Building Details

Year Built 1911

Listing Agency: PREMIER REALTY NETWORK, INC

Listed By: Jody Ciavardone · License #3327831 Show Phone

Source: Chenoregroup

Added: Apr 24 Changed: Oct 25 Last Checked: Oct 7 at 3:10PM

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Investment Insights

Based on property information with market context.

This historic office building, constructed in 1911 by T.L. Wilson & C.C. Wilson, is situated in a high-visibility area across from the new Bartow Courthouse and the Historic Courthouse. The 2997-square-foot office space retains much of its original charm, including hardwood flooring and original interior features such as tall baseboards, picture rails, built-in bookcases, and soaring ceilings. The layout includes seven offices, an extra-large conference room, three bathrooms, a kitchen, and a copy room. Approximately 12 parking spaces are available. Centrally located near historic downtown Bartow and within walking distance of restaurants, this commercial property is suited for a variety of uses. The property is located at 150 E DAVIDSON St, Bartow, FL 33830. The bike score is 46, indicating it is somewhat bikeable, and the walk score is 22, indicating car-dependent accessibility.

Key Highlights

• Prime location directly across from the new and historic Bartow Courthouses, offering high visibility
• Historic building constructed in 1911 with original charm and features
• Spacious 2997 sq ft office space with 7 offices, large conference room, 3 bathrooms, and kitchen

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,818

Cap Rate

5.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$736,360 $736.4K

Cap Rate 7%

$525,971 $526.0K

Cap Rate 9%

$409,089 $409.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,997 SF

Gross rent

$62.9K $21.00/SF

− Vacancy

−$13.8K −$4.62/SF

EGI

$49.1K $16.38/SF

− OpEx

−$12.3K −$4.10/SF

NOI

$36.8K $12.29/SF

Area

Polk County, FL

Vacancy

22.00%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$736,360

Cap Rate 7%

$525,971

Cap Rate 9%

$409,089

Alternative Uses

Best Use

Office B

$526.0K

$460.2K – $613.6K (±1% cap)

NOI $36,818 @ 7.0% cap · market cap 5.66%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$720.2K

$630.2K – $840.2K (±1% cap)

NOI $50,414 @ 7.0% cap · market cap 7.76%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Stidman Jonathan Law Firm Stidham & Stidham Law Firm

Suggested Use

Top Pick Real Estate Agency Building Supply Kitchen & Bath Showroom Storage Facility Big Box & Wholesale Store Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,044

Businesses Nearby

Explore this area Business Placement

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 Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Historic office building in a desirable Bartow location.

Where is this office building located?

The property is located at 150 E Davidson St Bartow, FL.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Prime location directly across from the new and historic Bartow Courthouses, offering high visibility; Historic building constructed in 1911 with original charm and features; Spacious 2997 sq ft office space with 7 offices, large conference room, 3 bathrooms, and kitchen