Updated Single-Story Office
New
For Sale
$219,000
335 S COMMERCE Avenue, Sebring, FL 33870
Commercial, Single Story, Sebring, FL
Property Size1,132 SF
Lot Size0.17 Acres
Price / SF$193.46
Days on Market1
Property Features for 335 S COMMERCE Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Interior features
Cable TV Available, Partially Furnished, Private Restrooms, Telephone
Exterior features
Concrete, Hand Rails, Ramp
Accessibility
Accessible Approach with Ramp
Directions
From US Hwy 27 S and Hammock Rd, travel S on US Hwy 27, left on Lakeview Drive, continue to downtown circle, make a right, first right onto S Commerce, and property will be on the right.
Standard status
Active
APN
S-29-34-29-070-0730-0070
Size
1,132 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TOWN OF SEBRING 8 TH ADD PB 1-PG 3 LOT 7 BLK 73
Tax Annual Amount
3419
Legal Description
TOWN OF SEBRING 8 TH ADD PB 1-PG 3 LOT 7 BLK 73
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Zoned, Ductless, Central Air, Electric
Amenities
kitchen break room
concrete access ramp
perimeter sidewalks
Building Details
Year built
1953
Floors in Building
1
Flooring type
Laminate, Tile, Hardwood
Building materials
Concrete Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX REALTY PLUS · RE/MAX International
(863) 385-0077
Listed By:
C Boring III
(863) 385-0077
Added: Aug 28
Last Checked: Aug 28 at 8:06PM
MLS# 327551
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 1,132-square-foot office property occupies a 0.17-acre parcel and was built in 1953. Recent work includes electrical upgrades completed in 2023, new energy-efficient windows, mini-split air-conditioning systems, upgraded doors, fresh interior paint, renewed flooring, an updated restroom, and an improved kitchen break room. The building also provides private restrooms, telephone service, and a concrete-block structure with laminate, tile, and hardwood flooring.
A concrete access ramp with handrails and perimeter sidewalks improve entry, while a rear driveway and expanded parking area support on-site access. The property is positioned across from the Highlands County Courthouse, the City of Sebring Annex, and other Highlands County government offices. It is served by City of Sebring municipal water and public sewer and carries C1 zoning. The layout and downtown civic-complex setting support office and other commercial business uses identified in the property information.
A concrete access ramp with handrails and perimeter sidewalks improve entry, while a rear driveway and expanded parking area support on-site access. The property is positioned across from the Highlands County Courthouse, the City of Sebring Annex, and other Highlands County government offices. It is served by City of Sebring municipal water and public sewer and carries C1 zoning. The layout and downtown civic-complex setting support office and other commercial business uses identified in the property information.
Key Highlights
- 1,132‑square‑foot office building on a 0.17‑acre parcel
- C1 zoning with City of Sebring municipal water and public sewer
- Electrical system updates completed in 2023
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
$11,523
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
5.26%
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%
$230,460
$230.5K
Cap Rate 7%
$164,614
$164.6K
Cap Rate 9%
$128,033
$128.0K
Market Conditions
NOI Build-Up for 1,132 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
$19.7K $17.40/SF
− Vacancy
−$4.3K −$3.83/SF
EGI
$15.4K $13.57/SF
− OpEx
−$3.8K −$3.39/SF
NOI
$11.5K $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%
$230,460
Cap Rate 7%
$164,614
Cap Rate 9%
$128,033
Alternative Uses
Best Use
Office B
$164.6K
$144.0K – $192.1K
NOI $11,523 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$235.5K
$206.1K – $274.8K
NOI $16,486 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
951
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - C1-zoned office property with renovated interiors, accessible entry improvements, and municipal water and sewer service.
Where is this office units located?
The property is located at 335 S COMMERCE Avenue Sebring, FL.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: 1,132‑square‑foot office building on a 0.17‑acre parcel; C1 zoning with City of Sebring municipal water and public sewer; Electrical system updates completed in 2023
