Small Office/Storefront in
For Sale
Contact for pricing
403 N Church Ave, Mulberry, FL
900 SF office/storefront on 0.33 AC lot.
Property Size900 SF
Lot Size0.33 Acres
Price / SF$242.11
Days on Market780
Property Features for 403 N Church Ave
General Information
Standard status
Active
Size
900 SF
Lot size
0.33 Acres
Property subtype
OFFICE
Listing Agency:
Steinbauer Associates
(305) 629-9740
Listed By:
Jim Steinbauer · License #0447461
(863) 647-1661
Source:
Moodyscre
Added: Sep 9, 2024
Changed: Oct 26
Last Checked: Oct 28 at 5:10AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features a small office or storefront located on North Church Avenue (SR 37 North) in Mulberry. The building offers 900 square feet of space and is situated on a 0.33-acre lot.
Key Highlights
- Frontage on N. Church Ave (SR 37 N)
- Located in the heart of Mulberry
- 900 sq ft office/store space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,057
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,140
$221.1K
Cap Rate 7%
$157,957
$158.0K
Cap Rate 9%
$122,856
$122.9K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$18.9K $21.00/SF
− Vacancy
−$4.2K −$4.62/SF
EGI
$14.7K $16.38/SF
− OpEx
−$3.7K −$4.10/SF
NOI
$11.1K $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 Rate 5%
$221,140
Cap Rate 7%
$157,957
Cap Rate 9%
$122,856
Alternative Uses
Best Use
Office B
$158.0K
$138.2K – $184.3K
NOI $11,057 @ 7.0% cap · market cap 5.07%
Second Best
Retail
$144.4K
$126.3K – $168.5K
NOI $10,107 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$216.3K
$189.2K – $252.3K
NOI $15,139 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - 900 SF office/storefront on 0.33 AC lot.
Where is this office unit located?
The property is located at 403 N Church Ave Mulberry, FL.
What is the asking price?
The asking price for this property is $217,900.
What are key features of this property?
This property features: Frontage on N. Church Ave (SR 37 N); Located in the heart of Mulberry; 900 sq ft office/store space
