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Highway Frontage Flex Space
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1917 Us Highway 27 N, Sebring, FL 33870

Adaptable commercial layout combines customer-facing display space, offices, storage, and a covered side loading area.

Property Size14,826 SF
Price / SF$168.62
Days on Market494

Property Features for 1917 Us Highway 27 N

General Information

Standard status Active
Size 14,826 SF
Property subtype RETAIL

Site & Location

Traffic Count 44,000 vehicles/day
Highway Access Yes
Road Access Yes

Additional Details

Warehouse Space 1,800 SF

Amenities

breakroom with kitchen features
Listing Agency: Saunders Real Estate, LLC
Listed By: Carly Powell
Source: Moodyscre
Added: Apr 24, 2025 Changed: Aug 29 Last Checked: Aug 29 at 1:21PM

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 Saunders Real Estate, LLC

Investment Insights

Based on property information with market context.

This 14,826-square-foot flex property combines a retail showroom with supporting office, storage, and service areas. The interior includes a separate room for added floor area or storage, two offices, a file room, and a breakroom with kitchen features. Approximately 1,800 SF is dedicated to warehouse or storage use within the total building area. A covered loading area along the side supports deliveries and customer pickup, while on-site parking serves visitors and staff.

The property fronts US Highway 27 in Sebring, Florida, with reported traffic of approximately 44,000 ± vehicles daily. Its storefront configuration and mix of showroom, office, warehouse, and loading space accommodate a range of commercial layouts within a single building.

Key Highlights

  • 14,826 SF flex property on US Highway 27 in Sebring, FL
  • Approximately 1,800 SF of warehouse/storage space included in total SF
  • Retail showroom with separate room for added floorspace or storage

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
$139,327
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
5.57%
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%
$2,786,540 $2.8M
Cap Rate 7%
$1,990,386 $2.0M
Cap Rate 9%
$1,548,078 $1.5M
Market Conditions
NOI Build-Up for 14,826 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
$222.4K $15.00/SF
− Vacancy
−$23.4K −$1.58/SF
EGI
$199.0K $13.43/SF
− OpEx
−$59.7K −$4.03/SF
NOI
$139.3K $9.40/SF
Area
Highlands County, FL
Vacancy
10.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,786,540
Cap Rate 7%
$1,990,386
Cap Rate 9%
$1,548,078

Alternative Uses

Best Use
Retail
$1.99M
$1.74M – $2.32M (±1% cap)
NOI $139,327 @ 7.0% cap · market cap 5.57%
Second Best
Warehouse
$1.40M
$1.22M – $1.63M (±1% cap)
NOI $97,897 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$3.08M
$2.70M – $3.60M (±1% cap)
NOI $215,914 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Badcock Home Furniture ... Furniture & Home Goods

Suggested Use

Top Pick Plumbing Service Kitchen & Bath Showroom Cosmetic Store

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

44,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

11
Businesses Nearby
Balanced
Demand for This Use

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Adaptable commercial layout combines customer-facing display space, offices, storage, and a covered side loading area.
Where is this flex space located?
The property is located at 1917 Us Highway 27 N Sebring, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 14,826 SF flex property on US Highway 27 in Sebring, FL; Approximately 1,800 SF of warehouse/storage space included in total SF; Retail showroom with separate room for added floorspace or storage
(863) 693-3716 Call to check price and availability
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