Flex Space With
For Sale
$1,250,000
2920 Kenilworth Boulevard A, Sebring, FL 33870
Versatile commercial facility with finished offices, reinforced concrete improvements, and multiple accessory buildings in downtown Sebring.
Property Size13,611 SF
Price / SF$91.84
Days on Market82
Property Features for 2920 Kenilworth Boulevard A
General Information
Standard status
Active
Size
13,611 SF
Warehouse & Industrial
Clear Height
20 ft
Office Build-Out
2,000 SF
Drive-In Doors
6
Building Details
Year Built
1958
Buildings
3
Listing Agency:
Advantage Realty #1
Listed By:
Gregory S Karlson · License #3229372
(863) 381-4932
Source:
Thepennteam
Added: Aug 8
Changed: Oct 25
Last Checked: Oct 7 at 4:35PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex-space property includes a 13,000-square-foot warehouse facility with approximately 2,000 square feet of finished office and showroom area. The improvements feature six 12-by-12-foot ground-level roll-up doors, reinforced concrete infrastructure, and two additional buildings. The property was built in 1958 and offers a combination of warehouse, office, showroom, and industrial building space.
Located in downtown Sebring, the site is somewhat bikeable with a bikeScore of 47 and car-dependent with a walkScore of 39. The additional industrial buildings measure approximately 75 by 60 feet and 160 by 40 feet, providing further enclosed space for the property’s commercial operations. A seller leaseback for one year at a 7.5% cap rate may be available to a buyer, subject to the seller’s stated terms.
Located in downtown Sebring, the site is somewhat bikeable with a bikeScore of 47 and car-dependent with a walkScore of 39. The additional industrial buildings measure approximately 75 by 60 feet and 160 by 40 feet, providing further enclosed space for the property’s commercial operations. A seller leaseback for one year at a 7.5% cap rate may be available to a buyer, subject to the seller’s stated terms.
Key Highlights
- 13,000‑square‑foot flex‑space warehouse facility
- Approximately 2,000 square feet of finished office and showroom space
- Six 12‑by‑12‑foot ground‑level roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,874
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
20 ft
Clear height
6
Drive-in doors
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial facility with finished offices, reinforced concrete improvements, and multiple accessory buildings in downtown Sebring.
Where is this flex space located?
The property is located at 2920 Kenilworth Boulevard A 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: 13,000‑square‑foot flex‑space warehouse facility; Approximately 2,000 square feet of finished office and showroom space; Six 12‑by‑12‑foot ground‑level roll‑up doors
