Medical Office
For Sale
$230,000
160 AVENUE E NW, Winter Haven, FL 33881
Professional office layout near hospital and medical services.
Property Size1,029 SF
Days on Market50
Property Features for 160 AVENUE E NW
General Information
Standard status
Active
Size
1,029 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,811
Building Details
Building Size
1,029 SF
Year Built
1940
Listed By:
Brock Jennings · License #3509659
(863) 990-5846
Source:
Elliman
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 26 at 4:56PM
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 Brock Jennings
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Investment Insights
Based on property information with market context.
This medical office property at 160 Avenue E NW provides a practical layout for professional office operations. The building dates to 1940 and may accommodate counseling, medical-adjacent services, administrative functions, consulting, or other professional office uses supported by the existing configuration.
The property is in Winter Haven near a hospital, medical services, downtown, and major local roadways. Walk Score is 13, indicating a car-dependent setting, while the Bike Score is 35, classified as somewhat bikeable.
The property is in Winter Haven near a hospital, medical services, downtown, and major local roadways. Walk Score is 13, indicating a car-dependent setting, while the Bike Score is 35, classified as somewhat bikeable.
Key Highlights
- Medical office property at 160 AVENUE E NW, Winter Haven, FL 33881
- 1940 construction year
- Located near a hospital and medical services
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,930
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,600
$258.6K
Cap Rate 7%
$184,714
$184.7K
Cap Rate 9%
$143,667
$143.7K
Market Conditions
NOI Build-Up for 1,029 SF
Gross rent
$24.1K $23.40/SF
− Vacancy
−$2.5K −$2.46/SF
EGI
$21.6K $20.94/SF
− OpEx
−$8.6K −$8.38/SF
NOI
$12.9K $12.57/SF
Area
Polk County, FL
Vacancy
10.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,600
Cap Rate 7%
$184,714
Cap Rate 9%
$143,667
Alternative Uses
Best Use
Healthcare Medical
$184.7K
$161.6K – $215.5K
NOI $12,930 @ 7.0% cap · market cap 5.62%
Second Best
Office B
$180.6K
$158.0K – $210.7K
NOI $12,641 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$247.3K
$216.4K – $288.5K
NOI $17,309 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,571
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33881, FL
38,369
Population
17,948
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
85%
High-School Grad
21.9 sq mi
ZIP Area
1,752
Density / Sq Mi
$53,867
Median Household Income
$33,941
Median Earnings
$1,153
Median Rent
$177,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional office layout near hospital and medical services.
Where is this medical office space located?
The property is located at 160 AVENUE E NW Winter Haven, FL.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Medical office property at 160 AVENUE E NW, Winter Haven, FL 33881; 1940 construction year; Located near a hospital and medical services
