Flex Space With Warehouse
New
For Sale
$975,000
2914-a Kenilworth Blvd, Sebring, FL 33870
Combined industrial, office, and showroom areas support a range of commercial operations and storage needs.
Property Size13,611 SF
Days on Market5
Property Features for 2914-a Kenilworth Blvd
General Information
Standard status
Active
Size
13,611 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$13,619
Building Details
Building Size
13,611 SF
Year Built
1958
Stories
1
Listing Agency:
Advantage Realty
(863) 381-4932
Listed By:
Gregory Karlson · License #3229372
(863) 381-4932
Source:
Elliman
Added: Aug 8
Changed: Aug 10
Last Checked: Aug 11 at 7:58AM
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
Investment Insights
Based on property information with market context.
This flex property combines approximately 13,000 square feet of industrial and warehouse area with a finished 2,000-square-foot office and showroom component. Multiple warehouse buildings provide varied interior configurations, including one approximately 75' x 60' structure with 22' ceiling height and another approximately 160' x 40' building with 17' ceiling height. The layout accommodates warehouse, office, showroom, equipment, fabrication, vehicle storage, and specialty storage functions as described in the property information.
Built in 1958, the property is located at 2914-A Kenilworth Blvd in Sebring, near downtown. The surrounding location has a Walk Score of 39 and a Bike Score of 47.
Built in 1958, the property is located at 2914-A Kenilworth Blvd in Sebring, near downtown. The surrounding location has a Walk Score of 39 and a Bike Score of 47.
Key Highlights
- Approximately 13,000± square feet of industrial and warehouse space
- Finished 2,000± square foot office/showroom area
- Approximately 75' x 60' building with 22' ceiling height
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
$89,663
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
9.20%
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%
$1,793,260
$1.8M
Cap Rate 7%
$1,280,900
$1.3M
Cap Rate 9%
$996,256
$996.3K
Market Conditions
NOI Build-Up for 13,611 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
$150.3K $11.04/SF
− Vacancy
−$12.3K −$0.91/SF
EGI
$137.9K $10.13/SF
− OpEx
−$48.3K −$3.55/SF
NOI
$89.7K $6.59/SF
Area
Highlands County, FL
Vacancy
8.20%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
35.00%
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%
$1,793,260
Cap Rate 7%
$1,280,900
Cap Rate 9%
$996,256
Alternative Uses
Best Use
Office B
$1.98M
$1.73M – $2.31M
NOI $138,546 @ 7.0% cap · market cap 14.21%
Second Best
Retail
$1.83M
$1.60M – $2.13M
NOI $127,909 @ 7.0% cap · market cap 13.12%
Theoretical Best
Office A
$2.83M
$2.48M – $3.30M
NOI $198,220 @ 7.0% cap · market cap 20.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
481
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
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Frequently Asked Questions
What type of property is this?
Flex space - Combined industrial, office, and showroom areas support a range of commercial operations and storage needs.
Where is this flex space located?
The property is located at 2914-a Kenilworth Blvd Sebring, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Approximately 13,000± square feet of industrial and warehouse space; Finished 2,000± square foot office/showroom area; Approximately 75' x 60' building with 22' ceiling height
