Industrial Office and Production
For Sale
$1,550,000
3250 Dundee Rd Winter, Winter Haven, FL 33884
Well-maintained cinder block and brick facility with office amenities, production space, and dock-high loading for flexible industrial users.
Property Size7,341 SF
Lot Size1.00 Acre
Price / SF$211.14
Days on Market59
Property Features for 3250 Dundee Rd Winter
General Information
Standard status
Active
Size
7,341 SF
Class
C
Total Parking Spaces
20
Lot size
1.00 Acre
Property subtype
Multi Tenant Office
Site & Location
Traffic Count
19,000 vehicles/day
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
12 ft
Dock-High Doors
1
Drive-In Doors
1
Heavy Power
Yes
Additional Details
Business Included
Yes
Building Details
Building Size
7,341 SF
Year Built
2013
Tenancy
Single
Listing Agency:
Crosby & Associates
(863) 293-5600
Listed By:
Chip Fortenberry, MBA, ALC
(863) 293-5600
Source:
Thebrokerlist
Added: Jun 11
Changed: Aug 8
Last Checked: Aug 8 at 7:52AM
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 Crosby & Associates
Investment Insights
Based on property information with market context.
This income-producing industrial facility combines office and production space within a durable cinder block and brick main building. The interior is designed to support day-to-day operations, including three private offices, a conference room, a server room, and a break room, along with separate men’s and women’s restrooms. The remaining area is dedicated to printing operations. Building systems include six central air conditioning units and the property is served by three-phase electric service through TECO, with city water and sewer, plus telephone and internet. Ceiling heights are reported at 10 and 12 feet. Operational access includes an 8-foot-wide by 7-foot-tall drive-up door and a 10-foot-wide by 12-foot-tall dock-high loading door. Additional site storage includes an 800-square-foot block storage building and a 400-square-foot storage shed.
The property is located on Dundee Road in Winter Haven and is situated on approximately 1 acre. Public remarks cite estimated traffic of 19,000 vehicles per day and highlight strong visibility for the facility. Parking is offered with 20 designated spaces, with additional parking available in the rear. The roof replacement is noted as approximately four years ago.
For tenants and owner-users, the mix of office support space and production floor area can fit a variety of commercial operations that need reliable utilities, controlled climate, and loading flexibility via both dock-high and drive-up access. Current occupancy by a printing company provides an opportunity to evaluate the property with existing income, while future owner-users may consider the space upon lease expiration; contact the listing agent for current lease terms and additional details.
The property is located on Dundee Road in Winter Haven and is situated on approximately 1 acre. Public remarks cite estimated traffic of 19,000 vehicles per day and highlight strong visibility for the facility. Parking is offered with 20 designated spaces, with additional parking available in the rear. The roof replacement is noted as approximately four years ago.
For tenants and owner-users, the mix of office support space and production floor area can fit a variety of commercial operations that need reliable utilities, controlled climate, and loading flexibility via both dock-high and drive-up access. Current occupancy by a printing company provides an opportunity to evaluate the property with existing income, while future owner-users may consider the space upon lease expiration; contact the listing agent for current lease terms and additional details.
Key Highlights
- 2013‑built, well‑maintained cinder block and brick commercial building on 1 acre at 3250 Dundee Road, Winter Haven, FL
- Main building includes approx. 7,341 SF of office and production space and is currently leased to a printing company
- Interior features include 3 private offices, conference room, server room, break room, and separate men’s and women’s restrooms
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
$90,184
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
5.82%
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%
$1,803,680
$1.8M
Cap Rate 7%
$1,288,343
$1.3M
Cap Rate 9%
$1,002,044
$1.0M
Market Conditions
NOI Build-Up for 7,341 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
$154.2K $21.00/SF
− Vacancy
−$33.9K −$4.62/SF
EGI
$120.2K $16.38/SF
− OpEx
−$30.1K −$4.10/SF
NOI
$90.2K $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%
$1,803,680
Cap Rate 7%
$1,288,343
Cap Rate 9%
$1,002,044
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.50M
NOI $90,184 @ 7.0% cap · market cap 5.82%
Second Best
Flex RnD
$564.4K
$493.9K – $658.5K
NOI $39,509 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,487 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
1
Dock-high doors
1
Drive-in doors
19,000 VPD
Traffic count
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Heavy power
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33884, FL
34,772
Population
15,876
Households
2.2
Avg Household Size
48
Median Age
29%
College-Educated
92%
High-School Grad
24.9 sq mi
ZIP Area
1,396
Density / Sq Mi
$70,516
Median Household Income
$41,660
Median Earnings
$1,523
Median Rent
$269,400
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained cinder block and brick facility with office amenities, production space, and dock-high loading for flexible industrial users.
Where is this flex space located?
The property is located at 3250 Dundee Rd Winter Winter Haven, FL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 2013‑built, well‑maintained cinder block and brick commercial building on 1 acre at 3250 Dundee Road, Winter Haven, FL; Main building includes approx. 7,341 SF of office and production space and is currently leased to a printing company; Interior features include 3 private offices, conference room, server room, break room, and separate men’s and women’s restrooms
