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    55 College Dr, Unit 1 Avon Park, FL 33825-9772

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    55 College Dr, Unit 1 Avon Park, FL 33825-9772

    View on Map
    • Assisted living facilities
    • 3,574 SF
    • 15.47 lot acres
    Off-Market
    Property ID
    US18-5554760
    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.
    Value Estimations
    $830,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Assisted living facilities

    Property Details for 55 College Dr

    Year built
    1984
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    15.47 lot acres
    Property size
    3,574 SF
    Zone code
    P
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    C-34-33-28-030-0420-0220
    APU
    C34332803004200220

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Avon Park
    County
    Highlands
    State
    Florida
    Longitude
    -81.5001
    Latitude
    27.5677
    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
    $0.00
    $100,555
    $1,714,083
    $1,814,638
    -
    $100,555
    $1,714,083
    $1,814,638

    Comparable in this City

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      10,200 SF

      100 College Dr

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    • Value Estimation
      $7,050,000
      38,744 SF

      1010 Us Hwy 27th N

      HOMES (RETIRED, NURSING) • 38,744 SF
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    • Value Estimation
      $3,945,000
      20,421 SF

      1213 Stratford Rd

      HOMES (RETIRED, NURSING) • 20,421 SF
      1213 Stratford Rd, Avon Park, FL 33825-8091
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    • Value Estimation by Request
      967 SF

      747 Carey Ln

      HOMES (RETIRED, NURSING) • 967 SF
      747 Carey Ln, Avon Park, FL 33825-2378
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      10,263 SF

      598 Us Hwy 27th N

      MEDICAL BUILDING • 10,263 SF
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      2,604 SF

      1005 Cir St

      MEDICAL BUILDING • 2,604 SF
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    Similar Nearby for Sale

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      0.18 Acres

      Vacant Land in Avon Park

      Expansive vacant land parcel in Avon Park, Florida.
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      0.18 Acres

      Residential Land in Avon Park

      Vacant lot ready for single-family residential construction, no HOA.
      354 N Macedonia Rd, Avon Park, FL 33825
      View Details
    • $50,000
      1.98 Acres

      Spacious Vacant Lot in Avon Park

      Vacant lot zoned for single-family home near amenities.
      1203 Harrisburg Rd, Avon Park, FL 33825
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    • Contact for pricing
      19,262 SF

      Aviation Industrial Facility with Runway Access

      Aircraft refurbishment facility with direct taxiway and runway access.
      1311 Aviation Way, Avon Park, FL 33825
      View Details

    Similar Nearby for Lease

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      1,480 SF

      Versatile Commercial Space, Avon Park

      1480 SF commercial space suitable for various business ventures.
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      Restaurant Space on US Highway

      5,400 SF restaurant space with excellent highway access.
      802 Us Highway 27 S, Avon Park, FL 33825
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    • $1,954 /Mo
      1,675 SF

      Avon Park Commercial Unit For Rent

      Corner lot commercial unit with high visibility on U.S. Hwy 27.
      1659 Us Highway 27 N, Avon Park, FL 33825
      View Details
    • Contact for pricing
      1,450 SF

      Retail Space on US Hwy 27

      26,991 SF retail space with highway frontage for lease.
      802-828 Us Highway 27 S, Avon Park, FL 33825
      View Details
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    Avon Park, FL 33825-9772
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    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
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