Medical Office with Covered
For Sale
$949,900
2605 Bayview Street, Sebring, FL 33870
The building combines office space with living quarters, a garage, and a reception area.
Property Size6,816 SF
Lot Size1.67 Acres
Price / SF$139.36
Days on Market247
Property Features for 2605 Bayview Street
General Information
Standard status
Active
Size
6,816 SF
Lot size
1.67 Acres
Property subtype
Commercial
Building Details
Year Built
1997
Buildings
1
Building Size
6,816 SF
Listing Agency:
ADVANTAGE REALTY 1
Listed By:
Susan Geitner · License #3050844
(863) 386-0303
Source:
Realtygroupfl
Added: Jan 28
Changed: Oct 1
Last Checked: Oct 1 at 11:36AM
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 ADVANTAGE REALTY 1
Investment Insights
Based on property information with market context.
Built in 1997, this 6,816-square-foot medical office property occupies 1.67 acres. Its layout includes offices, living quarters, a garage, and a reception area with a covered entrance.
The property is 0.1 mile from US 27 and is adjacent to Chick-fil-A. The north side includes almost 1/2 acre identified for expansion.
The property is 0.1 mile from US 27 and is adjacent to Chick-fil-A. The north side includes almost 1/2 acre identified for expansion.
Key Highlights
- 6,816‑square‑foot medical office building on 1.67 acres
- Offices, living quarters, garage, and reception area with covered entrance
- 0.1 mile from US 27; visible from the highway
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
$69,380
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
7.30%
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%
$1,387,600
$1.4M
Cap Rate 7%
$991,143
$991.1K
Cap Rate 9%
$770,889
$770.9K
Market Conditions
NOI Build-Up for 6,816 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
$118.6K $17.40/SF
− Vacancy
−$26.1K −$3.83/SF
EGI
$92.5K $13.57/SF
− OpEx
−$23.1K −$3.39/SF
NOI
$69.4K $10.18/SF
Area
Highlands County, FL
Vacancy
22.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,387,600
Cap Rate 7%
$991,143
Cap Rate 9%
$770,889
Alternative Uses
Best Use
Office B
$991.1K
$867.3K – $1.16M
NOI $69,380 @ 7.0% cap · market cap 7.30%
Second Best
Healthcare Medical
$847.1K
$741.2K – $988.3K
NOI $59,295 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,263 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33870, FL
24,238
Population
13,933
Households
1.7
Avg Household Size
51
Median Age
18%
College-Educated
84%
High-School Grad
95.3 sq mi
ZIP Area
254
Density / Sq Mi
$50,606
Median Household Income
$28,475
Median Earnings
$977
Median Rent
$154,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Petco Vaccination Clinic — 1704 US Hwy 27 N, Sebring, FL 33870
Frequently Asked Questions
What type of property is this?
Medical Office Space - The building combines office space with living quarters, a garage, and a reception area.
Where is this medical office space located?
The property is located at 2605 Bayview Street Sebring, FL.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: 6,816‑square‑foot medical office building on 1.67 acres; Offices, living quarters, garage, and reception area with covered entrance; 0.1 mile from US 27; visible from the highway
