Medical Office Building with Two
1659 Us Highway 27 N, Avon Park, FL 33825
For Sale
$799,000
Commercial, Single Story, Avon Park, FL
Property Size4,020 SF
Lot Size0.76 Acres
Price / SF$198.76
Days on Market304
Property Features for 1659 Us Highway 27 N
General Information
Property type
Property subtype
Zoning
Interior features
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Standard status
APN
Size
Lot size
Additional Details
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Taxes and HOA fees
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Tax Description
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Sewer type
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Building Details
Year built
Floors in Building
Building materials
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Architectural style
Buildings
Listing Agency:
RE/MAX REALTY PLUS · RE/MAX International
Listed By:
C Boring III
(863) 385-0077
Added: Jan 12
Changed: Oct 27
Last Checked: Nov 11 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.
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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 / Yr
$40,920
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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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
$152,400
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Highlands County, FL
Properties on Market for Medical Office Space in Highlands County
Vacancy Rate% for Office in South region
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
