Downtown Winter Haven Office
151 1ST S STREET, Winter Haven, FL 33880
Two office buildings in a premier downtown Winter Haven location.
Type:Commercial/Industrial
Property size:
3,600 SFLot size:
0.32 AcresPrice / SF:
$250/SF- Added:
- Mar 12, 2026
- Days on Market:
- 67
- Last Refresh:
- Apr 5 at 11:24 pm
Property Features for 151 1ST S STREET
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Lot size
- 0.32 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1983
Listing agent Jason Gregory License #3462829
Listing office KELLER WILLIAMS SUBURBAN TAMPA (813) 684-9500
Listing date Mar 12, 2026
Source Exitrealty
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 KELLER WILLIAMS SUBURBAN TAMPA
HighLights
- Prime downtown Winter Haven location with high traffic count (AADT 28,500) offering excellent business exposure.
- Two recently renovated (March 2024) concrete block office buildings totaling 3600 sq. ft. with new roofs and A/C units.
- Located in a Winter Haven redevelopment area and a Federal opportunity area, potentially offering benefits and tax credits.
- Durable construction with new Owens Corning shingle roofs (replaced March 2024) rated for high wind speeds and featuring premium underlayment, potentially reducing insurance premiums.
- Flexible interior layout with potential for medical office conversion due to perimeter placement of plumbing and restrooms.
- Currently fully occupied by long‑term tenants, providing immediate rental income.
Overview
Two office buildings totaling 3600 sq. ft. are available in downtown Winter Haven. The property is zoned commercial office and is located in a Winter Haven redevelopment area and a Federal opportunity area. Constructed of concrete block with a flat concrete roof and a hip-style roof, both roofs were replaced in March 2024 with Owens Corning shingles, six nails per shingle rated up to 130 mph wind speeds, and Roofnado AnchorDeck high-temperature peel and stick waterproof barrier underlayment. Both roof deckings were also renailed to code. All A/C units were replaced in March 2024. Each building features a 900 sq. ft. office space with two restrooms, three large offices, and an open reception area. Potable water sources, drain systems, and restrooms are located on the perimeter of the building. 14 parking spaces are available. The east building has a door in-between the offices. Both buildings are fully occupied by long-term tenants. The current traffic count is AADT 28,500.
Financial Insights
Value Estimation Calculated for Healthcare Medical
Conservative
$502.6K
NOI $45,237 @ 9.00% cap · cautious / downside scenario
Moderate
$646.2K
NOI $45,237 @ 7.00% cap · market / base-case scenario
Aggressive
$904.7K
NOI $45,237 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Healthcare Medical
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.2k | $23.40 |
| − Vacancy | −$8.8k | −$2.46 |
| EGI | $75.4k | $20.94 |
| − OpEx | −$30.2k | −$8.38 |
| NOI | $45.2k | $12.57 |
3,600 SF · lease $23.40/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Use Scenarios
Best Use
Healthcare Medical
$646.2K
$565.5K – $754.0K
NOI $45,237 @ 7.0% cap · market cap 5.03%
Second Best
Office B
$631.8K
$552.8K – $737.1K
NOI $44,226 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$865.1K
$757.0K – $1.01M
NOI $60,558 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Mercer Insurance Inc
Insurance Agency
Geric Hemp Investments
Financial Advisor
Location Insight
- Map
- Local Demand
- City
- Winter Haven
- County
- Polk
- State
- Florida
- Longitude
- -81.7407
- Latitude
- 27.9917
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two office buildings in a premier downtown Winter Haven location.
Where is this office building located?
The property is located at 151 1ST S STREET Winter Haven, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Prime downtown Winter Haven location with high traffic count (AADT 28,500) offering excellent business exposure.; Two recently renovated (March 2024) concrete block office buildings totaling 3600 sq. ft. with new roofs and A/C units.; Located in a Winter Haven redevelopment area and a Federal opportunity area, potentially offering benefits and tax credits.
