Office Building with Reception
For Sale
$949,900
2605 Bayview Street, Sebring, FL 33870
Office building with offices, garage, living quarters, and a reception area with a covered entry on 1.67 acres.
Property Size6,816 SF
Lot Size1.67 Acres
Price / SF$139.36
Days on Market211
Property Features for 2605 Bayview Street
General Information
Standard status
Active
Size
6,816 SF
Lot size
1.67 Acres
Property subtype
Mixed Use
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$14,627
Amenities
Central Air
3
Building Details
Year Built
1997
Listing Agency:
ADVANTAGE REALTY 1
(863) 386-1111
Listed By:
Susan Geitner · License #3050844
Source:
Xome
Added: Jan 28
Changed: Aug 24
Last Checked: Aug 26 at 6:57AM
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.
This office building totals 6,816 square feet and sits on 1.67 acres. The practical layout includes living quarters, a garage, and office space, along with a reception area featuring a covered entry.
The property is located in the heart of Sebring and neighbors Chick-Fil-A. It is visible from US 27, approximately one-tenth of a mile from the corridor, providing convenient access for business use.
An additional parcel area of almost one-half acre on the north side may support expansion, subject to applicable approvals. The property is currently under contract accepting backup offers.
The property is located in the heart of Sebring and neighbors Chick-Fil-A. It is visible from US 27, approximately one-tenth of a mile from the corridor, providing convenient access for business use.
An additional parcel area of almost one-half acre on the north side may support expansion, subject to applicable approvals. The property is currently under contract accepting backup offers.
Key Highlights
- 6,816 SF office building on 1.67 acres in Sebring
- Reception area with a covered entry
- Layout includes offices, garage, and living quarters
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
Property Profile
Current Use
Lease Details
Yes
Highway access
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - Office building with offices, garage, living quarters, and a reception area with a covered entry on 1.67 acres.
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 SF office building on 1.67 acres in Sebring; Reception area with a covered entry; Layout includes offices, garage, and living quarters
