Retail Showroom with Rear
For Sale
$1,500,000
32379 Broadway Street SEBRING, Sebring, FL 33870
Remodeled retail showroom with clear-span space and rear warehouse plus fenced yard for storage and equipment.
Property Size9,575 SF
Price / SF$156.66
Days on Market48
Property Features for 32379 Broadway Street SEBRING
General Information
Standard status
Active
Size
9,575 SF
Zoning
B3
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$153,112
Amenities
1
true
Public
40000
200 x 200
0.92
false
Asphalt,Paved
Slab
Access Road,Divided Highway
9575
3
Public Maintained Road
Building Details
Building Size
9,575 SF
Year Built
1977
Year Renovated
2008
Buildings
3
Stories
1
Listing Agency:
(904) 569-5862
Listed By:
Maureen McGinnes
(904) 569-5862
Source:
Movetojacksonville
Added: Jun 30
Changed: Aug 14
Last Checked: Aug 16 at 3:11AM
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 Maureen McGinnes
Investment Insights
Based on property information with market context.
This remodeled retail property includes a high-ceiling, clear-span showroom designed for merchandising, along with a large rear warehouse for storage. High parapets support prominent signage, and the layout is configured for practical operations with three separate entrances that can accommodate a single tenant or multiple distinct uses. The property also includes a securely fenced open yard area suitable for equipment, inventory, or vehicle storage.
The site is positioned along a high-traffic corridor with an identified dedicated median turn-in for access from both northbound and southbound traffic. It is directly across from Olive Garden and Chipotle, and near Shelby Crossing Shopping Center. The surrounding area includes national and well-known retailers such as Home Depot, Walmart, and Lowe’s, with additional franchise businesses in the vicinity.
With retail-oriented showroom space, on-site warehouse capacity, and exterior storage options, this configuration can fit users that need both a customer-facing floor and practical back-of-house storage. The multiple entrances and signage-friendly parapets may also be attractive for operators seeking flexibility in how they present and manage their operations at one address.
The site is positioned along a high-traffic corridor with an identified dedicated median turn-in for access from both northbound and southbound traffic. It is directly across from Olive Garden and Chipotle, and near Shelby Crossing Shopping Center. The surrounding area includes national and well-known retailers such as Home Depot, Walmart, and Lowe’s, with additional franchise businesses in the vicinity.
With retail-oriented showroom space, on-site warehouse capacity, and exterior storage options, this configuration can fit users that need both a customer-facing floor and practical back-of-house storage. The multiple entrances and signage-friendly parapets may also be attractive for operators seeking flexibility in how they present and manage their operations at one address.
Key Highlights
- Total building size: 9,575 SF across 3 buildings on a 0.92‑acre (200 x 200) lot
- Remodeled in 2008 with 1‑story construction and HVAC (air conditioning) available
- Retail showroom features clear‑span, high‑ceiling layout and prominent signage potential 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
$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
Flex RnD
$901.1K
$788.5K – $1.05M
NOI $63,076 @ 7.0% cap · market cap 4.21%
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
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Under-served
Demand for This Use
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?
Flex space - Remodeled retail showroom with clear-span space and rear warehouse plus fenced yard for storage and equipment.
Where is this flex space located?
The property is located at 32379 Broadway Street SEBRING 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: Total building size: 9,575 SF across 3 buildings on a 0.92‑acre (200 x 200) lot; Remodeled in 2008 with 1‑story construction and HVAC (air conditioning) available; Retail showroom features clear‑span, high‑ceiling layout and prominent signage potential with high parapets
