Three-Office Commercial
For Sale
$235,000
351 S Commerce Avenue, Sebring, FL 33870
Commercial, Single Story, Sebring, FL
Property Size1,350 SF
Lot Size0.17 Acres
Price / SF$174.07
Days on Market462
Property Features for 351 S Commerce Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Interior features
Cable TV Available, Private Restrooms
Directions
From US Hwy 27 and Hammock Rd, travel S on US 27 to left on Lakeview, at next light left on Lakeview continue straight until Circle Park Drive, turn right, make first right onto S Commerce Ave, destination will be on the right.
Standard status
Active
APN
S-29-34-29-070-0730-0050
Size
1,350 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TOWN OF SEBRING 8TH ADD PB 1-PG 3 LOT 5 BLK 73
Tax Annual Amount
2247
Legal Description
TOWN OF SEBRING 8TH ADD PB 1-PG 3 LOT 5 BLK 73
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Amenities
private restroom
kitchen
storage space
Building Details
Year built
1952
Floors in Building
1
Flooring type
Vinyl
Building materials
Concrete Block
Roof type
Metal
Architectural style
Other
Listing Agency:
RE/MAX REALTY PLUS · RE/MAX International
(863) 385-0077
Listed By:
C Boring III
(863) 385-0077
Added: May 23, 2025
Changed: Aug 19
Last Checked: Aug 27 at 5:06PM
MLS# 315418
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 office building offers a practical layout with three offices plus a private restroom and a kitchen, along with a large back space for storage. Interior features include private restrooms and cable TV availability, with vinyl flooring throughout. Heating is electric with central setup, and cooling is electric central air. The building is constructed with concrete block and features a metal roof.
Set on a 0.17-acre lot at 351 S Commerce Avenue in Sebring, the property is positioned downtown near the Courthouse and Highlands County Clerk of Court. Ample parking is available in both the front and rear for clients and employees. Public sewer service is provided.
Built in 1952, this is well suited for professional office use and small service or retail operations that need both customer parking and flexible back-of-house storage space.
Set on a 0.17-acre lot at 351 S Commerce Avenue in Sebring, the property is positioned downtown near the Courthouse and Highlands County Clerk of Court. Ample parking is available in both the front and rear for clients and employees. Public sewer service is provided.
Built in 1952, this is well suited for professional office use and small service or retail operations that need both customer parking and flexible back-of-house storage space.
Key Highlights
- Three offices plus private restroom, kitchen, and large back storage area
- C1 zoning
- 0.17‑acre lot with ample front and rear parking
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
$13,742
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
5.85%
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%
$274,840
$274.8K
Cap Rate 7%
$196,314
$196.3K
Cap Rate 9%
$152,689
$152.7K
Market Conditions
NOI Build-Up for 1,350 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
$23.5K $17.40/SF
− Vacancy
−$5.2K −$3.83/SF
EGI
$18.3K $13.57/SF
− OpEx
−$4.6K −$3.39/SF
NOI
$13.7K $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%
$274,840
Cap Rate 7%
$196,314
Cap Rate 9%
$152,689
Alternative Uses
Best Use
Office B
$196.3K
$171.8K – $229.0K
NOI $13,742 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$280.9K
$245.8K – $327.7K
NOI $19,660 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
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 building - C1-zoned concrete block building with three offices, private restroom, kitchen, and ample front and rear parking.
Where is this office building located?
The property is located at 351 S Commerce Avenue Sebring, FL.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Three offices plus private restroom, kitchen, and large back storage area; C1 zoning; 0.17‑acre lot with ample front and rear parking
