CBD-Zoned 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 Market240
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
Additional Details
Property Use
Office
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: Nov 3
Last Checked: Nov 3 at 12:06PM
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property in downtown Auburndale contains 792 square feet, with two bedrooms and one bathroom. Built in 1960, the block structure has central heating and central air conditioning, a shingle roof, and public water and sewer service. The parcel totals 0.15 acres and carries CBD zoning.
Downtown Auburndale City Park is steps away, with local restaurants, cafes, and shops in the surrounding area.
Downtown Auburndale City Park is steps away, with local restaurants, cafes, and shops in the surrounding area.
Key Highlights
- 792‑square‑foot office property on a 0.15‑acre parcel
- CBD zoning
- Two bedrooms and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,730
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A two-bedroom, one-bath layout offers an alternative to conventional office configuration.
Where is this office building 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 property on a 0.15‑acre parcel; CBD zoning; Two bedrooms and one bathroom
