Two-Unit Medical Office
For Sale
$799,000
1659 Us Highway 27 N, Avon Park, FL 33825
COMMERCIAL - Avon Park, FL
Property Size4,020 SF
Lot Size0.76 Acres
Price / SF$198.76
Days on Market212
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
Electric (Heating), Central
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) 385-0077
Added: Jan 12
Changed: Aug 12
Last Checked: Aug 12 at 6:06PM
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 is arranged as two separate units within a concrete block building completed in 2018. The 1,675-square-foot first unit is finished with two restrooms and a layout suited to medical or professional office use. The 2,345-square-foot second unit is vacant, allowing for a new interior configuration. Central heating and cooling, electric service, a metal roof, telephone capability, public restrooms, and public sewer are in place.
The 0.76-acre corner site fronts U.S. Highway 27 N in Avon Park, with frontage and signage opportunities noted in the property information. C2 zoning supports the stated commercial positioning, while the highway location provides direct exposure to passing traffic.
The 0.76-acre corner site fronts U.S. Highway 27 N in Avon Park, with frontage and signage opportunities noted in the property information. C2 zoning supports the stated commercial positioning, while the highway location provides direct exposure to passing traffic.
Key Highlights
- 4,020 SF medical office building on a 0.76‑acre corner site
- Two units: 1,675 SF finished suite and 2,345 SF vacant suite
- Finished unit includes two restrooms and a medical or professional office layout
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
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Corner commercial building with a finished office suite and additional space for a custom medical or professional build-out.
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 SF medical office building on a 0.76‑acre corner site; Two units: 1,675 SF finished suite and 2,345 SF vacant suite; Finished unit includes two restrooms and a medical or professional office layout
