605 Overlook DrWinter Haven, FL 33884

Property Details for 605 Overlook Dr

Year built

1987

Lot size

0.69 AC

Property size (Sq ft)

2,485 SF

Zone code

C-2

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,067,630

  6.5%

  $985,504

  7%

  $915,111

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,283,770

  Geo Method

  $983,353

• Alternative Use

  Use

  Valuation

  Residential

  $831,310

  Hospitality

  $761,475

  Educational

  $633,538

  Medical

  $655,327

  Retail

  $985,504

Location Insight

City

Winter Haven

County

Polk

State

Florida

Latitude

28.0094

Longitude

-81.6813

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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