Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    202 Cir Park Dr Sebring, FL 33870-3303

    • Theaters & concert halls
    • 7,133 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    May 18, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0412772
    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

    • Greater Sebring Chamber of Commerce / Business Service Center / Advocacy Group
    • Circle Theatre / Hotel & Motel / Resort
    • Heartland Band Supply / (Bike/Boat/Book/etc) Store

    Property Details for 202 Cir Park Dr

    Year built
    1923
    Construction
    FRAME
    Lot size
    0.16 lot acres
    Property size
    7,133 SF
    Zone code
    C1
    Property type
    Theaters & concert halls
    APN
    S-29-34-29-070-0480-0020
    APU
    S29342907004800020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sebring
    County
    Highlands
    State
    Florida
    Longitude
    -81.4412
    Latitude
    27.4963
    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
    $31,020
    $521,359
    $552,379
    -
    $31,020
    $521,359
    $552,379

    Comparable in this City

    • Value Estimation
      $965,000
      32,000 SF

      775 Magnolia Ave

      ARENA, CONVENTION CENTER • 32,000 SF
      775 Magnolia Ave, Sebring, FL 33870
      View Details
    • Value Estimation
      $555,000
      13,261 SF

      351 Ctr Ave

      AUDITORIUM • 13,261 SF
      351 Ctr Ave, Sebring, FL 33870-3109
      View Details
    • Value Estimation by Request
      6,835 SF

      3100 Medical Way

      ARENA, CONVENTION CENTER • 6,835 SF
      3100 Medical Way, Sebring, FL 33870-5547
      View Details
    • Value Estimation
      $605,000
      15,925 SF

      340 Pne St

      ARENA, CONVENTION CENTER • 15,925 SF
      340 Pne St, Sebring, FL 33870
      View Details
    • Value Estimation
      $875,000
      15,247 SF

      3750 Us Hwy 27th N

      THEATER (MOVIE) • 15,247 SF
      3750 Us Hwy 27th N, Sebring, FL 33870-1690
      View Details
    • Value Estimation by Request
      0.72 Acres

      661 Commerce Ave

      COUNTRY CLUB • 0.72 Acres
      661 Commerce Ave, Sebring, FL 33870
      View Details

    Similar Nearby for Sale

    • 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
    • $1,500,000

      Established Appliance Business For Sale

      Profitable appliance business with real estate purchase opportunity.
      4230 Us 27 Hwy N, Sebring, FL 33870
      View Details
    • $6,950,000
      22,723 SF

      Gas Station, Car Wash, C-Store

      NNN lease with 18 years remaining, rental increases.
      4200 Frontage Rd, Sebring, FL 33870
      View Details
    • $200,000
      1,178 SF

      Sebring Corner Lot Commercial Property

      Corner lot commercial property with strong visibility and accessibility.
      3603 Kenilworth Blvd, Sebring, FL 33870
      View Details
    • Contact for pricing
      0.23 Acres

      Residential Land in Sebring, FL

      0.23 acre parcel in a peaceful Sebring neighborhood.
      269 Condor Ave, Sebring, FL 33870
      View Details
    • $195,000
      5.00 Acres

      Sebring Land in Moon Ranch

      5 acres in deed-restricted Moon Ranch Estates, Sebring, Florida.
      1016 Orange Creek Ln, Sebring, FL 33870
      View Details

    Similar Nearby for Lease

    • $9,688 /Mo
      15,000 SF

      Sebring Commercial Space on US-27

      15,000 SF commercial space with highway frontage on US-27.
      3750 Hwy N, Sebring, FL 33870
      View Details
    • $132 SF/Yr
      1,790 SF

      Sebring Hwy 27 Commercial Space

      Prime Sebring location, high traffic, versatile space.
      2029 U S Highway 27, 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
    • $12 SF/Yr
      8,450 SF

      3324 COMMERCE CENTER LANE SEBRING FL 33870

      Medical Office Space • 8,450 SF
      3324 Commerce Center Ln, Sebring, FL 33870
      View Details
    • $2,000 /Mo
      2,601 SF

      Versatile Commercial Space in Sebring

      2,601 sq ft commercial space in Sebring, Florida.
      971 State Road 17 N, Sebring, FL 33870
      View Details
    • $2,538 /Mo
      2,175 SF

      Retail Space in Fairmount Plaza

      2,175 SF retail space in Sebring, FL for lease.
      3750 N Us-27 Hwy N, 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.
    202 Cir Park Dr
    Sebring, FL 33870-3303
    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.
    Sign Up Successful!
    You now have access to more from Realmo!