Winter Haven Commercial Office
524 1ST St S, Winter Haven, FL 33880
For Sale
$262,535
Commercial office building in a high-traffic Winter Haven location.
Property Size1,320 SF
Lot Size0.23 Acres
Price / SF$198.89
Days on Market245
Property Features for 524 1ST St S
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listed By:
Tina Heim, PA · License FL SL3297879
(863) 370-1786
Source:
Elliman
Added: Mar 10
Changed: Aug 15
Last Checked: Aug 15 at 3:49AM
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 Tina Heim, PA
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Investment Insights
Based on property information with market context.
This commercial office building offers approximately 1,320 square feet of space in Winter Haven. The property is situated in a central location, benefiting from high visibility and substantial daily traffic along a busy corridor. Zoned CC-3 and currently used for medical purposes, the property is suitable for various professional, medical, or general commercial uses. The interior layout features three private offices, a reception and waiting area, and a kitchen/break area. The building is designed for accessibility, with ramped entry points at both doors and ADA-compliant access. A well-maintained parking lot provides ample space for clients and staff. This property is offered in conjunction with another adjacent commercial property. Together, they present an opportunity to secure two commercial properties in a thriving, high-traffic location. This property is suitable for establishing or expanding a medical office, professional workspace, or other approved commercial use.
Key Highlights
- High‑visibility location in the heart of Winter Haven with high daily traffic.
- Zoned CC‑3, suitable for a wide range of professional, medical, or general commercial uses.
- Existing medical use in place.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,262
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,240
$365.2K
Cap Rate 7%
$260,886
$260.9K
Cap Rate 9%
$202,911
$202.9K
Market Conditions
NOI Build-Up for 1,320 SF
Gross rent
$29.0K $21.96/SF
− Vacancy
−$4.6K −$3.51/SF
EGI
$24.3K $18.45/SF
− OpEx
−$6.1K −$4.61/SF
NOI
$18.3K $13.83/SF
Area
Polk County, FL
Vacancy
16.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,240
Cap Rate 7%
$260,886
Cap Rate 9%
$202,911
Alternative Uses
Best Use
Office B
$260.9K
$228.3K – $304.4K
NOI $18,262 @ 7.0% cap · market cap 6.96%
Second Best
Healthcare Medical
$252.8K
$221.2K – $294.9K
NOI $17,693 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$337.0K
$294.9K – $393.2K
NOI $23,593 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,767
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33880, FL
42,005
Population
17,055
Households
2.5
Avg Household Size
38
Median Age
17%
College-Educated
84%
High-School Grad
32.4 sq mi
ZIP Area
1,296
Density / Sq Mi
$56,803
Median Household Income
$35,051
Median Earnings
$1,128
Median Rent
$200,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Medical Office Space in Polk County, FL
Properties on Market for Medical Office Space in Polk County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercial office building in a high-traffic Winter Haven location.
Where is this medical office space located?
The property is located at 524 1ST St S Winter Haven, FL.
What is the asking price?
The asking price for this property is $262,535.
What are key features of this property?
This property features: High‑visibility location in the heart of Winter Haven with high daily traffic.; Zoned CC‑3, suitable for a wide range of professional, medical, or general commercial uses.; Existing medical use in place.
