Flex Space with Loading
For Sale
$3,000,000
4230 US 27 Highway, Sebring, FL 33870
COMMERCIAL - Sebring, FL
Property Size21,168 SF
Lot Size1.54 Acres
Price / SF$141.72
Days on Market533
Property Features for 4230 US 27 Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Interior features
Cable TV Available, Ceiling Fans, Telephone
Directions
From US Hwy 27 and Hammock Rd, travel North on US Hwy 27 make a right turn at Northwoods Blvd and left on Frontage Road. The store is on the right hand side.
Standard status
Active
APN
S-14-34-28-040-0000-04A0
Size
21,168 SF
Lot size
1.54 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
NORTHWOOD SUB PB 13 PG 70 LOTS 4A + 5A
Tax Annual Amount
19420
Legal Description
NORTHWOOD SUB PB 13 PG 70 LOTS 4A + 5A
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Amenities
loading dock
Building Details
Year built
2004
Floors in Building
1
Flooring type
Concrete, Carpet
Building materials
Metal
Roof type
Metal
Architectural style
Other
Listing Agency:
BHHS Florida Properties Group · Berkshire Hathaway HomeServices
(863) 402-5701
Listed By:
William Struck
(863) 368-1852
Added: Mar 10, 2025
Changed: Aug 4
Last Checked: Aug 24 at 5:06AM
MLS# 313017
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.
Flex space offering a mix of functioning retail, warehouse, and storage areas totaling 21,168 square feet (described as over 21,000 square feet). The property sits on 1.54 acres and includes a loading dock. The retail and warehouse portion comprises 16,568 square feet.
A back building includes five retail leasable units, each described as 25 x 40. Three of the five units are currently leased, providing incremental upside. The building is constructed with metal materials and features a metal roof. Heating is electric (heating) with central heating, and cooling is provided via central air with electric operation.
Located on the main artery of Highlands County on US 27, the property is positioned in a high-traffic area with excellent visibility, with a DOT traffic count of 33,000. Public utilities include public sewer. Interior amenities listed include cable TV available, ceiling fans, and telephone.
A back building includes five retail leasable units, each described as 25 x 40. Three of the five units are currently leased, providing incremental upside. The building is constructed with metal materials and features a metal roof. Heating is electric (heating) with central heating, and cooling is provided via central air with electric operation.
Located on the main artery of Highlands County on US 27, the property is positioned in a high-traffic area with excellent visibility, with a DOT traffic count of 33,000. Public utilities include public sewer. Interior amenities listed include cable TV available, ceiling fans, and telephone.
Key Highlights
- 21,168 SF flex space with retail, warehouse, and storage areas (also described as over 21,000 SF)
- 1.54‑acre site with loading dock
- Retail and warehouse portion totals 16,568 SF
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
$198,926
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
6.63%
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%
$3,978,520
$4.0M
Cap Rate 7%
$2,841,800
$2.8M
Cap Rate 9%
$2,210,289
$2.2M
Market Conditions
NOI Build-Up for 21,168 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
$317.5K $15.00/SF
− Vacancy
−$33.3K −$1.58/SF
EGI
$284.2K $13.43/SF
− OpEx
−$85.3K −$4.03/SF
NOI
$198.9K $9.40/SF
Area
Highlands County, FL
Vacancy
10.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$3,978,520
Cap Rate 7%
$2,841,800
Cap Rate 9%
$2,210,289
Alternative Uses
Best Use
Retail
$2.84M
$2.49M – $3.32M
NOI $198,926 @ 7.0% cap · market cap 6.63%
Second Best
Warehouse
$2.00M
$1.75M – $2.33M
NOI $139,774 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$4.40M
$3.85M – $5.14M
NOI $308,274 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
33,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
11
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - C1 zoned flex space with retail and warehouse/storage areas, loading dock, and electric HVAC on a high-traffic US 27 corridor.
Where is this flex space located?
The property is located at 4230 US 27 Highway Sebring, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 21,168 SF flex space with retail, warehouse, and storage areas (also described as over 21,000 SF); 1.54‑acre site with loading dock; Retail and warehouse portion totals 16,568 SF
