Flex Space with Pole
New
For Sale
$749,000
205 LAKE HAMILTON, Winter Haven, FL 33881
A gated, fenced property combines office space, detached garages, and multiple pole barns for varied workspace and storage needs.
Property Size770 SF
Price / SF$60.16
Days on Market1
Property Features for 205 LAKE HAMILTON
General Information
Standard status
Active
Size
770 SF
Property subtype
Commercial
Additional Details
Fenced Yard
Yes
Office Build-Out
770 SF
Taxes and HOA fees
Annual Taxes
$3,168
Building Details
Building Size
770 SF
Year Built
1975
Buildings
6
Listing Agency:
CROSBY & ASSOCIATES, INC.
Listed By:
Chip Fortenberry, III · License #662316
(863) 673-9368
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:21PM
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 CROSBY & ASSOCIATES, INC.
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Investment Insights
Based on property information with market context.
This flex property in Winter Haven includes a 770-square-foot office, two detached garages measuring 1,410 and 1,200 square feet, and three pole barns of 1,120, 3,090, and 4,860 square feet. The buildings total 12,450 square feet. The perimeter is fenced and gated, and the property was built in 1975.
The property is at 205 Lake Hamilton in Winter Haven, Polk County. Its existing mix of enclosed office, garage, and barn space supports a range of workspace and storage configurations.
The property is at 205 Lake Hamilton in Winter Haven, Polk County. Its existing mix of enclosed office, garage, and barn space supports a range of workspace and storage configurations.
Key Highlights
- 12,450 square feet across an office, two detached garages, and three pole barns
- Office building measures 770 square feet
- Detached garages measure 1,410 and 1,200 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,006
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,340,120
$1.3M
Cap Rate 7%
$957,229
$957.2K
Cap Rate 9%
$744,511
$744.5K
Market Conditions
NOI Build-Up for 12,450 SF
Gross rent
$112.1K $9.00/SF
− Vacancy
−$9.0K −$0.72/SF
EGI
$103.1K $8.28/SF
− OpEx
−$36.1K −$2.90/SF
NOI
$67.0K $5.38/SF
Area
Polk County, FL
Vacancy
8.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,340,120
Cap Rate 7%
$957,229
Cap Rate 9%
$744,511
Alternative Uses
Best Use
Warehouse
$1.18M
$1.04M – $1.38M
NOI $82,935 @ 7.0% cap · market cap 11.07%
Second Best
Flex RnD
$957.2K
$837.6K – $1.12M
NOI $67,006 @ 7.0% cap · market cap 8.95%
Theoretical Best
Office A
$2.99M
$2.62M – $3.49M
NOI $209,429 @ 7.0% cap · market cap 27.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33881, FL
38,369
Population
17,948
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
85%
High-School Grad
21.9 sq mi
ZIP Area
1,752
Density / Sq Mi
$53,867
Median Household Income
$33,941
Median Earnings
$1,153
Median Rent
$177,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Legacy Craft BBQ — 320 Niblick Cir, Winter Haven, FL 33881
Frequently Asked Questions
What type of property is this?
Flex space - A gated, fenced property combines office space, detached garages, and multiple pole barns for varied workspace and storage needs.
Where is this flex space located?
The property is located at 205 LAKE HAMILTON Winter Haven, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 12,450 square feet across an office, two detached garages, and three pole barns; Office building measures 770 square feet; Detached garages measure 1,410 and 1,200 square feet
