5151 Lakeland DrLakeland, FL 33813

Property Details for 5151 Lakeland Dr

Year built

2006

Lot size

0.16 AC

Property size (Sq ft)

5,090 SF

Property type

Office buildings

APN

232912140167000050

APU

232912140167000050

Description

This single-story, 5,000 square foot office building in Lakeland, Florida, offers a fantastic opportunity for businesses seeking a strategic location. Built in 1989, this Class C property features three suites, with one 2,500 square foot suite currently available for lease. The building is situated on a 0.03-acre lot at 5151 S Lakeland Dr, Lakeland, FL 33813, in Polk County (APN: 232912140167000020). Its location near South Florida Avenue, a major thoroughfare with approximately 41,000 cars passing daily, ensures high visibility and accessibility for clients. The property boasts ample parking, including spaces directly in front of the building and in an adjacent lot. The building is suitable for traditional or creative office uses and provides convenient access for businesses seeking minimal foot traffic. Utilities are available. This is an exceptional opportunity to establish or expand your business in a high-traffic area with excellent visibility and ample parking.

• CAP approach

  CAP return

  Valuation

  6%

  $1,050,848

  6.5%

  $970,014

  7%

  $900,727

• Comparable approach

  Method

  Valuation

  Relative Method

  $929,587

  Geo Method

  $929,587

• Alternative Use

  Use

  Valuation

  Residential

  $1,202,817

  Hospitality

  $1,101,774

  Educational

  $916,663

  Medical

  $948,189

  Retail

  $1,425,920

Location Insight

City

Lakeland

County

Polk

State

Florida

Latitude

27.9725

Longitude

-81.9638

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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