Retail Unit in Condominium Office
For Sale
$249,900
33 Ryant Blvd, Sebring, FL 33870
Condominium-style building retail unit with three offices, currently operating a long-established retail printing business.
Property Size1,298 SF
Price / SF$192.53
Days on Market606
Property Features for 33 Ryant Blvd
General Information
Standard status
Active
Size
1,298 SF
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,727
Amenities
3
1307
US Highway.
Building Details
Year Built
2000
Listing Agency:
Advantage Realty #1
(863) 386-0303
Listed By:
Gregory Karlson · License #F10542710
(863) 386-1111
Source:
Xome
Added: Jan 7, 2025
Changed: Sep 4
Last Checked: Sep 4 at 4:32AM
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 #1
Investment Insights
Based on property information with market context.
This sale includes a commercial retail unit with approximately 1,298 square feet and three offices just off US HWY 27. The unit is part of a condominium-style office building that includes 11 other office suites with multiple owners. The space is currently operating a retail printing business that has been established for 40+ years, and the business has generated $50k+-net income over the last 5+ years per the provided remarks.
According to the seller’s public remarks, the printing business conveys with the real estate at no extra cost, and the sale is for the real estate. The property is located in Sebring, FL, across from Lake Jackson, within a mixed medical/professional context described in the remarks.
According to the seller’s public remarks, the printing business conveys with the real estate at no extra cost, and the sale is for the real estate. The property is located in Sebring, FL, across from Lake Jackson, within a mixed medical/professional context described in the remarks.
Key Highlights
- Commercial retail unit totals 1,298 SF in a condominium‑style office building built in 2000
- Currently operating long‑established retail printing business; business income reported at $50k+ net over the past 5+ years
- Unit includes 3 offices and a guest facility count listed as 3
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
$13,212
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
5.29%
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%
$264,240
$264.2K
Cap Rate 7%
$188,743
$188.7K
Cap Rate 9%
$146,800
$146.8K
Market Conditions
NOI Build-Up for 1,298 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
$22.6K $17.40/SF
− Vacancy
−$5.0K −$3.83/SF
EGI
$17.6K $13.57/SF
− OpEx
−$4.4K −$3.39/SF
NOI
$13.2K $10.18/SF
Area
Highlands County, FL
Vacancy
22.00%
Lease Rate
$17.40 /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%
$264,240
Cap Rate 7%
$188,743
Cap Rate 9%
$146,800
Alternative Uses
Best Use
Office B
$188.7K
$165.2K – $220.2K
NOI $13,212 @ 7.0% cap · market cap 5.29%
Second Best
Retail
$174.3K
$152.5K – $203.3K
NOI $12,198 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$270.0K
$236.3K – $315.1K
NOI $18,903 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
432
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Condominium-style building retail unit with three offices, currently operating a long-established retail printing business.
Where is this office units located?
The property is located at 33 Ryant Blvd Sebring, FL.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Commercial retail unit totals 1,298 SF in a condominium‑style office building built in 2000; Currently operating long‑established retail printing business; business income reported at $50k+ net over the past 5+ years; Unit includes 3 offices and a guest facility count listed as 3
