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Property profile & analytics

605 Overlook Dr Winter Haven, FL 33884-1679

  • Retail space
  • 2,485 SF
  • 0.69 lot acres
OFF-MARKET
Last Sale
Nov 07, 2022
$520,000
Value Estimations
$400,000
Show details
Cap Rate Potential
6.9%
Retail space
Location Intelligence
Property ID
US18-5479396
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

  • 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

based on Realmo’s proprietary methodology
  • 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

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


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

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
$6,476
$66,899
$298,028
$364,927
-
$66,899
$298,028
$364,927
More about this property
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