Redesigned Office Buildings Near
For Sale
$399,000
737 W Central Ave, Winter Haven, FL 33880
Remodeled office buildings close to downtown, shopping, and retail.
Property Size2,510 SF
Price / SF$158.96
Days on Market211
Property Features for 737 W Central Ave
General Information
Standard status
Active
Size
2,510 SF
Building Details
Year Built
1915
Listing Agency:
LOCKHART & ASSOCIATES INC
Listed By:
Steve Lockhart · License #377455
(863) 289-9801
Source:
Chenoregroup
Added: Mar 11
Changed: Oct 6
Last Checked: Oct 5 at 11:29PM
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 LOCKHART & ASSOCIATES INC
Investment Insights
Based on property information with market context.
Two redesigned and remodeled office buildings, crafted by a local architect, are available. The front building is located at 737 W Central Avenue, while the rear building is located at 739 W Central Avenue. These office buildings are situated in close proximity to downtown, shopping venues, and retail centers, offering convenient access to various amenities and services.
Key Highlights
- Redesigned and remodeled office buildings
- Two separate buildings (737 & 739 W Central Avenue)
- Located close to downtown
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,835
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,700
$616.7K
Cap Rate 7%
$440,500
$440.5K
Cap Rate 9%
$342,611
$342.6K
Market Conditions
NOI Build-Up for 2,510 SF
Gross rent
$52.7K $21.00/SF
− Vacancy
−$11.6K −$4.62/SF
EGI
$41.1K $16.38/SF
− OpEx
−$10.3K −$4.10/SF
NOI
$30.8K $12.29/SF
Area
Polk County, FL
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,700
Cap Rate 7%
$440,500
Cap Rate 9%
$342,611
Alternative Uses
Best Use
Office B
$440.5K
$385.4K – $513.9K
NOI $30,835 @ 7.0% cap · market cap 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$603.2K
$527.8K – $703.7K
NOI $42,222 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,989
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Remodeled office buildings close to downtown, shopping, and retail.
Where is this office building located?
The property is located at 737 W Central Ave Winter Haven, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Redesigned and remodeled office buildings; Two separate buildings (737 & 739 W Central Avenue); Located close to downtown
