Two-Building Flex
623 Park Street, Sebring, FL 33870
For Sale
$895,000
Commercial, Single Story, Sebring, FL
Property Size10,188 SF
Lot Size1.29 Acres
Price / SF$87.85
Days on Market214
Property Features for 623 Park Street
General Information
Property type
Property subtype
Zoning
Security features
Interior features
Exterior features
Fencing
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Architectural style
Additional Structures
Buildings
Listing Agency:
RE/MAX REALTY PLUS · RE/MAX International
Listed By:
C Boring III
(863) 385-0077
Added: Apr 13
Changed: Nov 3
Last Checked: Nov 12 at 7:06AM
MLS# 324594
Copyright © 2026 Heartland Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 1.29-acre Sebring property contains two buildings totaling 10,188 square feet. The principal 6,000-square-foot building has three oversized bay doors, eight private offices, a reception area, a copy and scan room, and public and warehouse restrooms. Workbenches and a 1,500-square-foot upper mezzanine add further workspace and storage. A separate 1,188-square-foot building has its own garage door and can accommodate storage or workshop functions.
Concrete-block construction, a metal roof, and fenced grounds frame the site. Central water and public sewer serve the property, which also has an on-site diesel and gas tank, covered open-air parking or shed space, and a backup generator. The property is on a corner lot in downtown Sebring and is zoned C2.
Concrete-block construction, a metal roof, and fenced grounds frame the site. Central water and public sewer serve the property, which also has an on-site diesel and gas tank, covered open-air parking or shed space, and a backup generator. The property is on a corner lot in downtown Sebring and is zoned C2.
Key Highlights
- Two buildings with a combined 10,188 square feet on 1.29 acres
- Main building measures 6,000 square feet and has three oversized bay doors
- Eight private offices, reception area, copy and scan room, and restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,272
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,345,440
$1.3M
Cap Rate 7%
$961,029
$961.0K
Cap Rate 9%
$747,467
$747.5K
Market Conditions
NOI Build-Up for 10,188 SF
Gross rent
$83.1K $8.16/SF
− Vacancy
−$4.0K −$0.39/SF
EGI
$79.1K $7.77/SF
− OpEx
−$11.9K −$1.17/SF
NOI
$67.3K $6.60/SF
Area
Highlands County, FL
Vacancy
4.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,345,440
Cap Rate 7%
$961,029
Cap Rate 9%
$747,467
Alternative Uses
Best Use
Warehouse
$961.0K
$840.9K – $1.12M
NOI $67,272 @ 7.0% cap · market cap 7.52%
Second Best
Flex RnD
$958.8K
$838.9K – $1.12M
NOI $67,114 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$2.12M
$1.85M – $2.47M
NOI $148,370 @ 7.0% cap · market cap 16.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
811
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33870, FL
24,238
Population
13,933
Households
1.7
Avg Household Size
51
Median Age
18%
College-Educated
84%
High-School Grad
95.3 sq mi
ZIP Area
254
Density / Sq Mi
$50,606
Median Household Income
$28,475
Median Earnings
$977
Median Rent
$154,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Sebring, FL
Properties on Market for Flex space in Sebring
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Luke's Good Eatin — Sebring, FL 33871
Frequently Asked Questions
What type of property is this?
Flex space - Fenced C2-zoned site combines warehouse space, private offices, and a separate garage-equipped building.
Where is this flex space located?
The property is located at 623 Park Street Sebring, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two buildings with a combined 10,188 square feet on 1.29 acres; Main building measures 6,000 square feet and has three oversized bay doors; Eight private offices, reception area, copy and scan room, and restrooms
