5450 Commercial Blvd Winter Haven, FL 33880-1031
Property profile & analytics
5450 Commercial Blvd Winter Haven, FL 33880-1031
- Warehouses
- 15,447 SF
- 1.31 lot acres
Property ID
US18-1018073
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.
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 5450 Commercial Blvd
- Year built
- 2003
- Lot size
- 1.31 lot acres
- Property size
- 15,447 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 252823000000031080
- APU
- 252823000000031080
Description
This ±15,450 square foot warehouse, located at 5450 Commercial Blvd in Winter Haven, Florida (zip code 33880), presents a compelling investment opportunity. Built in 2003 and extensively renovated in 2023, the property sits on a 1.31-acre lot and boasts 13 grade-level loading docks. The warehouse features a desirable 14'-16' clear ceiling height, ample parking, and metal construction, ensuring durability and functionality. Current tenants operate under short-term leases at below-market rates, offering significant potential for increased net operating income (NOI) through lease restructuring or repositioning. The strong local market, characterized by low vacancy rates and high demand, further enhances the property's value. With limited new industrial development in the area, rental rates are exceeding metro averages. The surrounding 5-mile radius demonstrates robust demographics, including a population of 96,593 residents, an average household income of $63,354, and over $1.1 billion in consumer spending. The property's below-replacement cost further underscores its investment appeal, considering current high industrial development costs nearing $200 per square foot in comparable markets. This is a rare opportunity to acquire a high-quality, well-maintained industrial asset in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,035,000
- ML approach
- $3,090,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,500,000
- 6.5%
- $2,310,000
- 7%
- $2,145,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,650,000
- AI Estimate
- $1,504,000
Market price range: $1.30M - $4.97MMarket price range: $1.00M - $3.03M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $3,605,000 Current use
- RETAIL STORES
- $3,995,000 Change: +11% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $3,925,000 Change: +9% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $3,290,000 Change: -9% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Winter Haven
- County
- Polk
- State
- Florida
- Longitude
- -81.7856
- Latitude
- 28.0396
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN 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
$1,540
$122,640
$454,284
$576,924
-
$122,640
$454,284
$576,924
