Property profile

702 Ridgewood Dr Sebring, FL 33870

OFF-MARKET
Other warehouses
Property ID
US18-7617225
3,480 SF 0.36 ac lot Built 1949
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

A historic commercial building located on a high-visibility corner lot on Ridgewood Drive, approximately one block from Sebring Parkway, in the heart of Sebring. The property totals a little over 5,300 square feet and includes separate offices and customer/service areas, with additional storage space. The front office is served by a 2-ton air conditioning unit. The automotive service shop is equipped with a Gray Manufacturing AL-90 9,000-lb two-post lift, a Blackhawk Power Pro-1000 frame machine, a paint mixing room with fire suppression, and two 250-gallon air compressors. Vehicle access is provided by two 12x18 aluminum rolling doors. The roof is approximately 7 years old and the electrical system was updated approximately 8 years ago. The site includes 2.17 acres of vacant land and an additional 2.36 acres at 843 Grapefruit Ave, providing room for expansion or alternative development uses subject to applicable zoning and approvals.

Property profile

Verified
Property type Other warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1949
Construction FRAME
Total area 3,480 SF
Lot 0.36 ac (15,800 SF)
Zoning code C1
APN S-29-34-29-070-0050-0051
UPID US18-7617225

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Building Supply General Contractor

Location

702 Ridgewood Dr Sebring, FL 33870-7215
Sebring metro Census 960800 SEBRING, FL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

Zoning & alternative use

C1 · Sebring, FL
Zoning description

The purpose of this district is offices, including medical, dental, legal, scientific, engineering, fine arts and literary offices

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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