2420 Crystal Lake DrLakeland, FL 33801

Property Details for 2420 Crystal Lake Dr

Year built

1959

Lot size

0.46 AC

Property size (Sq ft)

4,358 SF

Zone code

C-1

Property type

Office properties

Property subtype

Office buildings

APN

242821239500010090

APU

242821239500010090

Description

This exceptional investment opportunity presents two available office spaces totaling 160 square feet within the Golden Living Office Center, a beautifully renovated, turn-key executive office center in Lakeland, Florida. Located at 2420 N Crystal Lake Dr, 33801, this property boasts a highly competitive 9.67% cap rate and offers significant upside potential. The building, renovated in 2018, enjoys convenient access to Downtown Lakeland, Polk Parkway, US 92, US 98, and I-4 (via the parkway). Currently, only 28% of the building is under lease

• CAP approach

  CAP return

  Valuation

  6%

  $1,042,717

  6.5%

  $962,508

  7%

  $893,757

• Comparable approach

  Method

  Valuation

  Relative Method

  $834,799

  Geo Method

  $795,902

• Alternative Use

  Use

  Valuation

  Residential

  $1,193,510

  Hospitality

  $1,093,248

  Educational

  $909,570

  Medical

  $940,851

  Retail

  $1,414,886

Location Insight

City

Lakeland

County

Polk

State

Florida

Latitude

28.0284

Longitude

-81.9097

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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