Stand-Alone Flex
New
For Sale
Contact for pricing
2590 Havendale Blvd, Auburndale, FL 33881
Signalized hard-corner property with direct boulevard frontage and commercial/industrial zoning.
Property Size8,000 SF
Price / SF$206.25
Days on Market5
Property Features for 2590 Havendale Blvd
General Information
Standard status
Active
Size
8,000 SF
Additional Details
Road Access
Yes
Clear Height
18 ft
Building Details
Buildings
1
Stories
1
Construction
concrete
Listing Agency:
First Capital Property Group
(407) 872-0177
Listed By:
Gonzalo Vivanco
Source:
Moodyscre
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 29 at 11:48PM
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 First Capital Property Group
Investment Insights
Based on property information with market context.
This stand-alone flex space is a single-story concrete building containing 8,000 square feet. The interior offers 18-foot clear height, providing substantial vertical volume for a range of commercial configurations. Commercial/Industrial zoning supports retail, sit-down restaurant, office, medical office, childcare, personal service, veterinary, kennel, and nursery uses.
The property occupies a signalized hard corner with direct frontage on Havendale Blvd NW in Auburndale, Florida. Its location and freestanding configuration provide a distinct presence along the boulevard, while the building’s adaptable interior supports multiple operating formats.
The property occupies a signalized hard corner with direct frontage on Havendale Blvd NW in Auburndale, Florida. Its location and freestanding configuration provide a distinct presence along the boulevard, while the building’s adaptable interior supports multiple operating formats.
Key Highlights
- 8,000‑square‑foot single‑story concrete building
- 18‑foot clear height supports flexible interior configurations
- Signalized hard‑corner position
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
$89,840
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
5.44%
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%
$1,796,800
$1.8M
Cap Rate 7%
$1,283,429
$1.3M
Cap Rate 9%
$998,222
$998.2K
Market Conditions
NOI Build-Up for 8,000 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
$139.2K $17.40/SF
− Vacancy
−$10.9K −$1.36/SF
EGI
$128.3K $16.04/SF
− OpEx
−$38.5K −$4.81/SF
NOI
$89.8K $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 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%
$1,796,800
Cap Rate 7%
$1,283,429
Cap Rate 9%
$998,222
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.50M
NOI $89,840 @ 7.0% cap · market cap 5.44%
Second Best
Flex RnD
$615.1K
$538.2K – $717.6K
NOI $43,056 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,573 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18 ft
Clear height
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- The Catering Company of Central FLorida — 2090 Havendale Blvd NW, Winter Haven, FL 33881
Frequently Asked Questions
What type of property is this?
Flex space - Signalized hard-corner property with direct boulevard frontage and commercial/industrial zoning.
Where is this flex space located?
The property is located at 2590 Havendale Blvd Auburndale, FL.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 8,000‑square‑foot single‑story concrete building; 18‑foot clear height supports flexible interior configurations; Signalized hard‑corner position
