Historic Downtown Bartow Commercial
For Sale
$475,000
510 E PARKER STREET, Bartow, FL 33830
Charming commercial property in historic downtown Bartow with vintage character.
Property Size2,092 SF
Lot Size0.50 Acres
Price / SF$227.06
Days on Market90
Property Features for 510 E PARKER STREET
General Information
Standard status
Active
Size
2,092 SF
Lot size
0.50 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,421
Building Details
Building Size
2,092 SF
Year Built
1958
Listing Agency:
360 PERSPECTIVE PARTNERS
(863) 255-1613
Listed By:
Brett Vogeler · License #3297363
(863) 255-1613
Source:
Mbifloridarealty
Added: May 27
Changed: Aug 23
Last Checked: Aug 22 at 6:07AM
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 360 PERSPECTIVE PARTNERS
Investment Insights
Based on property information with market context.
This commercial property is located on a corner lot in historic downtown Bartow. Situated on just under half an acre, the site combines vintage character with practical functionality, making it an outstanding opportunity for professional offices, boutique businesses, creative studios, or an investor looking for a signature property in a well-established location. The property features a welcoming exterior, generous paved parking, and covered parking spaces. The layout opens to a spacious reception area that can easily serve as a welcoming lobby, collaborative workspace, or comfortable client waiting area. The interior features two oversized private offices with built-in storage, a dedicated supply/copy room, kitchen area, and two restrooms. Unique details include classic wood paneling, a vintage water fountain, and built-in as well as free-standing safes. An exterior storage room adds even more flexibility for equipment, supplies, or seasonal storage. The property has a total size of 2092 square feet. This downtown Bartow property is ready to make a lasting impression.
Key Highlights
- Prominent corner lot location in historic downtown Bartow.
- Generous paved and covered parking for clients, guests, and staff.
- Flexible interior layout suitable for offices, boutiques, or studios.
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
$25,700
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
5.41%
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%
$514,000
$514.0K
Cap Rate 7%
$367,143
$367.1K
Cap Rate 9%
$285,556
$285.6K
Market Conditions
NOI Build-Up for 2,092 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
$43.9K $21.00/SF
− Vacancy
−$9.7K −$4.62/SF
EGI
$34.3K $16.38/SF
− OpEx
−$8.6K −$4.10/SF
NOI
$25.7K $12.29/SF
Area
Polk County, FL
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$514,000
Cap Rate 7%
$367,143
Cap Rate 9%
$285,556
Alternative Uses
Best Use
Office B
$367.1K
$321.3K – $428.3K
NOI $25,700 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$502.7K
$439.9K – $586.5K
NOI $35,191 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
999
Businesses Nearby
Explore this area
Business Placement
Demographics for 33830, FL
29,926
Population
11,989
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
120.5 sq mi
ZIP Area
248
Density / Sq Mi
$62,636
Median Household Income
$37,078
Median Earnings
$1,017
Median Rent
$207,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Charming commercial property in historic downtown Bartow with vintage character.
Where is this office building located?
The property is located at 510 E PARKER STREET Bartow, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Prominent corner lot location in historic downtown Bartow.; Generous paved and covered parking for clients, guests, and staff.; Flexible interior layout suitable for offices, boutiques, or studios.
