Two-Story Bank Building With
For Sale
$899,900
2 W Main Street, Avon Park, FL 33825
COMMERCIAL - Avon Park, FL
Property Size8,566 SF
Lot Size0.88 Acres
Price / SF$105.05
Days on Market771
Property Features for 2 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C4
Interior features
Handicap Facilities, Public Restrooms, Telephone
Exterior features
Brick
Accessibility
Accessible Approach with Ramp
Directions
US 27 and Hammock Road north on US 27 to West on Main Street in Avon Park to building on left at corner of W Main and Lake.
Standard status
Active
APN
A-22-33-28-010-0580-0130
Size
8,566 SF
Lot size
0.88 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
TOWN OF AVON PARK IN SEC 22-33-28 LOT 13 + S 38 FT LOT 14- LOT 15 + LOT 16-LESS S 15 FT FOR ALLEY + ALL LOTS 17 TO 20 INC BLK 58
Tax Annual Amount
6710
Legal Description
TOWN OF AVON PARK IN SEC 22-33-28 LOT 13 + S 38 FT LOT 14- LOT 15 + LOT 16-LESS S 15 FT FOR ALLEY + ALL LOTS 17 TO 20 INC BLK 58
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Building Details
Year built
1961
Floors in Building
2
Flooring type
Linoleum, Tile, Carpet
Building materials
Brick, Concrete Block
Roof type
Built-Up
Architectural style
Other
Listing Agency:
ADVANTAGE REALTY #1
(863) 386-0303
Listed By:
Gregory Karlson · License #569759
(863) 381-4932
Added: Jul 1, 2024
Changed: Aug 7
Last Checked: Aug 10 at 10:06AM
MLS# 306351
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 two-story bank building occupies a 0.88-acre hard corner at a traffic light near West Main Street and Lake in Avon Park. The property includes brick and concrete block construction, public restrooms, telephone service, carpet, tile, and linoleum flooring, along with central electric heating and cooling. A ramp provides accessible approach, and the site is served by public sewer.
The building contains four vaults measuring 15x15: three on the lower level and one upstairs. The vaults are described as capable of holding Class 3 firearms and explosives. C4 zoning, a built-up roof, and the existing bank configuration add to the property’s commercial characteristics. The address is 2 W Main Street, Avon Park, FL 33825.
The building contains four vaults measuring 15x15: three on the lower level and one upstairs. The vaults are described as capable of holding Class 3 firearms and explosives. C4 zoning, a built-up roof, and the existing bank configuration add to the property’s commercial characteristics. The address is 2 W Main Street, Avon Park, FL 33825.
Key Highlights
- Four 15x15 vaults: three downstairs and one upstairs
- C4 zoning on a 0.88‑acre hard‑corner parcel
- Located at a traffic light near West Main Street and Lake
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
$80,499
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
8.95%
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%
$1,609,980
$1.6M
Cap Rate 7%
$1,149,986
$1.1M
Cap Rate 9%
$894,433
$894.4K
Market Conditions
NOI Build-Up for 8,566 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
$128.5K $15.00/SF
− Vacancy
−$13.5K −$1.58/SF
EGI
$115.0K $13.43/SF
− OpEx
−$34.5K −$4.03/SF
NOI
$80.5K $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%
$1,609,980
Cap Rate 7%
$1,149,986
Cap Rate 9%
$894,433
Alternative Uses
Best Use
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,066 @ 7.0% cap · market cap 9.34%
Second Best
Retail
$1.15M
$1.01M – $1.34M
NOI $80,499 @ 7.0% cap · market cap 8.95%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,748 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 78%
Shops & Services 22%
Palmer Ace Hardware
Home Improvements & Furnishings
3,889 visits/mo
0.2 miles
Grand Rental Station
Shops & Services
1,067 visits/mo
0.3 miles
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 Retail 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?
Bank - C4-zoned commercial property on a 0.88-acre hard corner with brick construction and central HVAC.
Where is this bank located?
The property is located at 2 W Main Street Avon Park, FL.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Four 15x15 vaults: three downstairs and one upstairs; C4 zoning on a 0.88‑acre hard‑corner parcel; Located at a traffic light near West Main Street and Lake
