Two-Suite Office
New
For Sale
$399,000
209 E BADCOCK, Mulberry, FL 33860
One suite is leased, while the second offers space for occupancy or leasing.
Property Size2,128 SF
Days on Market4
Property Features for 209 E BADCOCK
General Information
Standard status
Active
Size
2,128 SF
Property subtype
Commercial
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$5,054
Building Details
Building Size
2,128 SF
Year Built
1926
Units
2
Listing Agency:
KELLER WILLIAMS REALTY SMART
Listed By:
Thomas Wodrich LLC
(863) 838-8511
Source:
Elliman
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 20 at 9:55PM
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 KELLER WILLIAMS REALTY SMART
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property is configured as two separate suites of 950 SF and 1,178 SF, each with its own entrance and brick paver parking area. Renovation work has been completed, and a permitted roof replacement dates to 2025. The building was constructed in 1926.
The 950 SF suite is leased. The other suite is available for occupancy or lease, giving the property a mix of leased and available office space.
The 950 SF suite is leased. The other suite is available for occupancy or lease, giving the property a mix of leased and available office space.
Key Highlights
- Two separate office suites: 950 SF and 1,178 SF
- Separate entrances and brick paver parking areas for both suites
- Permitted roof replacement completed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,142
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,840
$522.8K
Cap Rate 7%
$373,457
$373.5K
Cap Rate 9%
$290,467
$290.5K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$44.7K $21.00/SF
− Vacancy
−$9.8K −$4.62/SF
EGI
$34.9K $16.38/SF
− OpEx
−$8.7K −$4.10/SF
NOI
$26.1K $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%
$522,840
Cap Rate 7%
$373,457
Cap Rate 9%
$290,467
Alternative Uses
Best Use
Office B
$373.5K
$326.8K – $435.7K
NOI $26,142 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$511.4K
$447.5K – $596.6K
NOI $35,796 @ 7.0% cap · market cap 8.97%
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
2
Office units
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Explore this area
Business Placement
Demographics for 33860, FL
24,932
Population
9,649
Households
2.6
Avg Household Size
36
Median Age
15%
College-Educated
83%
High-School Grad
98.4 sq mi
ZIP Area
253
Density / Sq Mi
$62,779
Median Household Income
$37,688
Median Earnings
$1,150
Median Rent
$221,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - One suite is leased, while the second offers space for occupancy or leasing.
Where is this office building located?
The property is located at 209 E BADCOCK Mulberry, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two separate office suites: 950 SF and 1,178 SF; Separate entrances and brick paver parking areas for both suites; Permitted roof replacement completed in 2025
