One-Story Office-Retail
223 N Commonwealth Avenue SW Polk City, FL 33868
223 N Commonwealth Avenue SW, Polk City, FL, 33868
$355,000
For Sale
$355,000
Single-story concrete building with two separate offices within a mixed retail and office setup.
Property Size1,412 SF
Price / SF$251.42
Days on Market39
Property Features for 223 N Commonwealth Avenue SW
General Information
- Standard status
- Active
- Size
- 1,412 SF
- Property subtype
- Office
Building Details
- Year Built
- 1987
Listing agency
DC GLOBAL PARTNERS
(407) 729-3006
Listed by
Hugo L Calvillo
Source
Xome
Added: Jun 14 Updated: Jul 21 at 3:38PM Checked: Jul 22 at 3:38AM
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 DC GLOBAL PARTNERS
Investment Insights
Based on property information with market context.
This one-story concrete commercial building includes two separate office areas that can operate independently, with one side leased while the other is used. The property is classified in public records as mixed retail with office units, supporting flexible use options such as office, retail, and professional services, subject to zoning and municipal approval.
The building is located in Polk City and is described as being close to the freeway and roads, providing convenient connections for customers and tenants.
With approximately 1,412 square feet under roof on a 9,831-square-foot lot, the asset offers a straightforward, low-rise footprint suitable for owner-user or investment considerations, depending on the approved use.
The building is located in Polk City and is described as being close to the freeway and roads, providing convenient connections for customers and tenants.
With approximately 1,412 square feet under roof on a 9,831-square-foot lot, the asset offers a straightforward, low-rise footprint suitable for owner-user or investment considerations, depending on the approved use.
Key Highlights
- Single‑story concrete building with central air and two separate office areas
- Two offices can be leased on one side while the other is used for an owner‑user setup
- Approximately 1,412 total square feet under roof
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.7k | $21.00 |
| − Vacancy | −$6.5k | −$4.62 |
| EGI | $23.1k | $16.38 |
| − OpEx | −$5.8k | −$4.10 |
| NOI | $17.3k | $12.29 |
1,412 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$247.8K
$216.8K – $289.1K
NOI $17,346 @ 7.0% cap · market cap 4.89%
Second Best
Retail
$226.5K
$198.2K – $264.3K
NOI $15,857 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$339.3K
$296.9K – $395.9K
NOI $23,752 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Classic Hair Design
Hair Salon
Green Alliance USA ...
Roofing Company
Florida Credit Score
Financial Advisor
Green Alliance USA
Roofing Company
Vibes Marketing FL
Marketing & Advertising
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FAQs
What type of property is this?
Office units - Single-story concrete building with two separate offices within a mixed retail and office setup.
Where is this office units located?
The property is located at 223 N Commonwealth Avenue SW Polk City, FL.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Single‑story concrete building with central air and two separate office areas; Two offices can be leased on one side while the other is used for an owner‑user setup; Approximately 1,412 total square feet under roof
