Medical Office Property with Established
New
For Sale
$1,899,900
220 AVENUE O SE, Winter Haven, FL 33880
Commercial Sale, WINTER HAVEN, FL
Property Size4,566 SF
Lot Size0.91 Acres
Price / SF$416.10
Days on Market1
Property Features for 220 AVENUE O SE
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
R-1B
Subdivision
PUGH C S SUB
Directions
1st N. to Ave. O SE; across from The Regency.
Standard status
Active
APN
26-28-33-654500-000020
Size
4,566 SF
Lot size
0.91 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PUGH C S SUB PB 24 PG 28 LOT 2
Tax Annual Amount
12144
Legal Description
PUGH C S SUB PB 24 PG 28 LOT 2
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1990
Floors in Building
1
Building materials
Brick, Concrete, Frame
Roof type
Shingle
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Daniel McIntee · License #3385913
(877) 366-2213
Added: Aug 27
Last Checked: Aug 27 at 8:06PM
MLS# P4939622
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.
Investment Insights
Based on property information with market context.
This 4,566-square-foot medical office property was built in 1990 and includes an established OB/GYN practice in operation. The existing office configuration supports continued medical use as well as professional office occupancy. Construction includes brick, concrete, and frame materials, with central heating and central air conditioning. The property also has a shingle roof, public water, and public sewer.
Set on 0.91 acres in Winter Haven, the property is positioned within an established medical and professional area near healthcare facilities, professional offices, Downtown Winter Haven, shopping, dining, and other commercial services. Its location provides access to major roadways serving Winter Haven. Zoning is R-1B.
Set on 0.91 acres in Winter Haven, the property is positioned within an established medical and professional area near healthcare facilities, professional offices, Downtown Winter Haven, shopping, dining, and other commercial services. Its location provides access to major roadways serving Winter Haven. Zoning is R-1B.
Key Highlights
- 4,566‑square‑foot medical office property built in 1990
- Operating OB/GYN practice with established tenancy
- 0.91‑acre site in Winter Haven, FL 33880
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,375
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional office setting with an operating OB/GYN practice and continued medical-use potential.
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: 4,566‑square‑foot medical office property built in 1990; Operating OB/GYN practice with established tenancy; 0.91‑acre site in Winter Haven, FL 33880
