Retail Space For
For Sale
$850,000
2604 AVENUE V NW, Winter Haven, FL 33881
Retail space available for sale in Winter Haven, Florida, offered at 4,350 square feet.
Property Size4,350 SF
Price / SF$195.40
Days on Market51
Property Features for 2604 AVENUE V NW
General Information
Standard status
Active
Size
4,350 SF
Property subtype
Business Opportunity
Zoning
XX
Taxes and HOA fees
Annual Taxes
$6,792
Building Details
Year Built
1973
Listing Agency:
HOME WISE REALTY GROUP, INC.
Listed By:
Chanmarlie Lim · License #3422444
(407) 376-1813
Source:
Evrealestate
Added: Jul 21
Changed: Aug 28
Last Checked: Sep 9 at 6:55AM
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 HOME WISE REALTY GROUP, INC.
Investment Insights
Based on property information with market context.
This retail space, listed for sale, offers approximately 4,350 square feet of commercial area at 2604 Avenue V NW in Winter Haven, Florida. The property is positioned for straightforward retail use and represents a focused, single-purpose commercial offering.
Directions from US-27: head west on Dundee Road (SR 542) toward Winter Haven, continue onto Central Avenue, turn right onto 1st Street N, then left onto Avenue V NW. The property will be on the right. The asset is located in Polk County.
If you are looking for an available retail property for sale in Winter Haven, this centrally addressed space on Avenue V NW may be worth reviewing further.
Directions from US-27: head west on Dundee Road (SR 542) toward Winter Haven, continue onto Central Avenue, turn right onto 1st Street N, then left onto Avenue V NW. The property will be on the right. The asset is located in Polk County.
If you are looking for an available retail property for sale in Winter Haven, this centrally addressed space on Avenue V NW may be worth reviewing further.
Key Highlights
- Retail space for sale in Winter Haven, FL
- 4,350 SF retail space available
- Year built: 1973
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
$48,850
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
5.75%
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%
$977,000
$977.0K
Cap Rate 7%
$697,857
$697.9K
Cap Rate 9%
$542,778
$542.8K
Market Conditions
NOI Build-Up for 4,350 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
$75.7K $17.40/SF
− Vacancy
−$5.9K −$1.36/SF
EGI
$69.8K $16.04/SF
− OpEx
−$20.9K −$4.81/SF
NOI
$48.9K $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%
$977,000
Cap Rate 7%
$697,857
Cap Rate 9%
$542,778
Alternative Uses
Best Use
Retail
$697.9K
$610.6K – $814.2K
NOI $48,850 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$914.7K – $1.22M
NOI $73,174 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
6,495 visits/mo
0.1 miles
Marathon
Shops & Services
5,402 visits/mo
0.1 miles
U-Haul
Shops & Services
1,343 visits/mo
0.1 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for sale in Winter Haven, Florida, offered at 4,350 square feet.
Where is this retail space located?
The property is located at 2604 AVENUE V NW Winter Haven, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Retail space for sale in Winter Haven, FL; 4,350 SF retail space available; Year built: 1973
