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    Multi-Use Retail Building with Offices Title is generated by Realmo AI

    4837 MARTIN LUTHER KING DRIVE, Bowling Green, FL 33834

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    Pending
    $299,999

    Retail - BOWLING GREEN, FL

    Type:Retail
    Property size:
    3,400 SF
    Lot size:
    0.70 Acres
    Added:
    Aug 3, 2025
    Days on Market:
    305
    Last Refresh:
    Jun 3 at 3:06 am

    Property Features for 4837 MARTIN LUTHER KING DRIVE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    C-1
    Appliances
    Refrigerator
    Standard status
    Pending
    APN
    05 33 25 0090 0000I 0012
    Size
    3,400 SF
    Lot size
    0.70 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    4900

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1995
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Buffy Barrott
    Buffy Barrott

    Listing agent Buffy Barrott License #3226324

    Listing office RESIDENTIAL MATCHMAKERS LLC 4853 S Orange Ave, Ste B, Edgewood, FL

    Listing date Aug 3, 2025

    MLS# O6332419 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 0.70‑acre commercial lot (30,666 SF) zoned C‑1 (General Retail Commercial) in Bowling Green, FL
    • Single‑level building with 4,300+ SF under roof and 3,400 SF heated space; block stucco construction
    • Central HVAC with central air; shingle roof; includes a refrigerator, plus a 3‑door display refrigerator and walk‑in cooler
    • Layout features 5 bathrooms and 3 dedicated office spaces
    • Over 6,400 SF paved area for customer and staff parking
    • Flood Zone X (not in high‑risk flood areas); former address 4837 Dixiana Dr

    Overview

    This well-maintained, single-level commercial building is designed for flexibility, with 3 dedicated office spaces and 5 bathrooms. Heated interior space is 3,400 square feet, and the property includes over 4,300 square feet under roof. The facility has been used over time for a variety of community and retail concepts, including a daycare center, speech therapy clinic, church, game room, hair salon, retail clothing store, and setup suitable for a laundromat. Commercial fixtures such as a 3-door display refrigerator and a walk-in cooler remain in place, supporting uses that benefit from refrigerated storage or merchandising.

    The property is zoned C-1 (General Retail Commercial) and sits on a 0.70-acre lot with over 6,400 square feet of paved area for customer and staff parking. Central A/C and block stucco construction are in place. The location is in the established Mt. Zion subdivision and is listed as Flood Zone X.

    With its proven history as a convenience store for 32 continuous years and its adaptable layout, the building may suit investors seeking income potential or business owners and community organizations looking for a multi-purpose site within a retail-commercial zoning district. Back-up offers are being accepted, and interested parties are encouraged to schedule a private tour to confirm how the existing configuration can support their specific concept.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Bowling Green
    County
    Hardee
    State
    Florida
    Longitude
    -81.830199
    Latitude
    27.640869

    Nearby Similar for Sale

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    • $325,000
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      Highway Frontage Commercial Building

      850 SF building on 0.70 acres with highway frontage.
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    FAQs

    What type of property is this?
    Grocery and convenience store - Single-story C-1 building offers flexible interior spaces, central A/C, and paved parking for a range of commercial uses.
    Where is this grocery and convenience store located?
    The property is located at 4837 MARTIN LUTHER KING DRIVE Bowling Green, FL.
    What is the asking price?
    The asking price for this property is $299,999.
    What are key features of this property?
    This property features: 0.70‑acre commercial lot (30,666 SF) zoned C‑1 (General Retail Commercial) in Bowling Green, FL; Single‑level building with 4,300+ SF under roof and 3,400 SF heated space; block stucco construction; Central HVAC with central air; shingle roof; includes a refrigerator, plus a 3‑door display refrigerator and walk‑in cooler
    (321) 332-4503
    We can help!
    Listing Contact
    Buffy Barrott
    Buffy Barrott
    Real Estate License ID: 3226324
    Learn More
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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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    4837 MARTIN LUTHER KING DRIVE, BOWLING GREEN, FL 33834
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