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Property profile & analytics

1603 3Rd St Winter Haven, FL 33880

  • Drive through restaurants
  • 2,532 SF
  • 0.60 lot acres
Value Estimation
Last Sale
Aug 05, 2020
Location Intelligence
Property ID
US18-5311232
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

  • Drive through restaurants

Property Details for 1603 3Rd St

Year built
1974
Lot size
0.60 lot acres
Property size
2,532 SF
Property type
Drive through restaurants
APN
262832646500000082
APU
262832646500000082

Description

This exceptional Class A shopping center presents a compelling redevelopment opportunity in the thriving Winter Haven, Florida market. Located at 1603 3rd St SW, this 3,800 square foot property sits on a 0.65-acre lot (APN: 32-28-26-646500-000082) and offers fee simple ownership. The single-story building, slated for completion in late 2025, boasts three units and is zoned for commercial use. With a total square footage of 3,800 net rentable square feet, the asking price is $2,800,000, translating to $736.84 per square foot. Its strategic location near Highway 17, just past Cypress Gardens Boulevard and adjacent to AutoZone, ensures high visibility and accessibility. The property's design lends itself to various retail uses, including the potential for a quick-service restaurant with a drive-thru, capitalizing on the high traffic volume in this established commercial corridor. This is an ideal investment for developers seeking a prime location with strong growth potential in a bustling Florida market. The property is situated in Polk County, Florida, zip code 33880. This is a rare opportunity to acquire a brand-new, strategically located retail center in a high-demand area.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $640,000
  • CAP approach

    CAP return
    Estimation
    6%
    $480,000
    6.5%
    $440,000
    7%
    $420,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $505,000
    Geo Method
    $485,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $430,000
    Retail
    $375,000
    Mixed-Use
    $495,000
    Hospitality
    $390,000
    Educational
    $435,000
    Residential Income
    $495,000
    Energy
    $395,000
    Income-Based Land
    $440,000
    Food Service
    $440,000

Location Insight

  • Map
  • Local Demand
City
Winter Haven
County
Polk
State
Florida
Longitude
-81.7313
Latitude
28.006
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
$6,953
$298,310
$107,351
$405,661
-
$298,310
$107,351
$405,661
More about this property
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