Mixed-Use Property with Live-Work
For Sale
$275,000
208 CENTER ST, Auburndale, FL 33823
General Commercial zoning and a bedroom with an ensuite bathroom support a flexible commercial and residential configuration.
Property Size1,476 SF
Price / SF$186.31
Days on Market163
Property Features for 208 CENTER ST
General Information
Standard status
Active
Size
1,476 SF
Property subtype
Mixed Use
Zoning
General Commercial
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$1,748
Amenities
vaulted ceiling
fireplace
fully equipped kitchen
remodeled bathrooms
vinyl privacy fence
solar lighting
double gate
Building Details
Building Size
1,476 SF
Year Built
1940
Listing Agency:
CENTURY 21 MYERS REALTY
Listed By:
Miranda Gregory · License #3626111
(863) 875-5656
Source:
Cbaquaterrarealty
Added: May 25
Changed: Nov 2
Last Checked: Nov 3 at 6:16AM
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 CENTURY 21 MYERS REALTY
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Investment Insights
Based on property information with market context.
This 1,476-square-foot mixed-use property has a vaulted main room with a 60-inch electric fireplace, a kitchen equipped with updated appliances, and several additional rooms. A primary bedroom includes an ensuite bathroom and an oversized closet, creating a layout suited to live-work use. General Commercial zoning is in place.
Property improvements include a replaced HVAC system, new flooring with luxury vinyl plank and carpeting, and remodeled bathrooms. The chimney was reconstructed as part of the fireplace update. Outside, a vinyl privacy fence with solar lighting and a double gate provide access to the rear of the property.
Property improvements include a replaced HVAC system, new flooring with luxury vinyl plank and carpeting, and remodeled bathrooms. The chimney was reconstructed as part of the fireplace update. Outside, a vinyl privacy fence with solar lighting and a double gate provide access to the rear of the property.
Key Highlights
- 1,476‑square‑foot mixed‑use property with General Commercial zoning
- Bedroom with ensuite bathroom and oversized closet supports live‑work use
- Vaulted main room features a 60‑inch electric fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,133
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,660
$362.7K
Cap Rate 7%
$259,043
$259.0K
Cap Rate 9%
$201,478
$201.5K
Market Conditions
NOI Build-Up for 1,476 SF
Gross rent
$31.0K $21.00/SF
− Vacancy
−$6.8K −$4.62/SF
EGI
$24.2K $16.38/SF
− OpEx
−$6.0K −$4.10/SF
NOI
$18.1K $12.29/SF
Area
Polk County, FL
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,660
Cap Rate 7%
$259,043
Cap Rate 9%
$201,478
Alternative Uses
Best Use
Office B
$259.0K
$226.7K – $302.2K
NOI $18,133 @ 7.0% cap · market cap 6.59%
Second Best
Mixed Use
$237.5K
$207.8K – $277.0K
NOI $16,622 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$354.7K
$310.4K – $413.8K
NOI $24,829 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
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Business Placement
Demographics for 33823, FL
33,733
Population
15,383
Households
2.2
Avg Household Size
42
Median Age
17%
College-Educated
86%
High-School Grad
34.9 sq mi
ZIP Area
967
Density / Sq Mi
$64,248
Median Household Income
$39,187
Median Earnings
$1,068
Median Rent
$234,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - General Commercial zoning and a bedroom with an ensuite bathroom support a flexible commercial and residential configuration.
Where is this mixed-use property located?
The property is located at 208 CENTER ST Auburndale, FL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,476‑square‑foot mixed‑use property with General Commercial zoning; Bedroom with ensuite bathroom and oversized closet supports live‑work use; Vaulted main room features a 60‑inch electric fireplace
