605 Overlook Dr Winter Haven, FL 33884-1679
- Retail space
- 2,485 SF
- 0.69 lot acres
Nov 07, 2022
Current Use by Public Records
- Dr. B. D. Mahoney / Chiropractor
- Gary Humphrey / Chiropractor
Property Details for 605 Overlook Dr
- Year built
- 1987
- Lot size
- 0.69 lot acres
- Property size
- 2,485 SF
- Zone code
- C-2
- Property type
- Retail space
- APN
- 262835662500000226
- APU
- 262835662500000226
Description
This exceptional 1,350-square-foot office space in Winter Haven, Florida, is perfectly suited for a variety of businesses. Located at 605 Overlook Drive, 33884, this single-tenant property boasts a prime location with high visibility, experiencing over 14,000 cars passing daily. Recently renovated in 2023, the space features four private offices, a spacious lobby, a welcoming reception area, a convenient break room, and a restroom. The building's total square footage is 4,500 square feet. The property is a traditional office space, but its versatile layout also makes it ideal for medical, executive, creative, or coworking uses. Rent is $2,490 per month and includes water, electricity, trash removal, and ample parking. Tenant is responsible for repairs (estimated at $250 or less annually) and a 3% state sales tax, adding approximately $77.25 monthly. This is a fantastic opportunity to secure a well-appointed, all-inclusive office space in a high-traffic area of Winter Haven. No elevators are available in the building.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $405,000
- ML approach
- $775,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $465,000
- 6.5%
- $430,000
- 7%
- $400,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $325,000
Market price range: $192k - $325k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $490,000 Current use
- AUTO REPAIR, GARAGE
- $530,000 Change: +8% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $455,000 Change: -7% Conversion: Moderate
- WAREHOUSE, STORAGE
- $445,000 Change: -8% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Winter Haven
- County
- Polk
- State
- Florida
- Longitude
- -81.6813
- Latitude
- 28.0094
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN STATISTICAL AREA