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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    115 Spg Lk Blvd Sebring, FL 33876-6143

    • Office buildings
    • 2,275 SF
    • 1.23 lot acres
    OFF-MARKET
    Value Estimations
    $340,000
    Show details
    Cap Rate Potential
    8.1%
    Office buildings
    Location Intelligence
    Property ID
    US18-4517667
    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

    • Living Well Estate / Assisted Living Facility

    Property Details for 115 Spg Lk Blvd

    Year built
    1996
    Construction
    CONCRETE BLOCKS
    Lot size
    1.23 lot acres
    Property size
    2,275 SF
    Zone code
    B3
    Property type
    Office buildings
    APN
    C-15-35-30-020-P010-0000
    APU
    C153530020P0100000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $410,000
      6.5%
      $380,000
      7%
      $355,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $336,000
      Market price range: $238k - $502k
      AI Estimate
      $370,000
      Market price range: $189k - $557k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $335,000
      Current use
      RETAIL STORES
      $480,000
      Change: +42% Conversion: Moderate
      WAREHOUSE, STORAGE
      $455,000
      Change: +35% Conversion: Difficult
      MEDICAL BUILDING
      $375,000
      Change: +11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sebring
    County
    Highlands
    State
    Florida
    Longitude
    -81.3325
    Latitude
    27.4347
    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
    $0.00
    $24,600
    $206,164
    $230,764
    -
    $24,600
    $206,164
    $230,764

    Comparable in this City

    • Value Estimation
      $370,000
      4,426 SF

      8061 Associate Blvd

      OFFICE BUILDING (MULTI-STORY) • 4,426 SF
      8061 Associate Blvd, Sebring, FL 33876
      View Details
    • Value Estimation
      $1,270,000
      1,056 SF

      14127 Us Hwy 27th S

      OFFICE BUILDING • 1,056 SF
      14127 Us Hwy 27th S, Sebring, FL 33876-9522
      View Details
    • Value Estimation
      $305,000
      4,500 SF

      11751 Twitty Rd

      PROFESSIONAL BUILDING • 4,500 SF
      11751 Twitty Rd, Sebring, FL 33876-9700
      View Details
    • Value Estimation
      $245,000
      967 SF

      7500 Haywood Taylor Blvd

      OFFICE BUILDING • 967 SF
      7500 Haywood Taylor Blvd, Sebring, FL 33876-6002
      View Details
    • Value Estimation
      $260,000
      1,200 SF

      7421 Haywood Taylor Blvd

      OFFICE BUILDING (MULTI-STORY) • 1,200 SF
      7421 Haywood Taylor Blvd, Sebring, FL 33876-6002
      View Details
    • Value Estimation
      $145,000
      1,584 SF

      300 Deer E Trl

      OFFICE BUILDING • 1,584 SF
      300 Deer E Trl, Sebring, FL 33876-6504
      View Details

    Similar Nearby for Sale

    • $399,900
      2.13 Acres

      Prime Commercial Land Opportunity

      2.13-acre vacant commercial lot at Highway 98 and Twitty Road.
      7431 Twitty Rd, Sebring, FL 33876
      View Details
    • $50,000
      1.80 Acres

      Residential Lots in Sebring, Florida

      1.8 acres, 8 subdivided lots, ideal for residential development.
      6924 Pioneer Rd, State Of Florida, FL 33876
      View Details
    • $35,000
      0.50 Acres

      Residential Land in Spring Lake Village

      Half-acre residential lot in Sebring, near lakes and amenities.
      8001 Castile Rd, Sebring, FL 33876
      View Details
    • $45,000
      0.51 Acres

      Residential Lot in Spring Lake

      Spacious 0.51-acre residential lot in Sebring's Spring Lake community.
      8301 Castile Rd, Sebring, FL 33876
      View Details
    • New
      $59,000
      0.24 Acres

      Cleared Residential Lot Near Lake

      Vacant lot in desirable neighborhood near Lake Istokpoga.
      3323 Country Lake Dr, Sebring, FL 33876
      View Details
    • New
      $35,000
      0.63 Acres

      Oversized Corner Lot in Sebring

      Large corner lot ideal for building a dream home.
      401 Cherry Tree Dr, Sebring, FL 33876
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      5,000 SF

      Retail Space Available For Rent

      Retail space available for lease in Sebring, Florida.
      100 Clubhouse Ln, Sebring, FL 33876
      View Details
    • Contact for pricing
      984 SF

      Warehouse Bays Available For Rent

      Two warehouse bays available, can be combined. Yard space available.
      250 Deer Trl E, Sebring, FL 33876
      View Details
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    115 Spg Lk Blvd
    Sebring, FL 33876-6143
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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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