Property profile

215 N Scenic Hwy Frostproof, FL 33843

FOR SALE
Office buildings
Property ID
US18-5448254
2,900 SF 0.18 ac lot Built 1980
Individually Owned 23-yr Hold Free & Clear
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Property summary

AI-generated overview

The property consists of two buildings under one roof with a total of six units, located in a downtown area with frontage on Scenic Highway. A concrete block building of 612 square feet includes a front lobby, two private offices, and a bathroom, configured for office use. A separate metal building contains 2,900 square feet divided into five spaces; each space is served by its own handicap/unisex restroom, individual power and water meters, and heating and cooling through wall-mounted units. The site includes multiple parking spaces along Scenic Highway, rear parking with designated handicap spaces, and an outdoor courtyard. Utilities including electricity, city water, and city sewer are available to each rental unit. The buildings were brought up to code in 2013, with additional updates completed in 2022. The land use designation is Commercial General Land Use, supporting a range of business uses such as business offices, medical facilities, clinics, fitness centers, child care, adult day care, assisted living, and florists. The total property size is 3,512 square feet.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Total area 2,900 SF
Lot 0.18 ac (7,863 SF)
APN 283132968200004013
UPID US18-5448254

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Nail Salon
  • Nail Salon

Location

215 N Scenic Hwy Frostproof, FL 33843
Frostproof metro Census 15701 LAKELAND, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
$585k
Comparable Approach Comparable
$711k
Blend (final) Blend
$365k

Owner & transaction history

since 2002
1 recorded transaction
2002
$20,000

Zoning & alternative use

Top alternative use upside
Medical building $895,000 +25.5%
Commercial (general) $820,000 +14.9%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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