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    2023 Us Hwy 27th N Sebring, FL 33870-1860

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    2023 Us Hwy 27th N Sebring, FL 33870-1860

    View on Map
    • Automotive properties
    • 4,500 SF
    • 0.48 lot acres
    Off-Market
    Property ID
    US18-4111882
    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
    $650,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Alan Jay Automotive Network / Car Dealership
    • Creative Printing / Marketing & Advertising / Printing Service

    Property Details for 2023 Us Hwy 27th N

    Year built
    1982
    Construction
    FRAME
    Lot size
    0.48 lot acres
    Property size
    4,500 SF
    Zone code
    B3
    Property type
    Automotive properties
    APN
    S-23-34-28-050-0010-0050
    APU
    S23342805000100050

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $617,000
      Market price range: $275k - $618k
      AI Estimate
      $682,000
      Market price range: $343k - $786k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $500,000
      Current use
      WAREHOUSE, STORAGE
      $985,000
      Change: +97% Conversion: Easy
      RETAIL STORES
      $880,000
      Change: +76% Conversion: Difficult
      MEDICAL BUILDING
      $740,000
      Change: +48% Conversion: Difficult
      OFFICE BUILDING
      $670,000
      Change: +34% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $485,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Sebring
    County
    Highlands
    State
    Florida
    Longitude
    -81.4907
    Latitude
    27.5012
    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
    $8,217
    $137,700
    $268,902
    $406,602
    -
    $137,700
    $268,902
    $406,602

    Comparable in this City

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      VEHICLE SALES, RENTALS • 5,130 SF
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      212 Ridgewood Dr

      VEHICLE SALES, RENTALS • 3,296 SF
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    • Value Estimation by Request
      2,352 SF

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      VEHICLE SALES, RENTALS • 2,352 SF
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    • Value Estimation by Request
      2,258 SF

      4300 Kenilworth Blvd

      VEHICLE SALES, RENTALS • 2,258 SF
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    • Value Estimation by Request
      1,950 SF

      1023 Hawthorne Dr

      VEHICLE SALES, RENTALS • 1,950 SF
      1023 Hawthorne Dr, Sebring, FL 33870-2939
      View Details

    Similar Nearby for Sale

    • $689,000

      Historic Automotive Building on Corner

      High-visibility corner lot, operating as automotive body shop.
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    • $200,000
      1,178 SF

      Sebring Corner Lot Commercial Property

      Corner lot commercial property with strong visibility and accessibility.
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    • $6,950,000

      Gas Station, Car Wash, C-Store

      NNN lease with 18 years remaining, rental increases.
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    • $210,000
      855 SF

      Revitalized Auto Shop in Sebring

      Commercial building with fenced yard in revitalized downtown Sebring.
      712 N Ridgewood Dr, Sebring, FL 33870
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    • $200,000
      0.19 Acres

      Sebring Corner Lot Commercial Property

      Corner lot commercial property with strong visibility and accessibility.
      3603 Kenilworth Blvd, Sebring, FL 33870
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr

      Functional Commercial Space on Kenilworth

      1,152 SF commercial building with high visibility.
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    • $3 SF/Yr

      Kenilworth Boulevard Commercial Lease Opportunity

      Commercial space near Downtown Sebring with high visibility and accessibility.
      2914-A Kenilworth Blvd, Sebring, FL 33870
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    • $1,200 /Mo
      1,653 SF

      Retail Building Near Downtown Sebring

      Commercial space for lease near downtown Sebring, Florida.
      939 State Road 17 N, Sebring, FL 33870
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    • $15 SF/Yr
      1,000 SF

      Retail Space in Sebring Heart

      End-cap retail space with high visibility and easy access.
      3303 Kenilworth Blvd, Sebring, FL 33870
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    • $9,688 /Mo
      15,000 SF

      Sebring Commercial Space on US-27

      15,000 SF commercial space with highway frontage on US-27.
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      View Details
    • Contact for pricing

      Sebring Commercial Warehouse For Rent

      15,277 SF warehouse on 1.64± acres in Sebring, FL.
      2920 Alt Us Hwy 27 South, Sebring, FL 33870
      View Details

    Property Visit Statistics

    • Visits by month
      2.2k
    • Visitors by month
      1.5k
    • Avg Time on site
      25 min
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    Sebring, FL 33870-1860
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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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