Building Details

Year Built 1958

Listing Agency: Advantage Realty 1 Show Phone

Listed By: Gregory S Karlson · License #3229372 Show Phone

Source: Lehmannflorida

Added: Aug 1 Changed: Oct 13 Last Checked: Oct 12 at 7:09PM

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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 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.

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 / Yr

$81,290

Cap Rate

8.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,625,800 $1.6M

Cap Rate 7%

$1,161,286 $1.2M

Cap Rate 9%

$903,222 $903.2K

Market Conditions

NOI Build-Up for 13,611 SF

Gross rent

$122.5K $9.00/SF

− Vacancy

−$6.4K −$0.47/SF

EGI

$116.1K $8.53/SF

− OpEx

−$34.8K −$2.56/SF

NOI

$81.3K $5.97/SF

Area

Highlands County, FL

Vacancy

5.20%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,625,800

Cap Rate 7%

$1,161,286

Cap Rate 9%

$903,222

Alternative Uses

Best Use

Office B

$1.98M

$1.73M – $2.31M (±1% cap)

NOI $138,546 @ 7.0% cap · market cap 14.58%

Second Best

Warehouse

$1.28M

$1.12M – $1.50M (±1% cap)

NOI $89,874 @ 7.0% cap · market cap 9.46%

Theoretical Best

Office A

$2.83M

$2.48M – $3.30M (±1% cap)

NOI $198,220 @ 7.0% cap · market cap 20.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store Catering Service Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

447

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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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 Boulevard Sebring, FL.

What is the asking price?

The asking price for this property is $950,000.

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