Two-Unit Office
For Sale
$2,575,000
395 S Central Ave, Bartow, FL 33830
Built in 2000, this 18,160 SF office building includes two versatile units and is zoned C-1.
Property Size18,160 SF
Price / SF$141.80
Days on Market74
Property Features for 395 S Central Ave
General Information
Standard status
Active
Size
18,160 SF
Class
C
Property subtype
Office
Zoning
C-1
Building Details
Building Size
18,160 SF
Year Built
2002
Listing Agency:
Steinbauer Associates Inc
Listed By:
Kyle Vreeland · License #BK3233818
(863) 608-1231
Source:
Steinbauer
Added: Jun 25
Changed: Sep 4
Last Checked: Sep 5 at 7:21AM
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 Steinbauer Associates Inc
Investment Insights
Based on property information with market context.
A well-maintained office building built in 2000 offering a total of 18,160 SF across two units. The property is configured to provide separate spaces within one modern building, suited for tenants seeking flexible office or commercial use.
Located at 395 S Central Ave in Bartow, Florida, the building is positioned for visibility within the C-1 zoning district, which supports a range of commercial uses as determined by local regulations.
This two-unit layout offers practical flexibility for an owner seeking an office building with multiple spaces under one roof.
Located at 395 S Central Ave in Bartow, Florida, the building is positioned for visibility within the C-1 zoning district, which supports a range of commercial uses as determined by local regulations.
This two-unit layout offers practical flexibility for an owner seeking an office building with multiple spaces under one roof.
Key Highlights
- 18,160 SF modern office/commercial building in the Bartow area
- Built in 2000
- Includes 2 versatile units
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
$223,096
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
8.66%
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%
$4,461,920
$4.5M
Cap Rate 7%
$3,187,086
$3.2M
Cap Rate 9%
$2,478,844
$2.5M
Market Conditions
NOI Build-Up for 18,160 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
$381.4K $21.00/SF
− Vacancy
−$83.9K −$4.62/SF
EGI
$297.5K $16.38/SF
− OpEx
−$74.4K −$4.10/SF
NOI
$223.1K $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%
$4,461,920
Cap Rate 7%
$3,187,086
Cap Rate 9%
$2,478,844
Alternative Uses
Best Use
Office B
$3.19M
$2.79M – $3.72M
NOI $223,096 @ 7.0% cap · market cap 8.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.36M
$3.82M – $5.09M
NOI $305,480 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
Explore this area
Business Placement
Demographics for 33830, FL
29,926
Population
11,989
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
120.5 sq mi
ZIP Area
248
Density / Sq Mi
$62,636
Median Household Income
$37,078
Median Earnings
$1,017
Median Rent
$207,900
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 units - Built in 2000, this 18,160 SF office building includes two versatile units and is zoned C-1.
Where is this office units located?
The property is located at 395 S Central Ave Bartow, FL.
What is the asking price?
The asking price for this property is $2,575,000.
What are key features of this property?
This property features: 18,160 SF modern office/commercial building in the Bartow area; Built in 2000; Includes 2 versatile units
