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    1806 1St St S Winter Haven, FL 33880

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    1806 1St St S Winter Haven, FL 33880

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    • Retail space
    • 6,186 SF
    • 0.53 lot acres
    For Lease
    $15 SF/Yr
    View Listing →
    Winter Haven Mixed-Use Commercial Space For Lease
    $15 SF/Yr
    6,020 SF

    Winter Haven Mixed-Use Commercial Space

    Upgraded 5,000 SF mixed-use space near Cypress Gardens Blvd.

    1806 1ST STREET S, Winter Haven, FL 33880
    View Listing
    Property ID
    US18-2223896
    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
    $1,075,000
    Cap Rate Potential
    4.6%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Amy's Gifts and Party Planning / Party Supply Store / (Bike/Boat/Book/etc) Store

    Property Details for 1806 1St St S

    Year built
    1995
    Lot size
    0.53 lot acres
    Property size
    6,186 SF
    Property type
    Retail space
    APN
    262833000000043080
    APU
    262833000000043080

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,310,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,160,000
      6.5%
      $1,070,000
      7%
      $990,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,203,000
      Market price range: $572k - $1.49M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,600,000
      Current use
      COMMERCIAL (GENERAL)
      $1,570,000
      Change: -2% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,445,000
      Change: -10% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,315,000
      Change: -18% Conversion: Difficult

    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
    28.0032
    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
    $10,819
    $177,289
    $384,568
    $561,857
    -
    $177,289
    $384,568
    $561,857

    Comparable in this City

    • Value Estimation by Request
      3,100 SF

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      RETAIL STORES (PERSONAL SERVICES) • 3,100 SF
      1450 Lk Shipp Dr, Winter Haven, FL 33880-5325
      View Details
    • Value Estimation by Request
      1,406 SF

      2506 Ave G NW G

      RETAIL STORES (PERSONAL SERVICES) • 1,406 SF
      2506 Ave G NW G, Winter Haven, FL 33880-2137
      View Details
    • Value Estimation by Request
      3,372 SF

      2595 Ave G NW G

      RETAIL STORES (PERSONAL SERVICES) • 3,372 SF
      2595 Ave G NW G, Winter Haven, FL 33880-2138
      View Details
    • Value Estimation by Request
      1,080 SF

      2713 Ave G G Nwnw

      RETAIL STORES (PERSONAL SERVICES) • 1,080 SF
      2713 Ave G G Nwnw, Winter Haven, FL 33880-2142
      View Details
    • Value Estimation by Request
      1,797 SF

      217 Bomber Rd, Unit B

      RETAIL STORES (PERSONAL SERVICES) • 1,797 SF
      217 Bomber Rd, Winter Haven, FL 33880-5647
      View Details
    • Value Estimation by Request
      6,842 SF

      2430 7th St Swsw

      RETAIL STORES (PERSONAL SERVICES) • 6,842 SF
      2430 7th St Swsw, Winter Haven, FL 33880-4379
      View Details

    Similar Nearby for Sale

    • $3,000,000
      1.47 Acres

      Downtown Winter Haven Commercial Opportunity

      High-visibility corner lot suitable for various commercial ventures.
      301 SW 6Th St, Winter Haven, FL 33880
      View Details
    • $3,000,000
      18,000 SF

      Versatile Landmark in Downtown Winter Haven

      18,000 SF facility on 1.47 acres, high-visibility corner lot.
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    • Contact for pricing

      Winter Haven Industrial Flex Warehouse

      2,940 SF industrial flex warehouse on 0.916 acres.
      3435 Recker Hwy, Winter Haven, FL 33880
      View Details
    • $1,590,000
      4,400 SF

      Prime Auto Repair Location

      High-visibility commercial property suitable for auto repair or retail.
      801 Cypress Gardens Blvd, Winter Haven, FL 33880
      View Details
    • $288,000
      2,302 SF

      Corner Commercial Building in Winter Haven

      Versatile commercial building with high visibility and flexible space.
      2595 Avenue G NW, Winter Haven, FL 33880
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    Similar Nearby for Lease

    • Contact for pricing
      6,300 SF

      Retail Space in Redevelopment Project

      Retail space available within a dynamic mixed-use district.
      301 SW 5Th St, Winter Haven, FL 33880
      View Details
    • Contact for pricing
      463 SF

      Freestanding Retail Space Available

      463 SF retail space with dedicated entrance in Winter Haven.
      514 Cypress Gardens Blvd, Winter Haven, FL 33880
      View Details
    • Contact for pricing
      10,018 SF

      Retail Space on Hwy 17

      Retail space available on a major commercial thoroughfare.
      231-470 Citi Ctr St, Winter Haven, FL 33880
      View Details
    • Contact for pricing
      5,288 SF

      Retail Space in Winter Haven

      Retail space available in the Bowen Yard Loop redevelopment project.
      355 SW 5Th St, Winter Haven, FL 33880
      View Details
    • Contact for pricing
      1,270 SF

      Winter Haven Retail Redevelopment Opportunity

      Retail spaces available in Winter Haven's Bowen Yard Loop.
      365 5Th St Sw, Winter Haven, FL 33880
      View Details
    View Listing
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    1806 1St St S
    Winter Haven, FL 33880
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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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