Medical Office Property with Established
For Sale
Contact for pricing
220 AVENUE O SE, Winter Haven, FL 33880
Configured for medical and professional office use with existing tenants in place.
Property Size4,566 SF
Days on Market50
Property Features for 220 AVENUE O SE
General Information
Standard status
Active
Size
4,566 SF
Property subtype
Medical Office
Taxes and HOA fees
Annual Taxes
$12,143
Building Details
Building Size
4,566 SF
Year Built
1990
Tenancy
Multi
Listing Agency:
LPT REALTY, LLC
Listed By:
Daniel McIntee · License #3385913
(863) 206-3757
Source:
Thefullerproperties
Added: Aug 27
Changed: Oct 9
Last Checked: Oct 15 at 5:13AM
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 LPT REALTY, LLC
Investment Insights
Based on property information with market context.
This medical office property was built in 1990 and currently includes established tenancy, including an operating OB/GYN office. The existing office configuration supports continued medical use as well as professional and other office-based businesses. Its layout provides an established setting for healthcare practices and professional services without relying on a vacant-shell concept.
The property is located at 220 Avenue O SE in Winter Haven, within an established medical and professional corridor. Healthcare facilities, medical practices, professional offices, Downtown Winter Haven, shopping, dining, and other commercial services are in the surrounding area. Major roadways provide connectivity throughout Winter Haven, while the location records a walk score of 20 and a bike score of 36, classified as Car-Dependent and Somewhat Bikeable, respectively.
The property is located at 220 Avenue O SE in Winter Haven, within an established medical and professional corridor. Healthcare facilities, medical practices, professional offices, Downtown Winter Haven, shopping, dining, and other commercial services are in the surrounding area. Major roadways provide connectivity throughout Winter Haven, while the location records a walk score of 20 and a bike score of 36, classified as Car-Dependent and Somewhat Bikeable, respectively.
Key Highlights
- Established tenancy includes an operating OB/GYN office
- 1990 construction year
- Medical office configuration supports continued healthcare use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,375
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,147,500
$1.1M
Cap Rate 7%
$819,643
$819.6K
Cap Rate 9%
$637,500
$637.5K
Market Conditions
NOI Build-Up for 4,566 SF
Gross rent
$106.8K $23.40/SF
− Vacancy
−$11.2K −$2.46/SF
EGI
$95.6K $20.94/SF
− OpEx
−$38.3K −$8.38/SF
NOI
$57.4K $12.57/SF
Area
Polk County, FL
Vacancy
10.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,147,500
Cap Rate 7%
$819,643
Cap Rate 9%
$637,500
Alternative Uses
Best Use
Healthcare Medical
$819.6K
$717.2K – $956.3K
NOI $57,375 @ 7.0% cap · market cap 3.02%
Second Best
Office B
$801.3K
$701.2K – $934.9K
NOI $56,093 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$1.10M
$960.1K – $1.28M
NOI $76,807 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,452
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33880, FL
42,005
Population
17,055
Households
2.5
Avg Household Size
38
Median Age
17%
College-Educated
84%
High-School Grad
32.4 sq mi
ZIP Area
1,296
Density / Sq Mi
$56,803
Median Household Income
$35,051
Median Earnings
$1,128
Median Rent
$200,900
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for medical and professional office use with existing tenants in place.
Where is this medical office space located?
The property is located at 220 AVENUE O SE Winter Haven, FL.
What is the asking price?
The asking price for this property is $1,899,900.
What are key features of this property?
This property features: Established tenancy includes an operating OB/GYN office; 1990 construction year; Medical office configuration supports continued healthcare use
