Two Redesigned Office
737 W Central Ave Winter Haven, FL 33880
737 W Central Ave, Winter Haven, FL, 33880
$419,900
For Sale
$419,900
Two remodeled office buildings located near downtown and nearby shopping and retail centers.
Property Size2,510 SF
Price / SF$167.29
Days on Market414
Property Features for 737 W Central Ave
General Information
- Standard status
- Active
- Size
- 2,510 SF
Listing agency
lockhart & associates inc
(863) 293-1234
Listed by
Steve Lockhart · License #377455
(863) 293-1234
Source
Exprealty
Added: Jun 3, 2025 Updated: Jul 21 at 12:23AM Checked: Jul 21 at 12:23AM
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.
This offering includes two redesigned and remodeled office buildings completed by a local architect. The front building is known as 737 W Central Avenue and the rear building is known as 739 W Central Avenue.
The buildings are located close to downtown, as well as surrounding shopping and retail centers.
The property is listed for sale as a combined office-building package, suited for buyers seeking a two-building configuration in a central area.
The buildings are located close to downtown, as well as surrounding shopping and retail centers.
The property is listed for sale as a combined office-building package, suited for buyers seeking a two-building configuration in a central area.
Key Highlights
- Two remodeled office buildings designed and remodeled by a local architect
- Front building: 737 W Central Avenue
- Rear building: 739 W Central Avenue
Local Financial Insights For Office B
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 | $52.7k | $21.00 |
| − Vacancy | −$11.6k | −$4.62 |
| EGI | $41.1k | $16.38 |
| − OpEx | −$10.3k | −$4.10 |
| NOI | $30.8k | $12.29 |
2,510 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$440.5K
$385.4K – $513.9K
NOI $30,835 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$603.2K
$527.8K – $703.7K
NOI $42,222 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Julian J Garcia ...
Architect
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two remodeled office buildings located near downtown and nearby shopping and retail centers.
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 $419,900.
What are key features of this property?
This property features: Two remodeled office buildings designed and remodeled by a local architect; Front building: 737 W Central Avenue; Rear building: 739 W Central Avenue
