Medical Office Building with Two
For Sale
$799,000
1659 Us Highway 27 N, Avon Park, FL 33825
Commercial, Single Story, Avon Park, FL
Property Size4,020 SF
Lot Size0.76 Acres
Price / SF$198.76
Days on Market258
Property Features for 1659 Us Highway 27 N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Interior features
Public Restrooms, Telephone
Directions
From Hwy 27 and Hammock Road in Sebring, travel north on Hwy 27, building is on the left at the corner of Stryker Road and US Hwy 27.
Standard status
Active
APN
A-09-33-28-020-0000-1530
Size
4,020 SF
Lot size
0.76 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LAKEWOOD VILLA + ADDS PB 1 PG 6 N 210 FT OF LOTS 153 + 154 LESS NLY PORT FOR RD R/W .76 ACRES
Tax Annual Amount
21328
Legal Description
LAKEWOOD VILLA + ADDS PB 1 PG 6 N 210 FT OF LOTS 153 + 154 LESS NLY PORT FOR RD R/W .76 ACRES
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Building Details
Year built
2018
Floors in Building
1
Building materials
Concrete Block
Roof type
Metal
Architectural style
Other
Listing Agency:
RE/MAX REALTY PLUS · RE/MAX International
(863) 385-0077
Listed By:
C Boring III
(863) 381-1298
Added: Jan 12
Changed: Sep 13
Last Checked: Sep 27 at 1:06AM
MLS# 321604
Copyright © 2026 Heartland Multiple Listing Service, Inc. 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 4,020-square-foot medical office property contains two separate units within a concrete-block building completed in 2018. The 1,675-square-foot first unit is finished for occupancy and includes two restrooms, while the 2,345-square-foot second unit is vacant and configured for a future build-out. Central electric heating and cooling, public sewer service, telephone infrastructure, and a metal roof are in place.
The 0.76-acre property occupies a corner position at 1659 US Highway 27 N in Avon Park, with direct exposure along the highway. C2 zoning supports the stated commercial classification. The two-unit layout can accommodate a single occupant using both areas or separate occupancy arrangements, subject to applicable approvals.
The 0.76-acre property occupies a corner position at 1659 US Highway 27 N in Avon Park, with direct exposure along the highway. C2 zoning supports the stated commercial classification. The two-unit layout can accommodate a single occupant using both areas or separate occupancy arrangements, subject to applicable approvals.
Key Highlights
- 4,020 square feet across two medical office units
- 1,675‑square‑foot finished unit with two restrooms
- 2,345‑square‑foot vacant unit ready for build‑out
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
$40,920
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
5.12%
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%
$818,400
$818.4K
Cap Rate 7%
$584,571
$584.6K
Cap Rate 9%
$454,667
$454.7K
Market Conditions
NOI Build-Up for 4,020 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
$69.9K $17.40/SF
− Vacancy
−$15.4K −$3.83/SF
EGI
$54.6K $13.57/SF
− OpEx
−$13.6K −$3.39/SF
NOI
$40.9K $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%
$818,400
Cap Rate 7%
$584,571
Cap Rate 9%
$454,667
Alternative Uses
Best Use
Office B
$584.6K
$511.5K – $682.0K
NOI $40,920 @ 7.0% cap · market cap 5.12%
Second Best
Healthcare Medical
$499.6K
$437.2K – $582.9K
NOI $34,972 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$836.3K
$731.8K – $975.7K
NOI $58,544 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
159
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - C2-zoned property combines a finished suite with a second space ready for customized office improvements.
Where is this medical office space located?
The property is located at 1659 Us Highway 27 N Avon Park, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 4,020 square feet across two medical office units; 1,675‑square‑foot finished unit with two restrooms; 2,345‑square‑foot vacant unit ready for build‑out
