Flexible Downtown Storefront
For Sale
$679,000
155 Avenue B, Winter Haven, FL 33880
For sale storefront property with flexible layout and an attached garage/studio to support varied commercial uses.
Property Size4,325 SF
Price / SF$156.99
Days on Market126
Property Features for 155 Avenue B
General Information
Standard status
Active
Size
4,325 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$5,303
Amenities
Central Air
3
Building Details
Year Built
1978
Listing Agency:
KELLER WILLIAMS REALTY SMART 1
(863) 508-3000
Listed By:
Dawn Van Meter
Source:
Xome
Added: Apr 9
Changed: Aug 8
Last Checked: Aug 11 at 5:35AM
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 REALTY SMART 1
Investment Insights
Based on property information with market context.
This for-sale storefront property offers approximately 4,325 square feet of flexible space and is presented as adaptable for a range of commercial uses. The building configuration is described as allowing for either owner occupancy with rental revenue or a blended use approach, depending on how the space is set up. An attached garage/studio provides additional usable space and/or storage.
Located in the core of Winter Haven with downtown visibility, the property is positioned for convenient access to nearby shops and dining, with foot traffic referenced as a key part of the setting.
The overall layout is marketed for applications including boutique retail, professional offices, creative studio environments, or wellness services. The combination of storefront-oriented space and the attached garage/studio supports multiple ways to use the property.
Located in the core of Winter Haven with downtown visibility, the property is positioned for convenient access to nearby shops and dining, with foot traffic referenced as a key part of the setting.
The overall layout is marketed for applications including boutique retail, professional offices, creative studio environments, or wellness services. The combination of storefront-oriented space and the attached garage/studio supports multiple ways to use the property.
Key Highlights
- Approximately 4,325 SF commercial space with a flexible layout for varied commercial uses
- Year built: 1978
- Central air cooling
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
$48,570
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
7.15%
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%
$971,400
$971.4K
Cap Rate 7%
$693,857
$693.9K
Cap Rate 9%
$539,667
$539.7K
Market Conditions
NOI Build-Up for 4,325 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
$75.3K $17.40/SF
− Vacancy
−$5.9K −$1.36/SF
EGI
$69.4K $16.04/SF
− OpEx
−$20.8K −$4.81/SF
NOI
$48.6K $11.23/SF
Area
Polk County, FL
Vacancy
7.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$971,400
Cap Rate 7%
$693,857
Cap Rate 9%
$539,667
Alternative Uses
Best Use
Retail
$693.9K
$607.1K – $809.5K
NOI $48,570 @ 7.0% cap · market cap 7.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$909.4K – $1.21M
NOI $72,753 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,676
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33880, FL
42,005
Population
17,055
Households
2.5
Avg Household Size
38
Median Age
17%
College-Educated
84%
High-School Grad
32.4 sq mi
ZIP Area
1,296
Density / Sq Mi
$56,803
Median Household Income
$35,051
Median Earnings
$1,128
Median Rent
$200,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - For sale storefront property with flexible layout and an attached garage/studio to support varied commercial uses.
Where is this storefront property located?
The property is located at 155 Avenue B Winter Haven, FL.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Approximately 4,325 SF commercial space with a flexible layout for varied commercial uses; Year built: 1978; Central air cooling
