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    Former Cinema with Highway Frontage Title is generated by Realmo AI

    3750 US 27 Highway N, Sebring, FL 33870

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    For Lease
    $9,688/Mo $7 SF/Yr (calc)

    COMMERCIAL - Sebring, FL

    Property size:
    15,000 SF
    Lot size:
    3.73 Acres
    Added:
    Nov 10, 2023
    Days on Market:
    930
    Last Refresh:
    May 28 at 4:06 pm

    Property Features for 3750 US 27 Highway N

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    C1
    Interior features
    Elevator (Freight/Pass), Handicap Facilities, Private Restrooms, Public Restrooms
    Exterior features
    Concrete, Stucco
    Accessibility
    Accessible Elevator Installed, Accessible Approach with Ramp
    Standard status
    Active
    APN
    S-14-34-28-041-0000-0010
    Size
    15,000 SF
    Lot size
    3.73 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    FAIRMOUNT CINEMA SQUARE PER OR 922 PG 451 THEATRE-1A-1C-1D-2A-2B- 3A-3C-3D-3E-3F-3G-4A-4B- 4C-4E-PLUS UPSTAIRS SUITES #1-13 INC + PORTION OF FUTURE BUILDABLE SPACE MORE PARTICULARLY DESC IN OR 1093 PG 789 SCHEDULE A -FAIRMOUNT CINEMA SQUARE-
    Tax Annual Amount
    1

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    1986
    Floors in Building
    2
    Flooring type
    Carpet
    Building materials
    Concrete Block
    Architectural style
    Other

    We can help!

    Listing Contact
    C Boring III

    Listing agent C Boring III

    Listing office RE/MAX REALTY PLUS 809 US 27 S, Sebring, FL

    Listing date Nov 10, 2023

    MLS# 299919

    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.

    HighLights

    • Prime highway frontage on US 27 with great visibility and traffic.
    • Large leaseable space of 15,000 +/- square feet.
    • Unlimited parking.
    • Owner willing to subdivide the unit.
    • Formerly a cinema with six separate theaters, lobby, and ticket counter.
    • Plaza roof replaced and paved parking area.

    Overview

    This commercial rental property, formerly the Fairmount Cinema, offers approximately 15,000 square feet of leasable space with prime highway frontage on US 27 in North Sebring, Florida. The property currently contains six separate theaters, an entrance lobby, a glass ticket counter, upstairs equipment rooms, and seating. The property benefits from high visibility and traffic flow, along with unlimited parking. The owner is willing to subdivide the unit. The plaza features a replaced roof and a paved parking area. Surveys, measurements, and seat counts are available. The property is located in Highlands County, with a zoning designation of C1. The lot size is 3.73 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sebring
    County
    Highlands
    State
    Florida
    Longitude
    -81.38
    Latitude
    27.4773

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    FAQs

    What type of property is this?
    Retail space - 15,000 SF commercial space with prime highway visibility.
    Where is this retail space located?
    The property is located at 3750 US 27 Highway N Sebring, FL.
    What is the lease rate?
    The lease rate is $9,688 /Mo.
    What are key features of this property?
    This property features: Prime highway frontage on US 27 with great visibility and traffic.; Large leaseable space of **15,000 +/- square feet**.; Unlimited parking.
    (863) 385-0077
    We can help!
    Listing Contact
    C Boring III
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    3750 US 27 Highway N, Sebring, FL 33870
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