Mixed-Use Property with
For Sale
$750,000
408 N Ridgewood Drive, Sebring, FL 33870
COMMERCIAL - Sebring, FL
Property Size5,440 SF
Lot Size0.34 Acres
Price / SF$137.87
Days on Market98
Property Features for 408 N Ridgewood Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Interior features
Handicap Facilities, Private Restrooms
Exterior features
Aluminum Siding, Fenced, Stucco
Fencing
Fenced
Accessibility
Accessible Approach with Ramp
Directions
From US 27 N in Sebring Northbound and south of Publix by Lake Jackson, take a Slight right to continue straight onto Lakeview Dr for 1.1 mi. Continue onto S Ridgewood Dr 0.2 mi. At Circle Park Dr, take the 3rd exit onto N Ridgewood Dr and Destination will be on the right.
Standard status
Active
APN
S-29-34-29-070-0340-0031
Size
5,440 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TOWN OF SEBRING-TRANS BK-PG 6 50 X 150 FT IN NW COR OF LOT 3 + E 15 FT OF W 165 FT OF LOT 3 BLK 34
Tax Annual Amount
4950
Legal Description
TOWN OF SEBRING-TRANS BK-PG 6 50 X 150 FT IN NW COR OF LOT 3 + E 15 FT OF W 165 FT OF LOT 3 BLK 34
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
1979
Flooring type
Vinyl, Tile, Concrete
Building materials
Concrete Block, Metal, Steel Or Other Metal
Roof type
Metal
Listing Agency:
Paradise Real Estate International LLC
(863) 272-7540
Listed By:
Kenneth Oxsalida · License #3577009
(863) 272-2396
Added: May 11
Changed: Aug 4
Last Checked: Aug 16 at 10:06PM
MLS# 325286
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.
Investment Insights
Based on property information with market context.
This mixed-use property comprises three buildings and a fenced outdoor area on a 0.34-acre site. The primary commercial building at 408 N Ridgewood Drive contains over 3,000 square feet of air-conditioned open space, two private bathrooms, an office, storage, and a drop ceiling. A metal roof was installed in 2026. The property also includes a two-unit residential building with two separate one-bedroom, one-bath units and rear road access, plus approximately 1,500 square feet of warehouse space at 328 Lime Street.
The property is located three blocks from Downtown Sebring and adjacent to Faded Bistro. Restaurants, boutiques, breweries, community events, and the annual Sebring Christmas Parade contribute to the surrounding activity. C1 zoning, public sewer, central air, central electric heat, and fenced exterior space are also included.
The property is located three blocks from Downtown Sebring and adjacent to Faded Bistro. Restaurants, boutiques, breweries, community events, and the annual Sebring Christmas Parade contribute to the surrounding activity. C1 zoning, public sewer, central air, central electric heat, and fenced exterior space are also included.
Key Highlights
- 5,440 square feet across three buildings
- 0.34‑acre mixed‑use site with a fully fenced outdoor area
- Main commercial building offers over 3,000 square feet of air‑conditioned space
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
$49,131
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
6.55%
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%
$982,620
$982.6K
Cap Rate 7%
$701,871
$701.9K
Cap Rate 9%
$545,900
$545.9K
Market Conditions
NOI Build-Up for 5,440 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
$88.1K $16.20/SF
− Vacancy
−$9.5K −$1.75/SF
EGI
$78.6K $14.45/SF
− OpEx
−$29.5K −$5.42/SF
NOI
$49.1K $9.03/SF
Area
Highlands County, FL
Vacancy
10.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
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%
$982,620
Cap Rate 7%
$701,871
Cap Rate 9%
$545,900
Alternative Uses
Best Use
Multifamily LT 5
$701.9K
$614.2K – $818.9K
NOI $49,135 @ 7.0% cap · market cap 6.55%
Second Best
Mixed Use
$701.9K
$614.1K – $818.9K
NOI $49,131 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$1.13M
$990.3K – $1.32M
NOI $79,224 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
883
Businesses Nearby
Explore this area
Business Placement
Demographics for 33870, FL
24,238
Population
13,933
Households
1.7
Avg Household Size
51
Median Age
18%
College-Educated
84%
High-School Grad
95.3 sq mi
ZIP Area
254
Density / Sq Mi
$50,606
Median Household Income
$28,475
Median Earnings
$977
Median Rent
$154,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-building property combines commercial space, residential units, warehouse capacity, and a fenced outdoor area in downtown Sebring.
Where is this mixed-use property located?
The property is located at 408 N Ridgewood Drive Sebring, 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: 5,440 square feet across three buildings; 0.34‑acre mixed‑use site with a fully fenced outdoor area; Main commercial building offers over 3,000 square feet of air‑conditioned space
