4237 Pipkin RdLakeland, FL 33811

Property Details for 4237 Pipkin Rd

Year built

2008

Lot size

2.02 AC

Property size (Sq ft)

10,808 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

232903139563000094

APU

232903139563000094

Description

This exceptional 10,618-square-foot Class A medical office building, constructed in 2008 and renovated the same year, is situated on a 2.02-acre lot in Lakeland, Florida's Polk County submarket. The single-story building boasts a 16-foot ceiling height and features a thoughtfully designed layout perfect for medical practices. The space includes a large waiting and reception area, numerous exam rooms equipped with sinks, staff offices, conference rooms, and audiology labs. The building's exterior is block/stucco with a sloped flat roof and mature landscaping. Ample parking is provided with 80 spaces, exceeding a 7:1000 parking ratio. Utilities are supplied by Lakeland Electric. The property is ideally located in the Parkway Corporate Center, offering convenient access to Lakeland Linder Regional Airport, the Polk Parkway, and major thoroughfares. Nearby amenities include Lakeside Village, offering diverse dining options. The property's location within Lakeland provides easy access to the city's hub, approximately a 15-minute drive away. Lakeland's strategic location along I-4, approximately 35 miles east of Tampa and 55 miles southwest of Orlando, benefits from positive job growth and a lower cost of living compared to other I-4 corridor areas. The property's location within a 100-mile radius encompassing over 10 million people contributes to the area's exponential growth. While this listing focuses on the single 10,618 SF building (APN: 23-29-03-139563-000094), it's important to note that the property can be combined with the adjacent almost identical building at 4231 S. Pipkin Road to create a larger, two-building campus totaling approximately 21,236 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $2,231,350

  6.5%

  $2,059,707

  7%

  $1,912,585

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,973,865

  Geo Method

  $1,973,865

• Alternative Use

  Use

  Valuation

  Residential

  $2,554,037

  Hospitality

  $2,339,484

  Educational

  $1,946,424

  Medical

  $2,013,364

  Retail

  $3,027,770

Location Insight

City

Lakeland

County

Polk

State

Florida

Latitude

27.9876

Longitude

-81.9972

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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