Flex Space with Four Bay
For Sale
$625,000
4200 Kenilworth Boulevard, Sebring, FL 33870
Commercial building combines office, work, storage, and a fenced equipment area.
Property Size3,000 SF
Lot Size0.50 Acres
Price / SF$208.33
Days on Market10
Property Features for 4200 Kenilworth Boulevard
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.50 Acres
Property subtype
Business Opportunity
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Year Built
1983
Buildings
1
Building Size
3,000 SF
Listing Agency:
Keller Williams Realty Fort Myers and the Islands
(863) 381-1870
Listed By:
Drew Bishop · License #ABISHO
Source:
Flheritagegroup
Added: Aug 16
Changed: Aug 17
Last Checked: Aug 25 at 5:33AM
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 Keller Williams Realty Fort Myers and the Islands
Investment Insights
Based on property information with market context.
This 3,000-square-foot flex property was built in 1983 and occupies a half-acre corner lot. The building includes a front office, broad work area, dedicated storage, and four bay doors. A new standing seam metal roof is among the recent physical improvements.
The site is positioned on Kenilworth Boulevard in Sebring, with public parking along the front and a fenced outdoor area for trucks, trailers, or equipment. The property is also located minutes from Sebring International Raceway. Its combination of interior work and storage areas, bay access, and outdoor parking supports contractor, repair, warehouse, workshop, service, and equipment-storage operations.
The site is positioned on Kenilworth Boulevard in Sebring, with public parking along the front and a fenced outdoor area for trucks, trailers, or equipment. The property is also located minutes from Sebring International Raceway. Its combination of interior work and storage areas, bay access, and outdoor parking supports contractor, repair, warehouse, workshop, service, and equipment-storage operations.
Key Highlights
- 3,000‑square‑foot flex property on a half‑acre corner lot
- Four bay doors serve the work and storage areas
- New standing seam metal roof
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
$19,809
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
3.17%
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%
$396,180
$396.2K
Cap Rate 7%
$282,986
$283.0K
Cap Rate 9%
$220,100
$220.1K
Market Conditions
NOI Build-Up for 3,000 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
$24.5K $8.16/SF
− Vacancy
−$1.2K −$0.39/SF
EGI
$23.3K $7.77/SF
− OpEx
−$3.5K −$1.17/SF
NOI
$19.8K $6.60/SF
Area
Highlands County, FL
Vacancy
4.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
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%
$396,180
Cap Rate 7%
$282,986
Cap Rate 9%
$220,100
Alternative Uses
Best Use
Warehouse
$283.0K
$247.6K – $330.2K
NOI $19,809 @ 7.0% cap · market cap 3.17%
Second Best
Flex RnD
$282.3K
$247.0K – $329.4K
NOI $19,763 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$624.1K
$546.1K – $728.2K
NOI $43,690 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Balanced
Demand for This Use
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?
Flex space - Commercial building combines office, work, storage, and a fenced equipment area.
Where is this flex space located?
The property is located at 4200 Kenilworth Boulevard Sebring, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 3,000‑square‑foot flex property on a half‑acre corner lot; Four bay doors serve the work and storage areas; New standing seam metal roof
