Winter Haven Commercial Office
For Sale
$262,535
524 1ST St S, Winter Haven, FL 33880
Commercial office building in a high-traffic Winter Haven location.
Property Size1,320 SF
Lot Size0.23 Acres
Price / SF$198.89
Days on Market152
Property Features for 524 1ST St S
General Information
Standard status
Active
Size
1,320 SF
Lot size
0.23 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,282
Building Details
Building Size
1,320 SF
Year Built
1942
Listing Agency:
KELLER WILLIAMS REALTY SMART
(863) 370-1786
Listed By:
Tina Heim, PA · License #3425065
(863) 370-1786
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 7 at 5:27AM
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 KELLER WILLIAMS REALTY SMART
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 = 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
$16,587
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
6.32%
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%
$331,740
$331.7K
Cap Rate 7%
$236,957
$237.0K
Cap Rate 9%
$184,300
$184.3K
Market Conditions
NOI Build-Up for 1,320 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
$30.9K $23.40/SF
− Vacancy
−$3.2K −$2.46/SF
EGI
$27.6K $20.94/SF
− OpEx
−$11.1K −$8.38/SF
NOI
$16.6K $12.57/SF
Area
Polk County, FL
Vacancy
10.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
40.00%
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%
$331,740
Cap Rate 7%
$236,957
Cap Rate 9%
$184,300
Alternative Uses
Best Use
Healthcare Medical
$237.0K
$207.3K – $276.5K
NOI $16,587 @ 7.0% cap · market cap 6.32%
Second Best
Office B
$231.7K
$202.7K – $270.3K
NOI $16,216 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$317.2K
$277.6K – $370.1K
NOI $22,205 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,710
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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.
