
PROPERTY WAREHOUSES OF AMERICA
(321) 234-2683
Listed By:
Louis Vincent · License #3069768
(321) 436-9220
Added: May 18
Changed: Aug 20
Last Checked: Aug 23 at 1:06PM
MLS# O6409636
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,200-square-foot storefront property occupies a 0.09-acre lot in downtown Avon Park. The main building was constructed in 1954 using block and stucco, with central air, a metal roof, and a refrigerator. The property was most recently used as a clinic and includes a separate 15-by-30-foot building that provides additional storage space.
Located at 15 S Verona Avenue, the property has access to electricity, public water, and public sewer. C4 zoning is in place. The existing configuration supports continued consideration of storefront, office, or clinic use, subject to applicable requirements.
Located at 15 S Verona Avenue, the property has access to electricity, public water, and public sewer. C4 zoning is in place. The existing configuration supports continued consideration of storefront, office, or clinic use, subject to applicable requirements.
Key Highlights
- 1,200 SF storefront property on a 0.09‑acre lot
- Separate 15‑by‑30‑foot building for storage
- C4 zoning
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
$12,215
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
8.28%
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%
$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
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
$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 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%
$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
Property Profile
Current Use
Lease Details
Yes
Paved road access
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - C4-zoned storefront with a separate storage building and central air.
Where is this storefront property located?
The property is located at 15 S VERONA Avenue 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 SF storefront property on a 0.09‑acre lot; Separate 15‑by‑30‑foot building for storage; C4 zoning
