Flex Property with Steel
For Sale
$599,000
5600 PACKING HOUSE Road, Bartow, FL 33830
Commercial Sale, BARTOW, FL
Property Size4,996 SF
Lot Size2.46 Acres
Price / SF$119.90
Days on Market368
Property Features for 5600 PACKING HOUSE Road
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Interior Lot
Directions
HWY 27 S TO HWY 60 W TO ALTURAS RD LEFT TO PACKING HOUSE RD.
Subdivision
33830 - Bartow
Standard status
Active
APN
26-30-16-000000-023020
Size
4,996 SF
Lot size
2.46 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
BEG AT INTER OF N LINE OF VACATED RR R/W & W-LINE OF 3RD ST RUN S 187 FT W 620 FT N 187 FT E 620 FT TO POB LESS S 137 FT OF W 193 FT & LESS S 96.5 FT OF E 66 FT & LESS RD R/W PER MB 27 PG 92
Tax Annual Amount
3442
Legal Description
BEG AT INTER OF N LINE OF VACATED RR R/W & W-LINE OF 3RD ST RUN S 187 FT W 620 FT N 187 FT E 620 FT TO POB LESS S 137 FT OF W 193 FT & LESS S 96.5 FT OF E 66 FT & LESS RD R/W PER MB 27 PG 92
Amenities
private offices
conference room
kitchen
bathrooms
Building Details
Year built
1953
Floors in Building
1
Building materials
Block, Metal Frame
Roof type
Shingle, Metal
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Tania Bobe · License #3342106
(863) 270-2138
Added: Aug 22, 2025
Changed: Aug 20
Last Checked: Aug 24 at 1:06AM
MLS# P4936035
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.
Investment Insights
Based on property information with market context.
This flex property includes two buildings totaling 4,996 square feet. The primary building is configured for office use with five private offices, a conference room, kitchen, and bathroom facilities. A second 60-by-40-foot steel-framed building provides substantial enclosed space and is currently used for agricultural support activities involving tractors, semis, and heavy equipment.
Constructed in 1953, the property uses block and metal-frame construction with shingle and metal roofing. Its building mix supports a combination of administrative space and larger-scale equipment or storage functions. The property is located in Bartow, Florida, within Polk County, and the address is 5600 Packing House Road.
Constructed in 1953, the property uses block and metal-frame construction with shingle and metal roofing. Its building mix supports a combination of administrative space and larger-scale equipment or storage functions. The property is located in Bartow, Florida, within Polk County, and the address is 5600 Packing House Road.
Key Highlights
- 4,996‑square‑foot flex property with two buildings
- Main building includes five private offices, conference room, kitchen, and bathrooms
- 60x40 steel‑framed building used for tractors, semis, and heavy equipment
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
$33,281
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
5.56%
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%
$665,620
$665.6K
Cap Rate 7%
$475,443
$475.4K
Cap Rate 9%
$369,789
$369.8K
Market Conditions
NOI Build-Up for 4,996 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
$42.5K $8.50/SF
− Vacancy
−$3.3K −$0.66/SF
EGI
$39.2K $7.84/SF
− OpEx
−$5.9K −$1.18/SF
NOI
$33.3K $6.66/SF
Area
Polk County, FL
Vacancy
7.80%
Lease Rate
$8.50 /SF/Yr
Expense Ratio
15.00%
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%
$665,620
Cap Rate 7%
$475,443
Cap Rate 9%
$369,789
Alternative Uses
Best Use
Office B
$876.8K
$767.2K – $1.02M
NOI $61,376 @ 7.0% cap · market cap 10.25%
Second Best
Warehouse
$475.4K
$416.0K – $554.7K
NOI $33,281 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,041 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Well-served
Demand for This Use
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?
Flex space - Two-building commercial property combines finished office space with a durable structure suited to equipment-related operations.
Where is this flex space located?
The property is located at 5600 PACKING HOUSE Road Bartow, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 4,996‑square‑foot flex property with two buildings; Main building includes five private offices, conference room, kitchen, and bathrooms; 60x40 steel‑framed building used for tractors, semis, and heavy equipment
