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    Income Producing Commercial Building Title is generated by Realmo AI

    4409 Sun N Lake Boulevard, Sebring, FL 33872

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    For Sale
    $1,364,500

    COMMERCIAL - Sebring, FL

    Property size:
    7,615 SF
    Lot size:
    0.45 Acres
    Price / SF:
    $179/SF
    Added:
    Jan 27, 2025
    Days on Market:
    487
    Last Refresh:
    May 29 at 10:06 am

    Property Features for 4409 Sun N Lake Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    B2
    Standard status
    Active
    APN
    C-04-34-28-020-0300-0030
    Size
    7,615 SF
    Lot size
    0.45 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    SUN N LAKE EST OF SEBRING UNIT 2 PB 9-PG 48 LOTS 3 + 4 BLK 30
    Tax Annual Amount
    11063

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1995
    Roof type
    Metal

    We can help!

    Listing Contact
    C Boring III

    Listing agent C Boring III

    Listing office RE/MAX REALTY PLUS 809 US 27 S, Sebring, FL

    Listing date Jan 27, 2025

    MLS# 312065

    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.

    HighLights

    • Income‑producing commercial building with two leased spaces
    • High visibility location on Sun N Lake Blvd near Hwy 27 and Advent Health
    • Over 7,800 square feet under air
    • Ample parking for employees and clients
    • Metal roof
    • Built in 1995 with central electric heating and cooling

    Overview

    This income-producing commercial building is located on Sun N Lake Boulevard, just off Hwy 27 and across from Advent Health. The property features a building with just over 7,800 square feet under air, divided into two separate spaces, both of which currently have leases in place. Situated on a 0.45-acre lot, the property offers high visibility with signage to attract incoming traffic, along with ample parking for employees and clients. The building contains 7,615 square feet. This property is located in Sebring, FL 33872, Highlands County. The zoning is B2. This property is a great addition to an investment portfolio for an expanding market.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $114.2k $15.00
    − Vacancy −$12.0k −$1.58
    EGI $102.2k $13.43
    − OpEx −$30.7k −$4.03
    NOI $71.6k $9.40
    7,615 SF · lease $15.00/SF/yr · vacancy 10.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.02M
    $894.5K – $1.19M (±1% cap)
    NOI $71,562 @ 7.0% cap · market cap 5.24%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.58M
    $1.39M – $1.85M (±1% cap)
    NOI $110,899 @ 7.0% cap · market cap 8.13%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Heartland Infusion Center Medical Clinic IVE CREATIVE NAIL ... Nail Salon Michael D. Watson, ... Physician Havalee Henry, MD Physician Havalee Henry, MD, ... Physician

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sebring
    County
    Highlands
    State
    Florida
    Longitude
    -81.509353
    Latitude
    27.535858

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    FAQs

    What type of property is this?
    Retail space - Commercial building with two spaces, leases in place, high visibility.
    Where is this retail space located?
    The property is located at 4409 Sun N Lake Boulevard Sebring, FL.
    What is the asking price?
    The asking price for this property is $1,364,500.
    What are key features of this property?
    This property features: Income‑producing commercial building with two leased spaces; High visibility location on Sun N Lake Blvd near Hwy 27 and Advent Health; Over 7,800 square feet under air
    (863) 385-0077
    We can help!
    Listing Contact
    C Boring III
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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