Corner Warehouse With Fenced
New
For Sale
$175,000
328 Lime Street, Sebring, FL 33870
Commercial, Sebring, FL
Property Size1,500 SF
Lot Size0.17 Acres
Price / SF$116.67
Days on Market3
Property Features for 328 Lime Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Directions
From US 27 N in Sebring Northbound and south of Publix by Lake Jackson, take a Slight right to continue straight onto Lakeview Dr for 1.1 mi. Continue onto S Ridgewood Dr 0.2 mi. At Circle Park Dr, take the 3rd exit onto N Ridgewood Dr and Destination will be on the right.
Standard status
Active
APN
S-29-34-29-070-0340-0030
Size
1,500 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TOWN OF SEBRING-TRANS BK-PG 6 50 X 150 FT IN S 1/2 OF W 1/2 OF LOT 3 BLK 34
Tax Annual Amount
1447
Legal Description
TOWN OF SEBRING-TRANS BK-PG 6 50 X 150 FT IN S 1/2 OF W 1/2 OF LOT 3 BLK 34
Utilities
Sewer type
Public Sewer
Building Details
Year built
1946
Building materials
Concrete Block
Listing Agency:
Paradise Real Estate International LLC
(863) 272-7540
Listed By:
Kenneth Oxsalida · License #3577009
(863) 272-2396
Added: Sep 14
Last Checked: Sep 16 at 6:06AM
MLS# 327938
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 property combines a concrete-block warehouse with an adjoining vacant lot on a fenced corner parcel. The warehouse contains 1,500 square feet and was constructed in 1946. C1 zoning and public sewer serve the property, which offers a compact commercial configuration with both enclosed space and additional land.
Located at 328 Lime Street in Sebring, the site is a few blocks from Sebring Circle Park and on the same block as Faded Bistro. The corner setting provides road exposure and pedestrian activity, while the property’s central Sebring location places it within an established downtown-area context.
Located at 328 Lime Street in Sebring, the site is a few blocks from Sebring Circle Park and on the same block as Faded Bistro. The corner setting provides road exposure and pedestrian activity, while the property’s central Sebring location places it within an established downtown-area context.
Key Highlights
- 1,500‑square‑foot warehouse on a 0.17‑acre parcel
- Concrete‑block construction, built in 1946
- Adjoining vacant lot on a fenced corner property
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
$9,905
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
5.66%
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%
$198,100
$198.1K
Cap Rate 7%
$141,500
$141.5K
Cap Rate 9%
$110,056
$110.1K
Market Conditions
NOI Build-Up for 1,500 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
$12.2K $8.16/SF
− Vacancy
−$588 −$0.39/SF
EGI
$11.7K $7.77/SF
− OpEx
−$1.7K −$1.17/SF
NOI
$9.9K $6.60/SF
Area
Highlands County, FL
Vacancy
4.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
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%
$198,100
Cap Rate 7%
$141,500
Cap Rate 9%
$110,056
Alternative Uses
Best Use
Warehouse
$141.5K
$123.8K – $165.1K
NOI $9,905 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$312.1K
$273.1K – $364.1K
NOI $21,845 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
883
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Concrete-block warehouse property with an adjoining vacant lot, corner positioning, and C1 zoning near central Sebring.
Where is this warehouse located?
The property is located at 328 Lime Street Sebring, FL.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1,500‑square‑foot warehouse on a 0.17‑acre parcel; Concrete‑block construction, built in 1946; Adjoining vacant lot on a fenced corner property
