Property profile

212 1st S St Winter Haven, FL 33880

OFF-MARKET
Office buildings
Property ID
US18-4167959
1,428 SF 0.15 ac lot Built 1941
Entity Owned 21-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity in Winter Haven, Florida, comprises three buildings totaling 3,446 square feet on a 0.45-acre lot. Two commercial buildings, located at 212 and 210 1st Street South, benefit from a high-traffic location with approximately 30,000 vehicles passing daily. Both boast grandfathered lighted signage, ensuring excellent visibility. The 1st Street buildings offer flexible office layouts, including kitchens and bathrooms; one includes a conference room. Office furniture is included in the sale. The third building, a 1,080-square-foot residential property at 121 Bates Avenue SE, presents rental income potential or redevelopment opportunities. Built between 1941 and 1945, the properties are zoned C-3 and R-3, allowing for diverse uses. Parking for 6-8 vehicles is available. This portfolio offers a unique blend of commercial and residential potential in a prime location, providing significant investment upside. The properties are situated in Polk County, Florida, and offer a rare opportunity to acquire a well-positioned multi-building portfolio in a thriving area. The combined square footage of the commercial spaces is 2,366 square feet. The residential building offers two bedrooms and one bathroom. This is a turnkey opportunity for an investor seeking a diverse portfolio with immediate income potential and future growth prospects.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1941
Total area 1,428 SF
Lot 0.15 ac (6,713 SF)
APN 262828607000001112
UPID US18-4167959

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

212 1st S St Winter Haven, FL 33880-3203
Winter Haven metro Census 13702 LAKELAND, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$455k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$400k

Owner & transaction history

since 2005
1 recorded transaction
2005
$450,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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