Mixed-Use Medical
For Sale
Contact for pricing
205 1st Street South, Winter Haven, FL 33880
Healthcare-oriented occupancy and specialized medical-office zoning define this fully leased commercial property.
Property Size16,712 SF
Price / SF$344.66
Days on Market171
Property Features for 205 1st Street South
General Information
Standard status
Active
Size
16,712 SF
Property subtype
Retail, Office
Zoning
Medical Complex/Doctors Offices (DOR Code 1943)
Occupancy
100%
Investment Type
Stabilized
Additional Details
Anchor Co-Tenants
Humanitary Medical Center
Building Details
Year Built
2021
Units
6
Tenancy
Multi
Listing Agency:
Green Towers Realty
Listed By:
Max Krzyminski · License #FL SL3391790
Source:
Crexi
Added: Apr 28
Changed: Oct 15
Last Checked: Oct 14 at 8:51PM
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 Green Towers Realty
Investment Insights
Based on property information with market context.
Constructed in 2021, this 16,712-square-foot mixed-use property is zoned Medical Complex/Doctors Offices (DOR Code 1943) and supports a healthcare-oriented tenant mix. Humanitary Medical Center is the anchor, and the property is fully occupied, providing an established operating profile for the asset.
The property includes a 15-year lease extending through 2040, with approximately 12.2 years of weighted average lease term remaining. Annual rent increases of 2.5%-3.0% are part of the lease structure. Positioned at 205 1st Street South in Winter Haven, Florida, the property is located minutes from LEGOLAND Florida Resort and combines a recent construction date with medical-focused occupancy and a defined lease term.
The property includes a 15-year lease extending through 2040, with approximately 12.2 years of weighted average lease term remaining. Annual rent increases of 2.5%-3.0% are part of the lease structure. Positioned at 205 1st Street South in Winter Haven, Florida, the property is located minutes from LEGOLAND Florida Resort and combines a recent construction date with medical-focused occupancy and a defined lease term.
Key Highlights
- 16,712‑square‑foot mixed‑use property built in 2021
- Zoned Medical Complex/Doctors Offices (DOR Code 1943)
- Anchored by Humanitary Medical Center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$210,000
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,200,000
$4.2M
Cap Rate 7%
$3,000,000
$3.0M
Cap Rate 9%
$2,333,333
$2.3M
Market Conditions
NOI Build-Up for 16,712 SF
Gross rent
$391.1K $23.40/SF
− Vacancy
−$41.1K −$2.46/SF
EGI
$350.0K $20.94/SF
− OpEx
−$140.0K −$8.38/SF
NOI
$210.0K $12.57/SF
Area
Polk County, FL
Vacancy
10.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,200,000
Cap Rate 7%
$3,000,000
Cap Rate 9%
$2,333,333
Alternative Uses
Best Use
Healthcare Medical
$3.00M
$2.63M – $3.50M
NOI $210,000 @ 7.0% cap · market cap 3.65%
Second Best
Office B
$2.93M
$2.57M – $3.42M
NOI $205,307 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$4.02M
$3.51M – $4.69M
NOI $281,123 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Healthcare-oriented occupancy and specialized medical-office zoning define this fully leased commercial property.
Where is this mixed-use property located?
The property is located at 205 1st Street South Winter Haven, FL.
What is the asking price?
The asking price for this property is $5,760,000.
What are key features of this property?
This property features: 16,712‑square‑foot mixed‑use property built in 2021; Zoned Medical Complex/Doctors Offices (DOR Code 1943); Anchored by Humanitary Medical Center
