CBD Office
For Sale
$200,000
309 CENTER Street, Auburndale, FL 33823
Commercial Sale, AUBURNDALE, FL
Property Size792 SF
Lot Size0.15 Acres
Price / SF$252.53
Days on Market185
Property Features for 309 CENTER Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CBD
Subdivision
IRIS SUB
Directions
HWY 92 to Main Street to Center Street and make a right .
Standard status
Active
APN
25-28-11-335700-000070
Size
792 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
IRIS SUB PB 43 PG 44 LOT 7
Tax Annual Amount
1024
Legal Description
IRIS SUB PB 43 PG 44 LOT 7
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Building materials
Block
Roof type
Shingle
Listing Agency:
ALLSTATE REALTY SERVICES
(863) 965-0207
Listed By:
Rosalia Abreu · License #3316800
(954) 854-3694
Added: Mar 9
Changed: Sep 9
Last Checked: Sep 9 at 6:06AM
MLS# P4938005
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 792-square-foot office unit occupies a 0.15-acre site and includes two bedrooms, one bathroom, central heating, and central air conditioning. Built in 1960, the block construction is complemented by a shingle roof and public water and sewer connections. CBD zoning adds a defined commercial framework for evaluating the property’s future use.
The property is situated in downtown Auburndale near Downtown Auburndale City Park, with restaurants, cafes, and shops in the surrounding area. Its location places the office space within the city’s established downtown setting and near community-oriented amenities.
The property is situated in downtown Auburndale near Downtown Auburndale City Park, with restaurants, cafes, and shops in the surrounding area. Its location places the office space within the city’s established downtown setting and near community-oriented amenities.
Key Highlights
- 792‑square‑foot office unit on a 0.15‑acre site
- CBD zoning designation
- Two‑bedroom, one‑bathroom layout
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
$9,730
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
4.87%
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%
$194,600
$194.6K
Cap Rate 7%
$139,000
$139.0K
Cap Rate 9%
$108,111
$108.1K
Market Conditions
NOI Build-Up for 792 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
$16.6K $21.00/SF
− Vacancy
−$3.7K −$4.62/SF
EGI
$13.0K $16.38/SF
− OpEx
−$3.2K −$4.10/SF
NOI
$9.7K $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%
$194,600
Cap Rate 7%
$139,000
Cap Rate 9%
$108,111
Alternative Uses
Best Use
Office B
$139.0K
$121.6K – $162.2K
NOI $9,730 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$190.3K
$166.5K – $222.1K
NOI $13,323 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
801
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Compact commercial space with a two-bedroom layout, central HVAC, and public water and sewer service.
Where is this office units located?
The property is located at 309 CENTER Street Auburndale, FL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 792‑square‑foot office unit on a 0.15‑acre site; CBD zoning designation; Two‑bedroom, one‑bathroom layout
