Multi-Unit Retail Building Zoned
For Sale
$699,900
746 US 27 Highway N, Avon Park, FL 33825
Commercial, Avon Park, FL
Property Size4,524 SF
Lot Size0.27 Acres
Price / SF$154.71
Days on Market104
Property Features for 746 US 27 Highway N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Interior features
Private Restrooms, Public Restrooms, Telephone
Directions
Head northeast toward US-27 S/US-98 S, Turn right onto US-27 S/US-98 S, Make a U-turn at Country Club Ln, Destination on the right
Standard status
Active
APN
A-15-33-28-180-00A0-0150
Size
4,524 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PINE VILLA SUB PB 3-PG 79 THE WEST 85 FT OF NORTH 138.74 FT OF BLK A
Tax Annual Amount
6257
Legal Description
PINE VILLA SUB PB 3-PG 79 THE WEST 85 FT OF NORTH 138.74 FT OF BLK A
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
1963
Flooring type
Vinyl, Tile, Carpet
Building materials
Concrete Block
Roof type
Metal
Listing Agency:
ADVANTAGE REALTY #1
(863) 386-0303
Listed By:
Yezmin V. Restrepo · License #3418359
(214) 797-4439
Added: May 19
Changed: Aug 19
Last Checked: Aug 30 at 1:06AM
MLS# 325401
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.
Investment Insights
Based on property information with market context.
This fully occupied multi-unit retail building includes 4 spaces and totals 4,524 SF. The property features private restrooms, public restrooms, and telephone service, with interior finishes including tile, carpet, and vinyl. It is constructed with concrete block, has a metal roof, and is served by public sewer. Heating and cooling are both provided through central systems with electric components.
The building sits on a 0.27-acre lot in Avon Park, Florida, zoned C2. Access is off US 27 Highway N.
Built in 1963, this retail property is positioned for operations that can align with existing tenants and room to adapt within the current multi-space configuration.
The building sits on a 0.27-acre lot in Avon Park, Florida, zoned C2. Access is off US 27 Highway N.
Built in 1963, this retail property is positioned for operations that can align with existing tenants and room to adapt within the current multi-space configuration.
Key Highlights
- Fully occupied multi‑unit retail building with 4 spaces
- 4,524 SF multi‑unit retail building on 0.27‑acre lot
- Zoned C2
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
$42,514
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
6.07%
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%
$850,280
$850.3K
Cap Rate 7%
$607,343
$607.3K
Cap Rate 9%
$472,378
$472.4K
Market Conditions
NOI Build-Up for 4,524 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
$67.9K $15.00/SF
− Vacancy
−$7.1K −$1.58/SF
EGI
$60.7K $13.43/SF
− OpEx
−$18.2K −$4.03/SF
NOI
$42.5K $9.40/SF
Area
Highlands County, FL
Vacancy
10.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$850,280
Cap Rate 7%
$607,343
Cap Rate 9%
$472,378
Alternative Uses
Best Use
Retail
$607.3K
$531.4K – $708.6K
NOI $42,514 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$941.2K
$823.6K – $1.10M
NOI $65,884 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 33825, FL
24,943
Population
12,519
Households
2
Avg Household Size
49
Median Age
13%
College-Educated
83%
High-School Grad
112.8 sq mi
ZIP Area
221
Density / Sq Mi
$46,604
Median Household Income
$32,352
Median Earnings
$902
Median Rent
$152,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Fully occupied multi-unit retail building zoned C2 on a 0.27-acre lot with central electric HVAC and restrooms.
Where is this retail space located?
The property is located at 746 US 27 Highway N Avon Park, FL.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Fully occupied multi‑unit retail building with 4 spaces; 4,524 SF multi‑unit retail building on 0.27‑acre lot; Zoned C2
