Established Business Opportunity, Real Estate
For Sale
$265,000
2106 1ST N, Winter Haven, FL 33881
Operating business for over 20 years, real estate included.
Property Size1,600 SF
Lot Size0.17 Acres
Days on Market232
Property Features for 2106 1ST N
General Information
Standard status
Active
Size
1,600 SF
Lot size
0.17 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,698
Building Details
Building Size
1,600 SF
Year Built
1935
Listing Agency:
RE/MAX REALTEC GROUP
Listed By:
Ada Molina · License #SL3268760
(407) 301-4841
Source:
Elliman
Added: Mar 11
Changed: Oct 26
Last Checked: Oct 26 at 5:54PM
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 RE/MAX REALTEC GROUP
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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 commercial property, situated on a prime corner lot, presents a business opportunity with the real estate included. The stand-alone building has housed an operating business for over 20 years. The property could be converted for other uses, subject to county approval. The roof is approximately 4 years old, and the AC unit is about 1.5 years old. The existing equipment, included in the price, features 6 hair stylist chairs, 3 shampoo chairs, 10 waiting chairs, and 9 dryers. The property is priced to accommodate for needed improvements, presenting an investment opportunity.
Key Highlights
- Established business (over 20 years) with real estate included.
- Prime corner lot location.
- Includes 6 hair stylist chairs, 3 shampoo chairs, 10 waiting chairs and 9 dryers.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,968
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,360
$359.4K
Cap Rate 7%
$256,686
$256.7K
Cap Rate 9%
$199,644
$199.6K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$27.8K $17.40/SF
− Vacancy
−$2.2K −$1.36/SF
EGI
$25.7K $16.04/SF
− OpEx
−$7.7K −$4.81/SF
NOI
$18.0K $11.23/SF
Area
Polk County, FL
Vacancy
7.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,360
Cap Rate 7%
$256,686
Cap Rate 9%
$199,644
Alternative Uses
Best Use
Retail
$256.7K
$224.6K – $299.5K
NOI $17,968 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$384.5K
$336.4K – $448.6K
NOI $26,915 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,550 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Operating business for over 20 years, real estate included.
Where is this retail space located?
The property is located at 2106 1ST N Winter Haven, FL.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Established business (over 20 years) with real estate included.; Prime corner lot location.; Includes **6 hair stylist chairs, 3 shampoo chairs, 10 waiting chairs and 9 dryers.**
