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    7401 Cypress Gardens Blvd Winter Haven, FL 33884

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    7401 Cypress Gardens Blvd Winter Haven, FL 33884

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    • Office properties & Spaces
    • 467,258 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • State Farm Operations Center - Winter Haven / Corporate Office

    Property Details for 7401 Cypress Gardens Blvd

    Year built
    1992
    Property size
    467,258 SF
    Property type
    Office properties & Spaces

    Description

    7401 Cypress Gardens Blvd in Winter Haven, Florida presents a unique opportunity to lease a substantial amount of Class A office space. This impressive building, constructed in 1992, offers a total of 467,258 square feet of office space, currently entirely vacant and available for lease. The property is ideally suited for a single large tenant seeking a corporate headquarters or a multi-tenant configuration. Flexible lease terms are available to accommodate various needs, with a minimum divisible space of 80,000 square feet and the potential to lease the entire 467,258 square feet contiguously. The building's prime location in the central I-4 corridor provides excellent access to a large workforce pool from both Tampa and Orlando. Ample parking is provided, with a ratio of 7.2 spaces per 1,000 square feet. This is a rare opportunity to secure a significant amount of high-quality office space in a desirable location within Winter Haven's thriving business community. The property's size and amenities make it an exceptional choice for companies seeking a prominent and functional workspace. The address is 7401 Cypress Gardens Blvd, Winter Haven, FL 33884.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Winter Haven
    County
    Polk
    State
    Florida
    Longitude
    -81.6506
    Latitude
    27.9802

    Comparable in this City

    • Value Estimation by Request
      12,000 SF

      3025 Cypress Gardens Rd

      Restaurants • 12,000 SF
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    • Value Estimation by Request
      8,240 SF

      1104 Cypress Gardens Blvd

      Neighborhood centers • 8,240 SF
      1104 Cypress Gardens Blvd, Winter Haven, FL 33884
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    • Value Estimation
      $1,200,000
      4,331 SF

      18 Kinsmen Dr

      OFFICE BUILDING • 4,331 SF
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    • Value Estimation
      $515,000
      2,168 SF

      3100 Cypress Gdns Rd

      OFFICE BUILDING • 2,168 SF
      3100 Cypress Gdns Rd, Winter Haven, FL 33884-2419
      View Details
    • Value Estimation
      $10,300,000
      37,408 SF

      7450 Cypress Gdns Blvd

      MEDICAL BUILDING • 37,408 SF
      7450 Cypress Gdns Blvd, Winter Haven, FL 33884-3247
      View Details
    • Value Estimation
      $940,000
      1,000 SF

      550 Overlook Dr

      OFFICE BUILDING • 1,000 SF
      550 Overlook Dr, Winter Haven, FL 33884
      View Details

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    Winter Haven, FL 33884
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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