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    3310 Hwy 27 Sebring, FL 33870

    For Sale
    $4,900,000

    Sebring, FL retail investment opportunity

    Property size:
    57,187 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    Desoto Square, a 57,187 square foot shopping center in Sebring, Florida, presents a compelling investment opportunity. Currently 35% occupied, the property boasts a strong anchor tenant, Tractor Supply Co., operating on a below-market lease. The center features a total of two units, with approximately 37,187 square feet available for lease, divisible into spaces as small as 12,000-15,000 square feet. An attractive aspect is the potential for expansion, with approximately 15,000-20,000 square feet of adjacent land available for development, including a potential outparcel. The property sits on a 6.83-acre lot with 371 parking spaces and benefits from a highly visible location on US Highway 27 S, a major thoroughfare with a high average annual daily traffic count of 31,000 vehicles. The asking price is $4,900,000, representing a below-replacement-cost opportunity. The property's current net operating income (NOI) is $118,680. Built in 1984, this single-story center is shadow-anchored by Winn-Dixie, further enhancing its appeal and potential for future growth. The property offers a signalized entrance directly from US Highway 27 S, ensuring excellent visibility and accessibility. Detailed financial information is available upon request.

    Property Features for 3310 Hwy 27

    General Information

    Property type
    Lifestyle centers
    Square Feet
    57,187 SF
    Lot Size
    297,515 SF

    Building Details

    Year Built
    1984
    Stories
    1
    Units
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Sebring
    County
    Highlands
    State
    Florida
    Longitude
    -81.438745382849
    Latitude
    27.469338419196

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    FAQs

    What type of property is this?
    Lifestyle center - Sebring, FL retail investment opportunity
    Where is this lifestyle center located?
    The property is located at 3310 Hwy 27 Sebring, FL.
    What is the asking price?
    The asking price for this property is $4,900,000.
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    3310 Hwy 27 Sebring, FL 33870
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3310 Hwy 27 Sebring, FL 33870
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