Sports Bar with Illuminated
For Sale
$1,479,999
1708 6TH Street SE, Winter Haven, FL 33880
Commercial Sale, WINTER HAVEN, FL
Property Size4,088 SF
Lot Size0.45 Acres
Price / SF$362.03
Days on Market621
Property Features for 1708 6TH Street SE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
BA
Security features
Security System
Appliances
Dishwasher, Microwave
Subdivision
KENNEDY HEIGHTS
Directions
CYPRESS GARDENS BLVD EAST TO 6TH STREET SE. PROPERTY ON EAST SIDE OF STREET
Standard status
Active
APN
26-28-33-652000-001100
Size
4,088 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
KENNEDY HEIGHTS PB 17 PG 6 BLK 1 LOTS 10 11 & N 35 FT OF 12 LESS R/W SR # 540
Tax Annual Amount
8801
Legal Description
KENNEDY HEIGHTS PB 17 PG 6 BLK 1 LOTS 10 11 & N 35 FT OF 12 LESS R/W SR # 540
Utilities
Sewer type
Public Sewer
Heating system
Exhaust Fan (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1961
Building materials
Block
Listing Agency:
UNITED REALTY GROUP INC
(954) 450-2000
Listed By:
Karen Myers · License #582222
(954) 249-6763
Added: Dec 11, 2024
Changed: Aug 22
Last Checked: Aug 24 at 4:06AM
MLS# O6265199
Copyright © 2026 Stellar MLS. 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 4,088-square-foot sports bar property includes the building, business, and equipment. Constructed in 1961 with block materials, the facility has central air, an exhaust fan, a dishwasher, and a microwave. Public water and public sewer serve the property, and the site encompasses 0.45 acres.
The property is positioned near Cypress Gardens Boulevard and 6th Street SE in Winter Haven, with an illuminated exterior sign providing a prominent identification feature. Surrounding commercial uses include Walmart, TJ Maxx, Publix, Chili's, Olive Garden, Red Lobster, Outback, and other shopping and dining destinations. The property is zoned BA.
The property is positioned near Cypress Gardens Boulevard and 6th Street SE in Winter Haven, with an illuminated exterior sign providing a prominent identification feature. Surrounding commercial uses include Walmart, TJ Maxx, Publix, Chili's, Olive Garden, Red Lobster, Outback, and other shopping and dining destinations. The property is zoned BA.
Key Highlights
- 4,088‑square‑foot building and operating sports bar business included
- Building, business, and equipment conveyed together
- 0.45‑acre site with BA zoning
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
$53,150
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
3.59%
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%
$1,063,000
$1.1M
Cap Rate 7%
$759,286
$759.3K
Cap Rate 9%
$590,556
$590.6K
Market Conditions
NOI Build-Up for 4,088 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
$76.0K $18.60/SF
− Vacancy
−$5.2K −$1.26/SF
EGI
$70.9K $17.34/SF
− OpEx
−$17.7K −$4.33/SF
NOI
$53.1K $13.00/SF
Area
Polk County, FL
Vacancy
6.80%
Lease Rate
$18.60 /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%
$1,063,000
Cap Rate 7%
$759,286
Cap Rate 9%
$590,556
Alternative Uses
Best Use
Specialty Retail
$759.3K
$664.4K – $885.8K
NOI $53,150 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$982.4K
$859.6K – $1.15M
NOI $68,767 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,126
Businesses Nearby
Well-served
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sip N Share Wine & More — 200 Post Ave SW, Winter Haven, FL 33880
- Past Time Lounge — 1605 1st St S, Winter Haven, FL 33880
- Office Pub & Lounge — 1243 1st St S, Winter Haven, FL 33880
- AJ Slammers — 508 Cypress Gardens Blvd, Winter Haven, FL 33880
- Olive Garden Italian Restaurant — 405 Cypress Gardens Blvd, Winter Haven, FL 33880
Frequently Asked Questions
What type of property is this?
Bar & Pub - Operating food-and-beverage property with equipment, central air, public utilities, and established retail and restaurant surroundings.
Where is this bar & pub located?
The property is located at 1708 6TH Street SE Winter Haven, FL.
What is the asking price?
The asking price for this property is $1,479,999.
What are key features of this property?
This property features: 4,088‑square‑foot building and operating sports bar business included; Building, business, and equipment conveyed together; 0.45‑acre site with BA zoning
