Remodeled Office
737 W CENTRAL Avenue, Winter Haven, FL 33880
For Sale
$399,000
Commercial Sale, WINTER HAVEN, FL
Property Size2,510 SF
Lot Size0.22 Acres
Price / SF$158.96
Days on Market529
Property Features for 737 W CENTRAL Avenue
General Information
Property type
Property subtype
Zoning
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Building materials
Listing Agency:
LOCKHART & ASSOCIATES INC
(863) 293-1234
Listed By:
Steve Lockhart · License FL #377455
(863) 289-9801
Added: May 30, 2025
Changed: Oct 16
Last Checked: Nov 9 at 7:06PM
MLS# P4935050
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.
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Investment Insights
Based on property information with market context.
This office property comprises two remodeled buildings totaling 2,510 square feet. The front structure is identified as 737 W Central Avenue, while the rear building is addressed as 739 W Central Avenue. Both improvements feature central heating and central air, with exterior materials including stone, stucco, and wood siding. The property was built in 1915 and is served by public water and public sewer.
Located in Winter Haven, the buildings are positioned near downtown, shopping, and retail centers. RP zoning applies to the property.
Located in Winter Haven, the buildings are positioned near downtown, shopping, and retail centers. RP zoning applies to the property.
Key Highlights
- Two remodeled office buildings totaling 2,510 square feet
- Front building identified as 737 W Central Avenue; rear building identified as 739 W Central Avenue
- RP zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,725
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,500
$694.5K
Cap Rate 7%
$496,071
$496.1K
Cap Rate 9%
$385,833
$385.8K
Market Conditions
NOI Build-Up for 2,510 SF
Gross rent
$55.1K $21.96/SF
− Vacancy
−$8.8K −$3.51/SF
EGI
$46.3K $18.45/SF
− OpEx
−$11.6K −$4.61/SF
NOI
$34.7K $13.83/SF
Area
Polk County, FL
Vacancy
16.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,500
Cap Rate 7%
$496,071
Cap Rate 9%
$385,833
Alternative Uses
Best Use
Office B
$496.1K
$434.1K – $578.8K
NOI $34,725 @ 7.0% cap · market cap 8.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$640.9K
$560.8K – $747.7K
NOI $44,863 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,989
Businesses Nearby
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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
$200,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Polk County, FL
Properties on Market for Office buildings in Polk County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two-building office property with central heating and cooling, public water, and public sewer.
Where is this office building located?
The property is located at 737 W CENTRAL Avenue 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: Two remodeled office buildings totaling 2,510 square feet; Front building identified as 737 W Central Avenue; rear building identified as 739 W Central Avenue; RP zoning
