Flex Industrial Property With
For Sale
$1,250,000
2914 Kenilworth Boulevard, Sebring, FL 33870
Commercial, Single Story, Sebring, FL
Property Size13,611 SF
Lot Size0.87 Acres
Price / SF$91.84
Days on Market182
Property Features for 2914 Kenilworth Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Security features
Security System
Interior features
Garage Door(s), Private Restrooms, Public Restrooms
Directions
US 27 North - Right on Lakeview Drive toward Downtown Sebring - Right on Kenilworth Blvd to address on left
Standard status
Active
APN
S-29-34-29-010-088C-0240
Size
13,611 SF
Lot size
0.87 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
KENILWORTH PARK PER PB 2-PG 63 LOTS 23,24,25 + N 60 FT OF LOTS 26 + 27 BLK 88C
Tax Annual Amount
13619
Legal Description
KENILWORTH PARK PER PB 2-PG 63 LOTS 23,24,25 + N 60 FT OF LOTS 26 + 27 BLK 88C
Utilities
Sewer type
Public Sewer
Cooling system
Electric, Central Air
Building Details
Year built
2006
Floors in Building
1
Flooring type
Concrete, Tile
Building materials
Concrete Block, Frame, Metal
Roof type
Metal
Architectural style
Other
Listing Agency:
ADVANTAGE REALTY #1
(863) 386-0303
Listed By:
Jeffrey Scott Wagner
(863) 214-0444
Added: Feb 27
Changed: Aug 19
Last Checked: Aug 28 at 6:06AM
MLS# 322635
Copyright © 2026 Heartland Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex space property combines a substantial warehouse operation with administrative and showroom improvements. The main facility includes approximately 13,000 square feet, finished showroom and reception areas, five private upstairs offices, shared kitchen space, restrooms, and a 12' x 36' loft. Six 12' x 12' ground-level roll-up doors and an additional 10-foot rear bay door support loading and equipment movement. Three-phase power outlets and air lines are installed throughout multiple warehouse areas, while reinforced concrete infrastructure, storm drains, and perimeter fencing serve the site.
The 0.87-acre property also includes two additional commercial buildings. One provides reception, a day room, office areas, storage, restroom facilities, and dedicated parking. The building at 2924 Kenilworth Boulevard includes a front area, private office, utility room, bathroom, assigned parking, and plumbing remaining from its former five-station salon configuration. Located in downtown Sebring and zoned C1, the property supports warehouse, manufacturing, contractor, office, retail, and flex industrial uses identified in the listing.
The 0.87-acre property also includes two additional commercial buildings. One provides reception, a day room, office areas, storage, restroom facilities, and dedicated parking. The building at 2924 Kenilworth Boulevard includes a front area, private office, utility room, bathroom, assigned parking, and plumbing remaining from its former five-station salon configuration. Located in downtown Sebring and zoned C1, the property supports warehouse, manufacturing, contractor, office, retail, and flex industrial uses identified in the listing.
Key Highlights
- Approximately 13,000‑square‑foot warehouse facility with finished showroom and reception areas
- Six 12' x 12' ground‑level roll‑up doors plus an additional 10‑foot rear bay door
- Five private upstairs offices, shared kitchen, restrooms, and a 12' x 36' loft
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
$89,874
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
7.19%
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%
$1,797,480
$1.8M
Cap Rate 7%
$1,283,914
$1.3M
Cap Rate 9%
$998,600
$998.6K
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
$111.1K $8.16/SF
− Vacancy
−$5.3K −$0.39/SF
EGI
$105.7K $7.77/SF
− OpEx
−$15.9K −$1.17/SF
NOI
$89.9K $6.60/SF
Area
Highlands County, FL
Vacancy
4.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
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%
$1,797,480
Cap Rate 7%
$1,283,914
Cap Rate 9%
$998,600
Alternative Uses
Best Use
Office B
$1.98M
$1.73M – $2.31M
NOI $138,546 @ 7.0% cap · market cap 11.08%
Second Best
Warehouse
$1.28M
$1.12M – $1.50M
NOI $89,874 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$2.83M
$2.48M – $3.30M
NOI $198,220 @ 7.0% cap · market cap 15.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
7
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Concrete-block and metal improvements combine warehouse, office, reception, and customer-facing space on a fenced commercial site.
Where is this flex space located?
The property is located at 2914 Kenilworth Boulevard Sebring, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 13,000‑square‑foot warehouse facility with finished showroom and reception areas; Six 12' x 12' ground‑level roll‑up doors plus an additional 10‑foot rear bay door; Five private upstairs offices, shared kitchen, restrooms, and a 12' x 36' loft
