Building Details

Year Built 2006

Buildings 2

Listing Agency: ADVANTAGE REALTY 1

Listed By: Benjamin Sommerville · License #3606976 Show Phone

Source: Chenoregroup

Added: Aug 24 Changed: Oct 8 Last Checked: Oct 7 at 5:43PM

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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 ADVANTAGE REALTY 1

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Investment Insights

Based on property information with market context.

Built in 2006, this flex-space property combines office accommodation with an open warehouse area and two large bay doors. The building previously operated as a drive-through convenience store and includes a separate storage structure for additional utility.

Positioned directly on US 27 in Sebring, the property offers roadway exposure and access. A substantial paved area provides space for parking or inventory display, complementing the building’s interior configuration. The layout supports retail, contractor, service, equipment storage, automotive, distribution, or showroom operations as described for the property.

Key Highlights

• Direct frontage on US 27 in Sebring
• Office area paired with an open warehouse layout
• Two large bay doors provide operational access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,790

Cap Rate

3.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$435,800 $435.8K

Cap Rate 7%

$311,286 $311.3K

Cap Rate 9%

$242,111 $242.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,300 SF

Gross rent

$26.9K $8.16/SF

− Vacancy

−$1.3K −$0.39/SF

EGI

$25.6K $7.77/SF

− OpEx

−$3.8K −$1.17/SF

NOI

$21.8K $6.60/SF

Area

Highlands County, FL

Vacancy

4.80%

Lease Rate

$8.16 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$435,800

Cap Rate 7%

$311,286

Cap Rate 9%

$242,111

Alternative Uses

Best Use

Warehouse

$311.3K

$272.4K – $363.2K (±1% cap)

NOI $21,790 @ 7.0% cap · market cap 3.23%

Second Best

Flex RnD

$310.6K

$271.7K – $362.3K (±1% cap)

NOI $21,739 @ 7.0% cap · market cap 3.22%

Theoretical Best

Office A

$686.6K

$600.7K – $801.0K (±1% cap)

NOI $48,059 @ 7.0% cap · market cap 7.12%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Highlands Sheds Inc Construction Company Trademark; Custom Construction ... Construction Company Kula Signs (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Pharmacy Storage Facility HVAC Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

11

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 33870, FL

24,238

Population

13,933

Households

1.7

Avg Household Size

51

Median Age

18%

College-Educated

84%

High-School Grad

95.3 sq mi

ZIP Area

254

Density / Sq Mi

$50,606

Median Household Income

$28,475

Median Earnings

$977

Median Rent

$154,300

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Office, warehouse, storage, and paved onsite areas provide a flexible commercial layout.

Where is this flex space located?

The property is located at 177 Us Highway 27 S Sebring, FL.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: Direct frontage on US 27 in Sebring; Office area paired with an open warehouse layout; Two large bay doors provide operational access