Winter Haven Medical Building For
For Sale
Contact for pricing
1020 5th St SE, Winter Haven, FL 33880
1,785 SF move-in ready medical building in Winter Haven, Florida.
Property Size1,785 SF
Price / SF$308.12
Days on Market905
Property Features for 1020 5th St SE
General Information
Standard status
Active
Size
1,785 SF
Class
A
Property subtype
Office
Listing Agency:
I4 Properties Group
(407) 404-4844
Listed By:
Chris Adams · License #BK3256045
Source:
Crexi
Added: Feb 29, 2024
Changed: Aug 14
Last Checked: Aug 21 at 4:26AM
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 I4 Properties Group
Investment Insights
Based on property information with market context.
Located in Winter Haven, Florida, the property at 1020 5th Street SE is a 1,785 square-foot, single-story medical building available for sale. The property is move-in ready and in good condition. The building was formerly a dentist office, and the option exists to retain the existing furniture. Monument signage is available. This property is suitable for medical professionals looking to establish or expand their practice.
Key Highlights
- Prime location in Winter Haven's established medical row.
- Move‑in ready condition, ideal for immediate practice setup.
- Unique single‑story medical building, the only one of its kind available.
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
$22,430
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
4.08%
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%
$448,600
$448.6K
Cap Rate 7%
$320,429
$320.4K
Cap Rate 9%
$249,222
$249.2K
Market Conditions
NOI Build-Up for 1,785 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
$41.8K $23.40/SF
− Vacancy
−$4.4K −$2.46/SF
EGI
$37.4K $20.94/SF
− OpEx
−$15.0K −$8.38/SF
NOI
$22.4K $12.57/SF
Area
Polk County, FL
Vacancy
10.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
40.00%
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%
$448,600
Cap Rate 7%
$320,429
Cap Rate 9%
$249,222
Alternative Uses
Best Use
Healthcare Medical
$320.4K
$280.4K – $373.8K
NOI $22,430 @ 7.0% cap · market cap 4.08%
Second Best
Office B
$313.3K
$274.1K – $365.5K
NOI $21,929 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$429.0K
$375.3K – $500.5K
NOI $30,027 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,711
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 1,785 SF move-in ready medical building in Winter Haven, Florida.
Where is this medical office space located?
The property is located at 1020 5th St SE Winter Haven, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Prime location in Winter Haven's established medical row.; Move‑in ready condition, ideal for immediate practice setup.; Unique single‑story medical building, the only one of its kind available.
