Leased Commercial Property in
For Sale
$374,900
212 Main St, Auburndale, FL 33823
Fully leased commercial property with long-term tenant in high-visibility location.
Property Size2,715 SF
Price / SF$138.08
Days on Market195
Property Features for 212 Main St
General Information
Standard status
Active
Size
2,715 SF
Building Details
Year Built
1959
Listing Agency:
CENTURY 21 MYERS REALTY
Listed By:
Brent Morse · License #3108388
(407) 463-6952
Source:
Chenoregroup
Added: Mar 27
Changed: Sep 12
Last Checked: Oct 5 at 7:41PM
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
Investment Insights
Based on property information with market context.
Located in Auburndale, Florida, this commercial property presents an opportunity to acquire a fully leased building in a high-visibility location. The property is currently occupied by a dance studio under a long-term lease at $3,500 per month with a 10-year term. The building features a functional layout suitable for a variety of commercial uses. Ample parking and easy access from a main thoroughfare enhance its appeal. The site offers strong exposure and convenient accessibility, making it an attractive location for both tenants and customers. The property is accessible from Interstate 4 by taking SR559 south into Auburndale, then south onto Main Street. The property is located on the right. The property size is 2,715 square feet.
Key Highlights
- Fully leased commercial property providing immediate and stable income.
- Long‑term lease in place at $3,500/month with a 10‑year term.
- High‑visibility location on a main thoroughfare.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,489
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,780
$609.8K
Cap Rate 7%
$435,557
$435.6K
Cap Rate 9%
$338,767
$338.8K
Market Conditions
NOI Build-Up for 2,715 SF
Gross rent
$47.2K $17.40/SF
− Vacancy
−$3.7K −$1.36/SF
EGI
$43.6K $16.04/SF
− OpEx
−$13.1K −$4.81/SF
NOI
$30.5K $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%
$609,780
Cap Rate 7%
$435,557
Cap Rate 9%
$338,767
Alternative Uses
Best Use
Retail
$435.6K
$381.1K – $508.2K
NOI $30,489 @ 7.0% cap · market cap 8.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.4K
$570.9K – $761.2K
NOI $45,671 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
60k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 32%
Electronics 1%
SONIC Drive In
Dining
15,391 visits/mo
0.3 miles
7-Eleven
Shops & Services
13,568 visits/mo
0.2 miles
Checkers
Dining
8,843 visits/mo
0.3 miles
Hardee's
Dining
7,935 visits/mo
0.4 miles
Beef 'O' Brady's
Dining
7,554 visits/mo
0.3 miles
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Fully leased commercial property with long-term tenant in high-visibility location.
Where is this retail space located?
The property is located at 212 Main St Auburndale, FL.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Fully leased commercial property providing immediate and stable income.; Long‑term lease in place at $3,500/month with a 10‑year term.; High‑visibility location on a main thoroughfare.
