Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    2037 Sr-66 Route Sebring, FL 33875

    View on Map
    Claim this Listing
    New
    For Sale
    $579,000

    LAND - Sebring, FL

    Lot size:
    4.91 Acres
    Added:
    May 6, 2026
    Days on Market:
    2
    Last Refresh:
    May 7 at 8:06 pm

    Property Features for 2037 Sr-66 Route

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1
    Standard status
    Active
    APN
    C-24-35-28-140-0010-0010
    Lot size
    4.91 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    ORANGE BLOSSOM CCC UNIT 14 PB 10-PG 6 LOTS 1-2-3 BLK 1
    Tax Annual Amount
    500

    We can help!

    Listing Contact
    Brandy Shawley

    Listing agent Brandy Shawley

    Listing office BHHS Florida Properties Group 131 US Hwy 27 N, Trinity, FL

    Listing date May 6, 2026

    MLS# 325058 Listing URL

    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.

    HighLights

    • 4. 91‑acre parcel in a rapidly growing area with commercial potential
    • Sellers offer a $25,000 credit towards a 1031 exchange if closed by 06/10/2026
    • Suitable for apartments, retail, restaurant, or small grocery store development
    • Located adjacent to a growing residential neighborhood, providing a built‑in customer base
    • Sellers will provide a 30‑day due diligence period for rezoning inquiry
    • Dollar General located nearby validates demand for commercial services

    Overview

    Prime Development Land in Sebring

    This 4.91-acre vacant parcel, currently zoned R1, presents an exceptional development opportunity in a rapidly growing area. The property is well-suited for apartments, a retail shop, restaurant, or small grocery store. A growing residential neighborhood is located directly behind the property, establishing a built-in customer base. A Dollar General is a quarter mile away, further validating the demand for commercial services in the area. The sellers will provide the buyer with a 30-day due diligence period for rezoning inquiry and to submit application to Highlands County Zoning Department. They are offering $25,000 credit towards 1031 exchange if closed by 06/10/2026. The property was R3, Commercialized in 1989, zoned B3/CU. Currently Residential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Sebring
    County
    Highlands
    State
    Florida
    Longitude
    -81.454559
    Latitude
    27.411436

    Nearby Similar for Sale

    • $1,200,000
      6,792 SF

      Versatile Industrial Property in Sebring

      Two buildings on nearly one acre, ideal for manufacturing.
      623 Park Street, Sebring, FL 33870
      View Details
    • $1,200,000
      6,792 SF

      Versatile Industrial Property in Sebring

      Two buildings on nearly one acre, ideal for manufacturing.
      623 Park Street, Sebring, FL 33870
      View Details
    • $399,000
      2,886 SF

      Sebring Commercial Building For Sale

      Commercial building in downtown Sebring, an excellent investment opportunity.
      343 S Commerce Avenue, Sebring, FL 33870
      View Details
    • $3,495,000
      4,155 SF

      Turnkey Restaurant with Development Land

      Operating restaurant with expansion land along US-27 corridor.
      4040 US HIGHWAY 27 S, SEBRING, FL 33870
      View Details
    • $447,000
      2,566 SF

      Newer Duplex in Spring Lake

      Income-producing duplex near Sebring International Raceway, fully rented.
      6301 Candler Terrace, Sebring, FL 33876
      View Details
    • $614,900

      Renovated Triplex in Sun 'n Lake

      Fully renovated triplex with versatile layout in Sebring, Florida.
      4702 Mercado Drive, Sebring, FL 33872
      View Details
    • $447,000

      Income-Producing Duplex in Spring Lake

      Newer, fully rented duplex near Sebring International Raceway.
      6301 Candler Terrace, Sebring, FL 33876
      View Details
    • $440,000

      Lakefront Land in Sebring, FL

      3.28 acres of cleared land with lake views.
      646 Memorial Drive, Sebring, FL 33870
      View Details
    • $689,000
      5,300 SF

      Historic Automotive Building on Corner

      High-visibility corner lot, operating as automotive body shop.
      702 N Ridgewood Dr, Sebring, FL 33870
      View Details
    • $20,000

      Residential Lot in Sun N’ Lake

      0.23-acre corner lot in desirable Sun N’ Lake community.
      7538 Bernal Drive, Sebring, FL 33872
      View Details
    • $799,000

      Highway Frontage Land Opportunity

      32.58 acres of land with highway frontage.
      415 LAKE JOSEPHINE DRIVE, SEBRING, FL 33875
      View Details
    • $375,000
      2,240 SF

      Renovated Duplex in Sebring, FL

      Well-maintained, renovated duplex with income potential in Sebring, Florida.
      4045 Leaf Rd, Sebring, FL 33875
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4.91 acres with commercial potential in a growing area.
    Where is this commercial land located?
    The property is located at 2037 Sr-66 Route Sebring, FL.
    What is the asking price?
    The asking price for this property is $579,000.
    What are key features of this property?
    This property features: 4. 91‑acre parcel in a rapidly growing area with commercial potential; Sellers offer a $25,000 credit towards a 1031 exchange if closed by 06/10/2026; Suitable for apartments, retail, restaurant, or small grocery store development
    (863) 243-8432
    We can help!
    Listing Contact
    Brandy Shawley
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2037 Sr-66 Route, Sebring, FL 33875
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!