Retail Buildings with Rear
For Sale
$1,500,000
32379 Broadway Street, Sebring, FL 33870
Commercial, Single Story, Sebring, FL
Property Size9,100 SF
Lot Size0.92 Acres
Price / SF$156.66
Days on Market282
Property Features for 32379 Broadway Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B3
Interior features
Private Restrooms, Public Restrooms, Telephone
Exterior features
Stucco
Directions
US 27 North from Hammock Rd to bld on left across from Olive Garden
Standard status
Active
APN
S-26-34-28-020-0000-0090
Size
9,575 SF
Lot size
0.92 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
SEBRING HILLS PB 6-PG 2 LOTS 9 + 10
Tax Annual Amount
14833
Legal Description
SEBRING HILLS PB 6-PG 2 LOTS 9 + 10
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
1977
Floors in Building
1
Flooring type
Concrete
Building materials
Concrete Block
Architectural style
Other
Listing Agency:
ADVANTAGE REALTY #1
(863) 386-0303
Listed By:
Gregory Karlson · License #F10542710
(863) 381-4932
Added: Nov 19, 2025
Changed: Aug 19
Last Checked: Aug 28 at 11:06AM
MLS# 319691
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 retail space features two buildings totaling approximately 9,100 SF, with a layout designed for flexible use. The property includes a front open showroom of about 5,800+ SF with clear-span, high-ceiling space, and a rear warehouse of about 3,000 SF that offers substantial storage capacity. A securely fenced open yard area is included for equipment, inventory, or vehicle storage. The buildings were fully remodeled in 2008 and are built with concrete block and stucco exterior finishes, with concrete flooring. Interior amenities include private and public restrooms and telephone service. Heating and cooling are provided via electric central systems.
Access is supported by a dedicated median turn-in that allows entry from both northbound and southbound traffic on a high-visibility commercial corridor. The property is positioned directly across from Olive Garden and Chipotle and is near Shelby Crossing Shopping Center, surrounded by well-established national and franchise retailers.
The buildings include three separate entrances, providing options for multiple tenants or distinct business operations. High parapets support prominent signage visibility along the corridor.
Access is supported by a dedicated median turn-in that allows entry from both northbound and southbound traffic on a high-visibility commercial corridor. The property is positioned directly across from Olive Garden and Chipotle and is near Shelby Crossing Shopping Center, surrounded by well-established national and franchise retailers.
The buildings include three separate entrances, providing options for multiple tenants or distinct business operations. High parapets support prominent signage visibility along the corridor.
Key Highlights
- Approximately 9,100 SF total retail buildings with front showroom and rear warehouse
- Fully remodeled in 2008 with concrete block construction and stucco exterior
- B3 zoning with high parapets designed for prominent signage visibility
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
$89,981
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
6.00%
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%
$1,799,620
$1.8M
Cap Rate 7%
$1,285,443
$1.3M
Cap Rate 9%
$999,789
$999.8K
Market Conditions
NOI Build-Up for 9,575 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
$143.6K $15.00/SF
− Vacancy
−$15.1K −$1.58/SF
EGI
$128.5K $13.43/SF
− OpEx
−$38.6K −$4.03/SF
NOI
$90.0K $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%
$1,799,620
Cap Rate 7%
$1,285,443
Cap Rate 9%
$999,789
Alternative Uses
Best Use
Retail
$1.29M
$1.12M – $1.50M
NOI $89,981 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,443 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
11
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - B3 zoned retail buildings remodeled in 2008 with a showroom, rear warehouse, secured yard, and three entrances for flexible tenancy.
Where is this retail space located?
The property is located at 32379 Broadway Street 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: Approximately 9,100 SF total retail buildings with front showroom and rear warehouse; Fully remodeled in 2008 with concrete block construction and stucco exterior; B3 zoning with high parapets designed for prominent signage visibility
