Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1112 Persimmon Ave Sebring, FL 33870-4336

    • Warehouses
    • 1,200 SF
    • 0.52 lot acres
    OFF-MARKET
    Last Sale
    Dec 21, 2021
    $550,000
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0412479
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sebring Cabinet / Cabinet Maker
    • Storage Today - Sebring / Self-Storage Facility / Storage Facility

    Property Details for 1112 Persimmon Ave

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.52 lot acres
    Property size
    1,200 SF
    Zone code
    C1
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    S-32-34-29-090-0010-0160
    APU
    S32342909000100160

    Description

    This stabilized, fee-simple industrial property, located at 1112 Persimmon Ave, Sebring, FL 33870, presents a compelling investment opportunity. The 22,440 square foot warehouse, featuring 112 units and 7,700 net rentable square feet, boasts a strong 93% occupancy rate, generating a substantial NOI of $72,720 and an 8.00% cap rate. The asking price is $939,000, translating to $118 per square foot and $8,116.07 per unit. Built in 1986 and extensively renovated in 2022, including new roofs and exterior paint, the property comprises five single-story buildings situated on a 0.52-acre lot (APN: S-32-34-29-090-0010-0160). The property is zoned C1 and benefits from its strategic location near Sebring International Raceway and the airport, enhancing visibility and accessibility. The recent development of a multi-family complex adjacent to the property further strengthens its market position by increasing demand for storage solutions. This well-maintained facility offers secure, well-lit premises with ample parking, promising consistent income and a high return on investment. The property's land value is $4,184 per square foot. The occupancy date is projected for October 21, 2024. The lease type is NNN, and the tenancy is multi.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $700,000
      ML approach
      $700,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sebring
    County
    Highlands
    State
    Florida
    Longitude
    -81.4358
    Latitude
    27.483
    CBSA code
    42700
    CBSA name
    SEBRING, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,563
    $44,880
    $277,546
    $322,426
    -
    $44,880
    $277,546
    $322,426

    Comparable in this City

    • Value Estimation
      $285,000
      1,512 SF

      100 Boeing Ave

      MINI-WAREHOUSE, STORAGE • 1,512 SF
      100 Boeing Ave, Sebring, FL 33870
      View Details
    • Value Estimation
      $305,000
      4,050 SF

      454 Bch Ave

      MINI-WAREHOUSE, STORAGE • 4,050 SF
      454 Bch Ave, Sebring, FL 33870
      View Details
    • Value Estimation
      $315,000
      1,440 SF

      650 Park St

      MINI-WAREHOUSE, STORAGE • 1,440 SF
      650 Park St, Sebring, FL 33870-3229
      View Details
    • Value Estimation
      $305,000
      1,250 SF

      2424 Us Hwy 27th N

      MINI-WAREHOUSE, STORAGE • 1,250 SF
      2424 Us Hwy 27th N, Sebring, FL 33870-1867
      View Details
    • Value Estimation
      $265,000
      1,476 SF

      531 O Mul La Oee Dr

      MINI-WAREHOUSE, STORAGE • 1,476 SF
      531 O Mul La Oee Dr, Sebring, FL 33870
      View Details
    • Value Estimation
      $300,000
      2,400 SF

      501 Park St

      MINI-WAREHOUSE, STORAGE • 2,400 SF
      501 Park St, Sebring, FL 33870-3228
      View Details

    Similar Nearby for Sale

    • $3,000,000
      1.54 Acres

      Retail and Warehouse Space on US-27

      21,000+ sqft retail/warehouse on 1.54 acres with high visibility.
      4230 Us 27 Hwy, Sebring, FL 33870
      View Details
    • $2,105,000
      5,005 SF

      Denny's NNN Lease Investment

      High-traffic Florida Denny's, 12+ year lease.
      4390 U S Highway 27, Sebring, FL 33870
      View Details
    • $1,499,900
      5,156 SF

      High-Traffic Sebring Mixed-Use Property

      Prime Retail Building, High Visibility, 1.38 Acres
      3341 U S Highway 27, Sebring, FL 33870
      View Details
    • Contact for pricing
      489,000 SF

      Regional Mall in Sebring, Florida

      489,000 SF regional mall with shopping, food, and entertainment.
      901 U.S Hwy 27 N, Sebring, FL 33870
      View Details
    • Contact for pricing

      Half-Acre Double Lot Available

      Large lot suitable for recreation and camping with owner financing.
      6033 Royal Palm St, Sebring, FL 33870
      View Details
    • $459,000

      Executive Office Space on Hwy 27

      Executive office space for sale on Hwy 27 in Florida.
      2153 Us Hwy 27 Hwy S, Sebring, FL 33870
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo
      2,601 SF

      Versatile Commercial Space in Sebring

      2,601 SF commercial space ideal for various business uses.
      971 State Road 17 N, Sebring, FL 33870
      View Details
    • $10 SF/Yr
      15,277 SF

      2920 Alt Us Hwy 27

      Distribution properties • 15,277 SF
      2920 Alt Us Hwy 27, Sebring, FL 33870
      View Details
    • $12 SF/Yr
      8,450 SF

      3324 COMMERCE CENTER LANE SEBRING FL 33870

      Medical offices • 8,450 SF
      3324 Commerce Center Ln, Sebring, FL 33870
      View Details
    • Contact for pricing
      2,000 SF

      Retail Endcap Space Near Highway

      2,000 SF retail space in a high-traffic area.
      4228 Sebring Pkwy, Sebring, FL 33870
      View Details
    • $237,600

      Retail Space Available For Rent

      Retail space available for lease.
      2237 U S Highway 27 S, Sebring, FL 33870
      View Details
    • Contact for pricing
      65,340 SF

      Sebring Commercial Land - Hwy 27

      Prime 1.5-acre commercial lot, Hwy 27 frontage.
      923 & Southern Breeze Dr, Sebring, FL 33870
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1112 Persimmon Ave
    Sebring, FL 33870-4336
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.