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    1550 1st S St Winter Haven, FL 33880-4306
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    1550 1st S St Winter Haven, FL 33880-4306

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    • Medical Office Space
    • 3,536 SF
    • 0.67 lot acres
    Off-Market
    Property ID
    US18-6336947
    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.
    Value Estimations
    $640,000
    Show details
    Cap Rate Potential
    7.6%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • Bright Smiles Of Winter Haven / Dental Office
    • Chen Tiffany Y DDS / Dental Office
    • Dr. Tranchau Hoang / Dental Office
    • Gianna De Simone / Dental Office
    • Dr. Eva Dupay / Dental Office

    Property Details for 1550 1st S St

    Year built
    1996
    Lot size
    0.67 lot acres
    Property size
    3,536 SF
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    262833654500000200
    APU
    262833654500000200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $590,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $740,000
      6.5%
      $685,000
      7%
      $635,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $649,000
      Market price range: $447k - $1.03M

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

    Location Insight

    • Map
    • Local Demand
    City
    Winter Haven
    County
    Polk
    State
    Florida
    Longitude
    -81.7263
    Latitude
    28.0062
    CBSA code
    29460
    CBSA name
    LAKELAND, FL METROPOLITAN 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
    $9,922
    $153,859
    $361,374
    $515,233
    -
    $153,859
    $361,374
    $515,233

    Comparable in this City

    • Value Estimation
      $11,625,000
      53,216 SF

      500 Central Ave

      MEDICAL BUILDING • 53,216 SF
      500 Central Ave, Winter Haven, FL 33880-3053
      View Details
    • Value Estimation
      $675,000
      2,910 SF

      211 6th SE St

      DENTAL BUILDING • 2,910 SF
      211 6th SE St, Winter Haven, FL 33880-3289
      View Details
    • Value Estimation by Request
      11,540 SF

      560 Ave K SE K

      MEDICAL BUILDING • 11,540 SF
      560 Ave K SE K, Winter Haven, FL 33880-4203
      View Details
    • Value Estimation by Request
      2,226 SF

      399 Ave K SE K

      DENTAL BUILDING • 2,226 SF
      399 Ave K SE K, Winter Haven, FL 33880-4124
      View Details
    • Value Estimation
      $780,000
      4,566 SF

      220 Ave O SE O

      MEDICAL BUILDING • 4,566 SF
      220 Ave O SE O, Winter Haven, FL 33880-4334
      View Details
    • Value Estimation
      $810,000
      4,180 SF

      315 Central Ave

      MEDICAL BUILDING • 4,180 SF
      315 Central Ave, Winter Haven, FL 33880-3047
      View Details

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    • Contact for pricing
      1,785 SF

      Winter Haven Medical Building For Sale

      1,785 SF move-in ready medical building in Winter Haven, Florida.
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    • $575,000
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      Winter Haven Mixed-Use Commercial Property

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    • $298,111
      1,320 SF

      Winter Haven Commercial Office Building

      1,320 sq ft commercial office in Winter Haven.
      524 1St St S, Winter Haven, FL 33880
      View Details
    • New
      $278,111
      1,320 SF

      Winter Haven Commercial Office Building

      1,320 sq ft commercial office building in Winter Haven.
      524 1St St S, Winter Haven, FL 33880
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    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Space Available

      Medical office complex in Winter Haven with various specialties.
      400 Avenue K SE, Winter Haven, FL 33880
      View Details
    • Contact for pricing

      Office Suites on 6th Street

      Two adjacent office suites with spacious floor plan for rent.
      1513 6Th St SE, Winter Haven, FL 33880
      View Details
    • Contact for pricing
      157 SF

      Modern Coworking Space Available

      State-of-the-art coworking facility designed for modern professionals.
      250 Magnolia Ave, Winter Haven, FL 33880
      View Details
    • Contact for pricing

      Winter Haven Auto Repair Shop

      13,024 SF auto shop with office space for lease.
      3427 Recker Hwy, Winter Haven, FL 33880
      View Details
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    Winter Haven, FL 33880-4306
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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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