Freestanding Office Unit with
For Sale
$199,900
3000 Kenilworth Boulevard, Sebring, FL 33870
COMMERCIAL - Sebring, FL
Property Size1,080 SF
Lot Size0.25 Acres
Price / SF$185.09
Days on Market239
Property Features for 3000 Kenilworth Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Directions
From US 27 & Hammock rd, head south on US-27 S/US-98 S, Turn left onto Sebring Dr, Continue straight onto Lakeview Dr, Turn right onto Airport Rd/Kenilworth, subject property on the left.
Standard status
Active
APN
S-29-34-29-010-088C-0210
Size
1,080 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
KENILWORTH PARK PER PB 2-PG 63 LOT 21 BLK 88C
Tax Annual Amount
2239
Legal Description
KENILWORTH PARK PER PB 2-PG 63 LOT 21 BLK 88C
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Amenities
kitchen area
private full bath
Building Details
Year built
1950
Floors in Building
1
Flooring type
Laminate
Building materials
Concrete Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
ADVANTAGE REALTY #1
(863) 386-0303
Listed By:
Yezmin V. Restrepo · License #3418359
(214) 797-4439
Added: Dec 15, 2025
Changed: Aug 4
Last Checked: Aug 11 at 10:06PM
MLS# 320154
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 freestanding office unit offers a practical interior layout with a kitchen area and a private full bath. The building is constructed with concrete block and features laminate flooring, central electric heating, and central air conditioning with electric cooling. The property is currently clean and vacant, and served by public sewer, with a shingle roof.
Set on a deep C1-zoned lot of 0.25 acres, the building provides five on-site parking spaces. It is located in downtown Sebring and is described as minutes from US 27, Sebring High School, and Sebring Circle.
Built in 1950, the space is sized for a range of office-focused uses and can also fit certain business needs where a compact, self-contained setup is helpful.
Set on a deep C1-zoned lot of 0.25 acres, the building provides five on-site parking spaces. It is located in downtown Sebring and is described as minutes from US 27, Sebring High School, and Sebring Circle.
Built in 1950, the space is sized for a range of office-focused uses and can also fit certain business needs where a compact, self-contained setup is helpful.
Key Highlights
- 0.25‑acre deep lot with C1 zoning
- 1,080 SF freestanding office unit built in 1950
- Kitchen area plus private full bath
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
$10,993
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
5.50%
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%
$219,860
$219.9K
Cap Rate 7%
$157,043
$157.0K
Cap Rate 9%
$122,144
$122.1K
Market Conditions
NOI Build-Up for 1,080 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
$18.8K $17.40/SF
− Vacancy
−$4.1K −$3.83/SF
EGI
$14.7K $13.57/SF
− OpEx
−$3.7K −$3.39/SF
NOI
$11.0K $10.18/SF
Area
Highlands County, FL
Vacancy
22.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
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%
$219,860
Cap Rate 7%
$157,043
Cap Rate 9%
$122,144
Alternative Uses
Best Use
Office B
$157.0K
$137.4K – $183.2K
NOI $10,993 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$224.7K
$196.6K – $262.1K
NOI $15,728 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - C1-zoned freestanding office unit with kitchen area and private full bath, built in 1950 on a 0.25-acre lot.
Where is this office units located?
The property is located at 3000 Kenilworth Boulevard Sebring, FL.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 0.25‑acre deep lot with C1 zoning; 1,080 SF freestanding office unit built in 1950; Kitchen area plus private full bath
