Winter Haven Commercial Office
For Sale
$278,111
524 1ST S STREET, Winter Haven, FL 33880
1,320 sq ft commercial office in Winter Haven.
Property Size1,320 SF
Lot Size0.23 Acres
Price / SF$210.69
Days on Market574
Property Features for 524 1ST S STREET
General Information
Standard status
Active
Size
1,320 SF
Lot size
0.23 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1942
Listing Agency:
KELLER WILLIAMS REALTY SMART
(407) 467-5760
Listed By:
Chris Renfro · License #3425065
(407) 467-5760
Source:
Exitrealty
Added: Jan 7, 2025
Changed: Jul 6
Last Checked: Jul 23 at 6:20AM
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 sq. ft. of space and is located in Winter Haven. The property is zoned CC-3 and currently used for medical purposes, offering flexibility for professional, medical, or general commercial applications. The layout includes three private offices, a reception and waiting area, and a kitchen/break area. Accessibility features include ramped entry points at both doors and ADA-compliant access. A parking lot accommodates clients and staff. The property is offered in conjunction with another adjacent commercial property. This property offers visibility, versatility, and long-term investment potential.
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 applications.
- Well‑designed interior layout featuring three private offices, reception/waiting area, and kitchen/break area.
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.9k | $23.40 |
| − Vacancy | −$3.2k | −$2.46 |
| EGI | $27.6k | $20.94 |
| − OpEx | −$11.1k | −$8.38 |
| NOI | $16.6k | $12.57 |
1,320 SF · lease $23.40/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$237.0K
$207.3K – $276.5K
NOI $16,587 @ 7.0% cap · market cap 5.96%
Second Best
Office B
$231.7K
$202.7K – $270.3K
NOI $16,216 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$317.2K
$277.6K – $370.1K
NOI $22,205 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 - 1,320 sq ft commercial office in Winter Haven.
Where is this medical office space located?
The property is located at 524 1ST S STREET Winter Haven, FL.
What is the asking price?
The asking price for this property is $278,111.
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 applications.; Well‑designed interior layout featuring three private offices, reception/waiting area, and kitchen/break area.
