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Property profile & analytics
FOR LEASE
Commercial land

306 10th St Haines City, FL 33844-5602

20,606 SF 0.39 ac lot Built 1966
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US18-5480272
Property summary
AI-generated overview

This exceptional Haines City, Florida medical office building presents a unique investment opportunity. The single-story, 20,606 square foot building, constructed in 1965 and renovated in 2018, sits on a 2.3-acre lot. Currently classified as Class B, the property boasts seven suites, with one suite totaling 1,940 square feet currently vacant. The building's existing tenants provide a diverse range of medical services, including primary care, pediatrics, mental health, and chiropractic care. The United States Department of Agriculture (USDA) is also a tenant. The property's address is 306 S 10th St, Haines City, FL 33844, located in Polk County. The property's APN is 272729783300000010 & 272729783000082010. This presents a strong opportunity for expansion or establishment of a medical practice within an established and diverse medical center. The building's location and existing tenant mix offer immediate access to a substantial patient base. The available space provides flexibility for a variety of medical or office uses. This is a rare opportunity to acquire a well-maintained, established medical office building in a growing Florida market.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1966
Total area 20,606 SF
Lot 0.39 ac (16,788 SF)
Zoning code RIO
APN 272729783000082010
UPID US18-5480272
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.89M
CAP Approach CAP
$3.57M
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.17M
Owner & transaction history
Building Business Group LLC · 3 yrs held
Building Business Group LLC
since 2023
Last sale
$3.8M
4 recorded transactions
2023
$3.8M
2009
Price N/A
2009
Price N/A
2005
Price N/A
Zoning & alternative use
RIO · Haines City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

These districts are intended for institutional, office, multiple family residential, cultural, and allied uses. Erection of new one and tw0 family dwellings is not permitted as being out of character with the intent of the district.

Zone name Residential Institutional And Office
General category CIVIC_INSTITUTIONAL
Zone area 293.91 ac
Source Realmo
Top alternative use upside
Office building $6.7M +14.7%
Medical building $6.4M +9.2%
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