Medical Office with Expansion
399 AVENUE K SE, Winter Haven, FL 33880
For Sale
$750,000
A professional interior previously used for dental care can support a range of healthcare-related businesses.
Property Size2,226 SF
Price / SF$336.93
Days on Market69
Property Features for 399 AVENUE K SE
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Medical Specialty
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
CROSBY & ASSOCIATES, INC.
Listed By:
Lorena Alvarez Cordero · License FL SL3480328
(863) 293-5600
Source:
Nobskarealestate
Added: Sep 2
Changed: Nov 9
Last Checked: Nov 8 at 7:39PM
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 CROSBY & ASSOCIATES, INC.
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Investment Insights
Based on property information with market context.
This 2,226-square-foot medical office, built in 1959, has a professional interior and previously housed a dental practice. The space can accommodate healthcare-related businesses, and additional buildout could increase its area.
The property occupies the corner of Avenue K SE and 4th Street SE in Winter Haven. Avenue K carries approximately 7,600 vehicles per day.
The property occupies the corner of Avenue K SE and 4th Street SE in Winter Haven. Avenue K carries approximately 7,600 vehicles per day.
Key Highlights
- 2,226‑square‑foot medical office
- Previously used for a dental practice
- Additional buildout can expand the existing space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,796
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,920
$615.9K
Cap Rate 7%
$439,943
$439.9K
Cap Rate 9%
$342,178
$342.2K
Market Conditions
NOI Build-Up for 2,226 SF
Gross rent
$48.9K $21.96/SF
− Vacancy
−$7.8K −$3.51/SF
EGI
$41.1K $18.45/SF
− OpEx
−$10.3K −$4.61/SF
NOI
$30.8K $13.83/SF
Area
Polk County, FL
Vacancy
16.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,920
Cap Rate 7%
$439,943
Cap Rate 9%
$342,178
Alternative Uses
Best Use
Office B
$439.9K
$385.0K – $513.3K
NOI $30,796 @ 7.0% cap · market cap 4.11%
Second Best
Healthcare Medical
$426.2K
$373.0K – $497.3K
NOI $29,836 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$568.4K
$497.3K – $663.1K
NOI $39,787 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
907
Businesses Nearby
Under-served
Demand for This Use
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
$200,900
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Polk County, FL
Properties on Market for Medical Office Space in Polk County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A professional interior previously used for dental care can support a range of healthcare-related businesses.
Where is this medical office space located?
The property is located at 399 AVENUE K SE Winter Haven, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,226‑square‑foot medical office; Previously used for a dental practice; Additional buildout can expand the existing space
