Two-Story Flex
New
For Sale
$425,000
4640 SOUTHSIDE Boulevard, Sebring, FL 33870
Commercial, Two Story, Sebring, FL
Property Size3,320 SF
Lot Size0.67 Acres
Price / SF$128.01
Days on Market4
Property Features for 4640 SOUTHSIDE Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B3PD
Interior features
Cable TV Available
Exterior features
Aluminum Siding, Shed/Workshop
Directions
From US Hwy 27 S and Hammock Rd, travel South on US Hwy, turn left on Southside Blvd, property will be on the left.
Standard status
Active
APN
C-09-35-29-070-0000-0030
Size
3,320 SF
Lot size
0.67 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SOUTHSIDE BUSINESS PARK PB 16 PG 33 LOT 2 + LOT 3
Tax Annual Amount
2566
Legal Description
SOUTHSIDE BUSINESS PARK PB 16 PG 33 LOT 2 + LOT 3
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Amenities
executive offices
reception space
conference room
private bathroom
breakroom
detached storage with A/C
Building Details
Year built
1994
Floors in Building
2
Flooring type
Carpet, Concrete
Building materials
Metal, Metal Frame
Roof type
Metal
Architectural style
Other
Additional Structures
Workshop
Listing Agency:
RE/MAX REALTY PLUS · RE/MAX International
(863) 385-0077
Listed By:
C Boring III
(863) 381-1298
Added: Sep 29
Last Checked: Oct 2 at 3:06AM
MLS# 328366
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 3,320-square-foot flex property has two stories and sits on approximately 0.67 acres across two parcels. The warehouse area features concrete flooring and a bay door sized for heavy vehicle entry. Five offices, a reception area, a conference room, a private bathroom, and a breakroom provide additional workspace. A separate detached storage building has A/C.
The adjacent parcel at 4600 Southside Blvd. is included in the sale. The property is zoned B3PD; confirm intended uses with the county.
The adjacent parcel at 4600 Southside Blvd. is included in the sale. The property is zoned B3PD; confirm intended uses with the county.
Key Highlights
- 3,320 square feet of flex space on approximately 0.67 acres
- Two parcels included, including the adjacent parcel at 4600 Southside Blvd.
- Warehouse bay door accommodates heavy vehicle entry; concrete flooring
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
$21,922
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
5.16%
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%
$438,440
$438.4K
Cap Rate 7%
$313,171
$313.2K
Cap Rate 9%
$243,578
$243.6K
Market Conditions
NOI Build-Up for 3,320 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
$27.1K $8.16/SF
− Vacancy
−$1.3K −$0.39/SF
EGI
$25.8K $7.77/SF
− OpEx
−$3.9K −$1.17/SF
NOI
$21.9K $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%
$438,440
Cap Rate 7%
$313,171
Cap Rate 9%
$243,578
Alternative Uses
Best Use
Warehouse
$313.2K
$274.0K – $365.4K
NOI $21,922 @ 7.0% cap · market cap 5.16%
Second Best
Flex RnD
$312.4K
$273.4K – $364.5K
NOI $21,871 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$690.7K
$604.4K – $805.8K
NOI $48,350 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Well-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Five offices, a vehicle-entry bay, and detached storage with A/C provide a mix of workspace and utility areas.
Where is this flex space located?
The property is located at 4640 SOUTHSIDE Boulevard Sebring, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 3,320 square feet of flex space on approximately 0.67 acres; Two parcels included, including the adjacent parcel at 4600 Southside Blvd.; Warehouse bay door accommodates heavy vehicle entry; concrete flooring
