Two-Story Live-Work
For Sale
$395,000
308 W BRIDGERS Avenue, Auburndale, FL 33823
Commercial Sale, AUBURNDALE, FL
Property Size1,857 SF
Lot Size0.12 Acres
Price / SF$212.71
Days on Market94
Property Features for 308 W BRIDGERS Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
LI
Subdivision
AUBURNDALE
Directions
From the Polk Parkway exit US 92 East towards Auburndale, Go to Main Street and turn Left, Then at Bridgers turn right. The property will be on the north side of Bridgers Avenue
Standard status
Active
APN
25-28-11-331500-030027
Size
1,857 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
AUBURNDALE PB 1 PG 26 S10 T28 R25 & S11 T28 R25 BLK D2 LOT 2 BEG 124 FT W OF SE COR RUN W 72.5 FT N 40 FT NE 102 FT S 117.5 FT TO BEG
Tax Annual Amount
3979
Legal Description
AUBURNDALE PB 1 PG 26 S10 T28 R25 & S11 T28 R25 BLK D2 LOT 2 BEG 124 FT W OF SE COR RUN W 72.5 FT N 40 FT NE 102 FT S 117.5 FT TO BEG
Utilities
Cooling system
Central Air
Amenities
quartz countertops
modern appliances
in-unit laundry
walk-in storage
balcony access
open-concept living spaces
Building Details
Year built
2023
Building materials
Frame
Listing Agency:
CENTURY 21 MYERS REALTY · Century 21 Real Estate
(863) 875-5656
Listed By:
Thomas Myers · License #3443410
(760) 484-1560
Added: May 25
Changed: Aug 24
Last Checked: Aug 26 at 2:06PM
MLS# L4962181
Copyright © 2026 Stellar MLS. 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 two-story live-work property in Auburndale combines residential quarters with dedicated workspace. The 1,857-square-foot layout includes 1,075 square feet on the lower level and 782 square feet upstairs, along with a 220-square-foot unfinished porch under roof. Interior features include quartz countertops, modern appliances, in-unit laundry, walk-in storage, balcony access, and open-concept areas. The downstairs configuration includes a kitchen and office space, while the upper level provides living quarters.
The property occupies an approximately 5,200-square-foot lot at 308 W Bridgers Avenue in historic Auburndale, with access to downtown amenities, shopping, dining, schools, parks, and transportation routes connecting Tampa and Orlando. Frame construction, central air, LI zoning, and a 2023 year built further define the property.
The property occupies an approximately 5,200-square-foot lot at 308 W Bridgers Avenue in historic Auburndale, with access to downtown amenities, shopping, dining, schools, parks, and transportation routes connecting Tampa and Orlando. Frame construction, central air, LI zoning, and a 2023 year built further define the property.
Key Highlights
- 1,857 square feet of heated space with 1,075 square feet downstairs and 782 square feet upstairs
- Approximately 5,200‑square‑foot lot at 308 W Bridgers Avenue, Auburndale, FL 33823
- 220‑square‑foot unfinished porch area under roof
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
$22,813
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
5.78%
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%
$456,260
$456.3K
Cap Rate 7%
$325,900
$325.9K
Cap Rate 9%
$253,478
$253.5K
Market Conditions
NOI Build-Up for 1,857 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
$39.0K $21.00/SF
− Vacancy
−$8.6K −$4.62/SF
EGI
$30.4K $16.38/SF
− OpEx
−$7.6K −$4.10/SF
NOI
$22.8K $12.29/SF
Area
Polk County, FL
Vacancy
22.00%
Lease Rate
$21.00 /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%
$456,260
Cap Rate 7%
$325,900
Cap Rate 9%
$253,478
Alternative Uses
Best Use
Office B
$325.9K
$285.2K – $380.2K
NOI $22,813 @ 7.0% cap · market cap 5.78%
Second Best
Mixed Use
$298.7K
$261.4K – $348.5K
NOI $20,912 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$446.3K
$390.5K – $520.6K
NOI $31,238 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
Explore this area
Business Placement
Demographics for 33823, FL
33,733
Population
15,383
Households
2.2
Avg Household Size
42
Median Age
17%
College-Educated
86%
High-School Grad
34.9 sq mi
ZIP Area
967
Density / Sq Mi
$64,248
Median Household Income
$39,187
Median Earnings
$1,068
Median Rent
$234,300
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?
Live-work space - Flexible commercial property combining upstairs living quarters with a downstairs kitchen and office arrangement.
Where is this live-work space located?
The property is located at 308 W BRIDGERS Avenue Auburndale, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 1,857 square feet of heated space with 1,075 square feet downstairs and 782 square feet upstairs; Approximately 5,200‑square‑foot lot at 308 W Bridgers Avenue, Auburndale, FL 33823; 220‑square‑foot unfinished porch area under roof
