High-Exposure Retail Space
For Sale
$1,500,000
32379 BROADWAY St, Sebring, FL 33870
9,100 SF retail space in high-traffic commercial corridor.
Property Size9,575 SF
Lot Size0.92 Acres
Price / SF$164.84
Days on Market151
Property Features for 32379 BROADWAY St
General Information
Standard status
Active
Size
9,575 SF
Lot size
0.92 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$153,112
Building Details
Building Size
9,575 SF
Year Built
1977
Stories
1
Listing Agency:
Advantage Realty
(863) 381-4932
Listed By:
Gregory Karlson · License #3050844
(863) 381-4932
Source:
Elliman
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 8 at 2:17PM
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
Investment Insights
Based on property information with market context.
This property offers approximately 9,100 SF of retail space with excellent exposure along US HWY 27. Remodeled in 2008, the buildings offer modern functionality and solid construction. The property features high parapets suitable for prominent signage, a clear-span, high-ceiling showroom, and a large rear warehouse. A dedicated median turn-in allows easy access from both northbound and southbound traffic. The property is positioned directly across from Olive Garden and Chipotle, and near Shelby Crossing Shopping Center, surrounded by national retailers such as Home Depot, Walmart, and Lowe’s. The versatile layout includes three separate entrances, providing flexibility for multiple tenants or distinct business operations. The space features prominent signage opportunities, with high parapets and a spacious, open showroom with high ceilings. The rear 3,000 SF warehouse delivers storage capacity and is enhanced by a securely fenced open yard area suitable for equipment, inventory, or vehicle storage. The property is located in one of the area’s fastest-growing commercial corridors. Seller will also consider a long-term lease at $16 per sq/ft should the current tenant choose not to renew.
Key Highlights
- High‑traffic location on US HWY 27 with dedicated median turn‑in for easy access.
- Approximately 9,100 SF of premium retail space suitable for various business operations.
- Prominent signage opportunities with high parapets.
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
$85,517
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
5.70%
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%
$1,710,340
$1.7M
Cap Rate 7%
$1,221,671
$1.2M
Cap Rate 9%
$950,189
$950.2K
Market Conditions
NOI Build-Up for 9,100 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
$136.5K $15.00/SF
− Vacancy
−$14.3K −$1.58/SF
EGI
$122.2K $13.43/SF
− OpEx
−$36.7K −$4.03/SF
NOI
$85.5K $9.40/SF
Area
Highlands County, FL
Vacancy
10.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,710,340
Cap Rate 7%
$1,221,671
Cap Rate 9%
$950,189
Alternative Uses
Best Use
Retail
$1.22M
$1.07M – $1.43M
NOI $85,517 @ 7.0% cap · market cap 5.70%
Second Best
Warehouse
$858.4K
$751.1K – $1.00M
NOI $60,088 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$1.89M
$1.66M – $2.21M
NOI $132,525 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
437
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 9,100 SF retail space in high-traffic commercial corridor.
Where is this retail space located?
The property is located at 32379 BROADWAY St Sebring, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: High‑traffic location on US HWY 27 with dedicated median turn‑in for easy access.; Approximately 9,100 SF of premium retail space suitable for various business operations.; Prominent signage opportunities with high parapets.
