2020 Flamingo DrBartow, FL 33830

Property Details for 2020 Flamingo Dr

Year built

1958

Lot size

0.95 AC

Property size (Sq ft)

6,444 SF

Property type

Medical offices

Property subtype

Medical centers

APN

253004364500008090

APU

253004364500008090

Description

This exceptional Class A, single-tenant medical office building, totaling 6,381 square feet, presents a unique owner-user opportunity in Bartow, Florida. Located at 2020 Flamingo Drive, 33830, this property boasts a prime location less than 2.5 miles from Bartow Regional Medical Center and other medical facilities. Built in 1980 and extensively renovated in 2012, the building features a new roof to be installed upon occupancy. The well-designed layout includes nine exam rooms with sinks, five private offices, blood laboratories, two nurse stations, a large waiting area, break rooms, a spacious training room, four restrooms, and two storage rooms. The 0.95-acre lot provides ample parking with 25 spaces. The property is zoned for commercial use and offers flexibility for various medical practices, including dentistry and general medical practitioners. Alternative uses such as a charter school, daycare, or legal/insurance offices may also be considered. A Matterport layout is available showcasing a proposed single or two-tenant configuration. This is a rare opportunity to acquire a high-quality, well-maintained medical office building in a thriving medical corridor. The sales price is negotiable.

• CAP approach

  CAP return

  Valuation

  6%

  $2,134,470

  6.5%

  $1,970,280

  7%

  $1,829,550

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,321,040

  Geo Method

  $1,176,870

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,732,750

  Retail / Commercial

  $1,942,770

  Mixed-Use / Specialty

  $1,958,410

  Hospitality / Lodging

  $1,466,200

  Institutional / Educational

  $2,044,020

  Residential Income

  $2,391,510

  Multifamily

  $2,743,150

  Automotive / Energy

  $1,752,020

  Parking / Income-Based Land

  $582,307

  Restaurant / Food Service

  $1,066,740

  Healthcare / Senior Housing

  $1,985,170

Location Insight

City

Bartow

County

Polk

State

Florida

Latitude

27.8983

Longitude

-81.8246

CBSA code

29460

CBSA name

LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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