Two-Suite Office
For Sale
$399,000
209 E BADCOCK Boulevard, Mulberry, FL 33860
Commercial Sale, MULBERRY, FL
Property Size2,128 SF
Lot Size0.24 Acres
Price / SF$187.50
Days on Market16
Property Features for 209 E BADCOCK Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C-1
Subdivision
PIPKINS L N ADD
Directions
From SR 60, turn north on Church Ave., then east on E. Badcock Blvd. Property will be on the right.
Standard status
Active
APN
23-30-01-144110-008030
Size
2,128 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PIPKINS L N ADD PB 1 PG 73 IN S1/12 T30 R23 BLK 8 LOT 3
Tax Annual Amount
5055
Legal Description
PIPKINS L N ADD PB 1 PG 73 IN S1/12 T30 R23 BLK 8 LOT 3
Utilities
Cooling system
Central Air
Building Details
Year built
1926
Floors in Building
1
Number of units
2
Building materials
Frame
Listing Agency:
KELLER WILLIAMS REALTY
(863) 577-1234
Listed By:
Thomas Wodrich LLC · License #3460093
(863) 838-8511
Added: Oct 1
Changed: Oct 16
Last Checked: Oct 16 at 9:06PM
MLS# L4965506
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,128-square-foot office building contains two distinct suites, measuring 950 square feet and 1,178 square feet. Each has its own entrance and brick-paver parking area. The frame building dates to 1926 and has central air conditioning. A permitted roof replacement was completed in 2025.
The 950-square-foot suite is leased. The 1,178-square-foot suite is available for occupancy or lease, providing a choice between occupying one portion of the building and leasing both suites.
The 950-square-foot suite is leased. The 1,178-square-foot suite is available for occupancy or lease, providing a choice between occupying one portion of the building and leasing both suites.
Key Highlights
- Two office suites: 950 square feet and 1,178 square feet
- Each suite has a separate entrance and brick‑paver parking area
- 950‑square‑foot suite is currently leased
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 can accommodate an owner-user or a separate tenant.
Where is this office building located?
The property is located at 209 E BADCOCK Boulevard 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 office suites: 950 square feet and 1,178 square feet; Each suite has a separate entrance and brick‑paver parking area; 950‑square‑foot suite is currently leased
