Sign Up Successful!
You now have access to more from Realmo!
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

    3341 U S Highway 27 Sebring, FL 33870

    • Retail space
    • 3,440 SF
    • 1.38 lot acres
    For Sale
    View listing
    $1,499,900
    Last Sale
    Apr 29, 2024
    $735,000
    Value Estimations
    Cap Rate Potential
    4.4%
    Retail space
    Location Intelligence
    Property ID
    US18-3485246
    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

    • Retail space

    Property Details for 3341 U S Highway 27

    Year built
    1991
    Construction
    CONCRETE BLOCKS
    Lot size
    1.38 lot acres
    Property size
    3,440 SF
    Zone code
    C1
    Property type
    Retail space
    APN
    S-05-35-29-A00-0031-0000
    APU
    S053529A0000310000

    Description

    This exceptional mixed-use property, located at 3341 US Highway 27 S in Sebring, Florida, presents a compelling investment opportunity. The 5,156 square foot building features a prime retail space exceeding 4,000 square feet, complete with a convenient drive-thru. Situated on a 1.38-acre lot, this property boasts unparalleled visibility and accessibility, benefiting from its strategic location alongside established businesses such as Dairy Queen, Captain D's, Arby's, and WaWa. The high-traffic location on US Highway 27 sees an average daily traffic count of 31,000 vehicles, ensuring significant exposure for any business operating within the space. The existing building offers immediate income potential, with the possibility of leasing for up to $46 per square foot. However, the property also presents substantial upside potential. The current structure can be expanded, and modernized with updated parapets, to accommodate additional tenants or a larger single tenant. This allows for long-term profit generation through leasing, followed by a sale once depreciation has been fully realized. This property is ideal for investors seeking a strong return on investment in a high-demand location. The combination of existing income potential and significant expansion opportunities makes this a truly unique and attractive investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $735,000
      ML approach
      $735,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $540,000
      6.5%
      $495,000
      7%
      $460,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $975,000
      Market price range: $289k - $1.14M
      AI Estimate
      $633,000
      Market price range: $212k - $650k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $675,000
      Current use
      WAREHOUSE, STORAGE
      $755,000
      Change: +12% Conversion: Difficult
      MEDICAL BUILDING
      $565,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Sebring
    County
    Highlands
    State
    Florida
    Longitude
    -81.4398
    Latitude
    27.4681
    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
    $11,109
    $291,600
    $350,627
    $642,227
    -
    $291,600
    $350,627
    $642,227

    Comparable in this City

    • Value Estimation
      $210,000
      1,106 SF

      501 Martin Luther King Jr Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,106 SF
      501 Martin Luther King Jr Blvd, Sebring, FL 33870-3434
      View Details
    • Value Estimation
      $270,000
      720 SF

      777 Lemon Ave

      RETAIL STORES (PERSONAL SERVICES) • 720 SF
      777 Lemon Ave, Sebring, FL 33870-6918
      View Details
    • Value Estimation by Request
      3,267 SF

      1131 Us-27

      Individual retail properties • 3,267 SF
      1131 Us-27, Sebring, FL 33870
      View Details
    • Value Estimation
      $435,000
      7,918 SF

      79 Lunsford Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,918 SF
      79 Lunsford Rd, Sebring, FL 33870-5707
      View Details
    • Value Estimation
      $305,000
      951 SF

      913 State Rd 17th N

      RETAIL STORES (PERSONAL SERVICES) • 951 SF
      913 State Rd 17th N, Sebring, FL 33870-3062
      View Details
    • Value Estimation
      $460,000
      3,697 SF

      3665 Us Hwy 27th N

      RETAIL STORES (PERSONAL SERVICES) • 3,697 SF
      3665 Us Hwy 27th N, Sebring, FL 33870-1642
      View Details

    Similar Nearby for Sale

    • $235,000
      0.17 Acres

      Downtown Sebring Commercial Building For Sale

      Commercial building in downtown Sebring, ideal for various business uses.
      351 S Commerce Ave, Sebring, FL 33870
      View Details
    • $399,000
      0.17 Acres

      Sebring Commercial Building with C1 Zoning

      Commercial building in downtown Sebring with C1 zoning and rental cottage.
      343 S Commerce Ave, Sebring, FL 33870
      View Details
    • $240,000
      0.01 Acres

      Retail Space in Fairmont Plaza

      2175 SF retail space with parking, tenant can vacate.
      3750 Us-27 Hwy N, Sebring, FL 33870
      View Details
    • $3,000,000
      1.54 Acres

      Retail and Warehouse Space on US-27

      21,000+ sqft retail/warehouse on 1.54 acres with high visibility.
      4230 Us 27 Hwy, Sebring, FL 33870
      View Details
    • Contact for pricing
      4.24 Acres

      Retail Space in Sebring Plaza

      Retail space available in a busy Sebring shopping center.
      3220 Us 27 Hwy South, Sebring, FL 33870
      View Details
    • $1,499,900

      Prime Retail Building with Drive-Thru

      4,000+-SF retail building with drive-thru on 1.3 acres.
      3341 U S Highway 27 S, Sebring, FL 33870
      View Details

    Similar Nearby for Lease

    • 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
    • $237,600

      Retail Space Available For Rent

      Retail space available for lease.
      2237 U S Highway 27 S, Sebring, FL 33870
      View Details
    • $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
      View Details
    • $7,083 /Mo
      67,082 SF

      Prime Commercial Parcel on US-27

      1.54-acre commercial parcel with high visibility on US Highway 27.
      2040 U S Highway 27 N, Sebring, FL 33870
      View Details
    • $2,100 /Mo
      1,008 SF

      Sebring Restaurant Space For Rent

      Restaurant space with outdoor seating and stage in Sebring.
      3229 Kenilworth Blvd, Sebring, FL 33870
      View Details
    • $104 SF/Yr
      1,290 SF

      Sebring Retail Space - US Hwy 27

      High-traffic retail space, excellent visibility.
      4141 U S Highway 27, 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.
    3341 U S Highway 27
    Sebring, FL 33870
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.