Remodeled Office
New
For Sale
$359,900
334 1ST ST S WINTER HAVEN FL, Winter Haven, FL 33880
Commercial Sale, WINTER HAVEN, FL
Property Size1,184 SF
Lot Size0.13 Acres
Price / SF$303.97
Days on Market6
Property Features for 334 1ST ST S WINTER HAVEN FL
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Driveway
View
City
Directions
Take 540 Cypress Gardens Blvd to 1st Street South and turn North to Property.
Standard status
Active
APN
26-28-28-609500-000100
Size
1,184 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
3299
Utilities
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1926
Flooring type
Laminate
Building materials
Masonite
Roof type
Asphalt
Listing Agency:
Hut Team Realty LLC
(844) 504-4844
Listed By:
Daniel Hut · License #3417570
(844) 504-4844
Added: Aug 20
Changed: Aug 25
Last Checked: Aug 25 at 3:06PM
MLS# 11941661
Copyright © 2026 My State MLS. 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 1,184-square-foot office building, constructed in 1926, has been extensively updated for professional occupancy. The layout includes six private office suites, a reception and work area, and one ADA-compliant bathroom. Improvements include laminate flooring, energy-efficient windows, new interior and exterior paint, an updated restroom, and a front accessibility ramp. The property also has Masonite construction, an asphalt roof, electric heating, and public water service.
Set within Downtown Winter Haven’s business district, the building fronts a city street with opportunities for business signage. Rear parking accommodates approximately 5–8 vehicles, depending on configuration. The property is in Flood Zone X and is located minutes from government offices, restaurants, shopping, and the Downtown Winter Haven corridor.
Set within Downtown Winter Haven’s business district, the building fronts a city street with opportunities for business signage. Rear parking accommodates approximately 5–8 vehicles, depending on configuration. The property is in Flood Zone X and is located minutes from government offices, restaurants, shopping, and the Downtown Winter Haven corridor.
Key Highlights
- 1,184‑square‑foot office building on 0.13 acres
- Six private office suites with reception and work area
- Updated ADA‑compliant bathroom and front accessibility ramp
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
$14,545
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
4.04%
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%
$290,900
$290.9K
Cap Rate 7%
$207,786
$207.8K
Cap Rate 9%
$161,611
$161.6K
Market Conditions
NOI Build-Up for 1,184 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
$24.9K $21.00/SF
− Vacancy
−$5.5K −$4.62/SF
EGI
$19.4K $16.38/SF
− OpEx
−$4.8K −$4.10/SF
NOI
$14.5K $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%
$290,900
Cap Rate 7%
$207,786
Cap Rate 9%
$161,611
Alternative Uses
Best Use
Office B
$207.8K
$181.8K – $242.4K
NOI $14,545 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$284.5K
$249.0K – $332.0K
NOI $19,917 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,786
Businesses Nearby
Explore this area
Business Placement
Demographics for 33880, FL
42,005
Population
17,055
Households
2.5
Avg Household Size
38
Median Age
17%
College-Educated
84%
High-School Grad
32.4 sq mi
ZIP Area
1,296
Density / Sq Mi
$56,803
Median Household Income
$35,051
Median Earnings
$1,128
Median Rent
$200,900
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 building - Updated professional office property with private suites, ADA access, and rear vehicle parking.
Where is this office building located?
The property is located at 334 1ST ST S WINTER HAVEN FL Winter Haven, FL.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: 1,184‑square‑foot office building on 0.13 acres; Six private office suites with reception and work area; Updated ADA‑compliant bathroom and front accessibility ramp
