Property profile

4040 U S Highway 27 S Sebring, FL 33870

FOR SALE
Drive through restaurants
Property ID
US18-3518115
3,987 SF 0.46 ac lot Built 1999
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

The property comprises an owner-user restaurant real estate site totaling approximately 5.35 acres along US-27 in Sebring, Florida, including four contiguous parcels under unified ownership. The anchor improvement is a freestanding diner of approximately 4,155 square feet constructed in 1999 and historically operated as a restaurant for more than 25 years. Parcel 1 covers approximately 1.14 acres and contains the operating restaurant. Parcel 2 comprises an adjoining approximately 0.46-acre paved parking area with approximately 10,180 square feet of asphalt. Parcel 3 is a vacant approximately 0.35-acre pad site. Parcel 4 is an approximately 3.52-acre rear development tract that is suited for a range of commercial and mixed-use applications, including QSR and drive-through development (including potential drive-through conversion subject to approvals), car wash, self-storage, financial or medical uses, hospitality, multifamily residential, or neighborhood retail; it also supports multiple development approaches such as outparcel/pad site creation, multi-tenant strip center development, and phased mixed-use redevelopment. The site provides highway visibility and convenient vehicular access, with ingress/egress to support commercial development.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1999
Construction STEEL FRAME
Total area 3,987 SF
Lot 0.46 ac (20,000 SF)
Zoning code C1
APN S-04-35-29-040-0010-0050
UPID US18-3518115

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Medical Clinic Physician
  • Physician
  • Alternative Medicine Practice
  • Restaurant

Location

4040 U S Highway 27 S Sebring, FL 33870
Sebring metro Census 961202 SEBRING, FL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
$635k
Blend (final) Blend
$505k

Owner & transaction history

since 2017
3 recorded transactions
2017
$1.0M
2006
$1.5M
1969
Price N/A

Zoning & alternative use

C1 · Sebring, FL
Zoning description

The purpose of this district is offices, including medical, dental, legal, scientific, engineering, fine arts and literary offices

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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