Rear Warehouse with
For Sale
$950,000
2914 Kenilworth Boulevard, Sebring, FL 33870
Rear 13,000± SF warehouse includes multiple buildings, roll-up doors, and utility features plus a finished office/showroom area.
Property Size13,186 SF
Price / SF$72.05
Days on Market91
Property Features for 2914 Kenilworth Boulevard
General Information
Standard status
Active
Size
13,186 SF
Property subtype
Business Opportunities
Taxes and HOA fees
Annual Taxes
$13,619
Amenities
3
Corner Lot.
Secured.
Corner.
Building Details
Year Built
1958
Stories
2
Listing Agency:
ADVANTAGE REALTY 1
(863) 386-1111
Listed By:
BJ Wagner · License #3229372
Source:
Xome
Added: Jun 3
Changed: Aug 25
Last Checked: Aug 31 at 2:33PM
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 offering includes the rear industrial/warehouse building with approximately 13,000± square feet. The warehouse portion consists of multiple functional structures, including an approximate 75' x 60' building with 22' ceiling height and an approximate 160' x 40' building with 17' ceiling height. Operational features include six 12' x 12' ground-level roll-up doors, an additional rear bay door, reinforced concrete areas, storm drainage, fencing, and a 12' x 36' loft for added storage or workspace.
The property also includes a finished 2,000± square foot office/showroom area with a large showroom, reception area, dedicated bathroom, five private upstairs offices, and shared kitchen and upstairs bathroom facilities. Three-phase power outlets and air lines are provided throughout the warehouse, along with two warehouse bathrooms.
Please note the sale includes only the rear 13,000± square foot warehouse/industrial building; the seller will retain the two front buildings. The buyer will be granted an access easement between the front buildings for ingress and egress to the rear warehouse, which also has frontage on Poinsettia Avenue.
The property also includes a finished 2,000± square foot office/showroom area with a large showroom, reception area, dedicated bathroom, five private upstairs offices, and shared kitchen and upstairs bathroom facilities. Three-phase power outlets and air lines are provided throughout the warehouse, along with two warehouse bathrooms.
Please note the sale includes only the rear 13,000± square foot warehouse/industrial building; the seller will retain the two front buildings. The buyer will be granted an access easement between the front buildings for ingress and egress to the rear warehouse, which also has frontage on Poinsettia Avenue.
Key Highlights
- Rear 13,000± SF industrial/warehouse building with finished office/showroom area
- Finished 2,000± SF office/showroom: large showroom, reception, bathroom, five private upstairs offices, shared kitchen, and upstairs bathroom
- Multiple warehouse buildings: approx. 75' x 60' with 22' ceiling height and approx. 160' x 40' with 17' 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
$87,068
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
9.17%
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%
$1,741,360
$1.7M
Cap Rate 7%
$1,243,829
$1.2M
Cap Rate 9%
$967,422
$967.4K
Market Conditions
NOI Build-Up for 13,186 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
$107.6K $8.16/SF
− Vacancy
−$5.2K −$0.39/SF
EGI
$102.4K $7.77/SF
− OpEx
−$15.4K −$1.17/SF
NOI
$87.1K $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%
$1,741,360
Cap Rate 7%
$1,243,829
Cap Rate 9%
$967,422
Alternative Uses
Best Use
Warehouse
$1.24M
$1.09M – $1.45M
NOI $87,068 @ 7.0% cap · market cap 9.17%
Second Best
Flex RnD
$1.24M
$1.09M – $1.45M
NOI $86,864 @ 7.0% cap · market cap 9.14%
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $192,030 @ 7.0% cap · market cap 20.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Rear 13,000± SF warehouse includes multiple buildings, roll-up doors, and utility features plus a finished office/showroom area.
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 $950,000.
What are key features of this property?
This property features: Rear 13,000± SF industrial/warehouse building with finished office/showroom area; Finished 2,000± SF office/showroom: large showroom, reception, bathroom, five private upstairs offices, shared kitchen, and upstairs bathroom; Multiple warehouse buildings: approx. 75' x 60' with 22' ceiling height and approx. 160' x 40' with 17' ceiling height
