Industrial Warehouse For
For Sale
$799,000
1014 N Brunnell Parkway, Lakeland, FL 33805
COMMERCIAL - Lakeland, FL
Property Size4,000 SF
Lot Size0.36 Acres
Price / SF$199.75
Days on Market251
Property Features for 1014 N Brunnell Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
33805 - Lakeland / Gibsonia
High school district
000000
Directions
(From) I-4 to Exit 28-Hwy 92. go E. 1/2 mile to N. Brunnell Pkwy. Turn North, see building immediately left . OR (From) Florida Ave to W. Memorial, go just past overpass, see Brunell Pkwy. on right. Across from Ford Dealership. See building on left.
Standard status
Active
APN
23-28-11-033500-009050
Size
4,000 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3098
Building Details
Year built
1979
Floors in Building
1
Listing Agency:
La Rosa Realty Llc
(321) 939-3748
Listed By:
Earl Moore Jr. · License #3314553
(321) 939-3748
Added: Dec 8, 2025
Changed: Aug 4
Last Checked: Aug 16 at 2:06AM
MLS# 11617018
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale industrial warehouse is offered as a compact logistics and storage option, with approximately 4,000 square feet of building area and a 0.36-acre lot. The listing materials describe it as a functional warehouse that emphasizes usable space and overall practicality for industrial users.
The property is located at 1014 N Brunnell Parkway in Lakeland, Florida 33805, within Polk County. No additional site details are provided, but the address positions the warehouse for industrial operators seeking a straightforward facility in the Lakeland area.
Because the information provided focuses on the warehouse configuration and available square footage, this property is best suited for tenants, buyers, or owner-operators looking for a manageable industrial footprint. It may align with businesses that require dedicated warehouse space rather than large-scale operations, leveraging the combination of building area and on-site land size indicated in the listing. Interested parties should review the property directly and confirm any operational needs, including layout and utilities, to ensure the space fits their intended use.
The property is located at 1014 N Brunnell Parkway in Lakeland, Florida 33805, within Polk County. No additional site details are provided, but the address positions the warehouse for industrial operators seeking a straightforward facility in the Lakeland area.
Because the information provided focuses on the warehouse configuration and available square footage, this property is best suited for tenants, buyers, or owner-operators looking for a manageable industrial footprint. It may align with businesses that require dedicated warehouse space rather than large-scale operations, leveraging the combination of building area and on-site land size indicated in the listing. Interested parties should review the property directly and confirm any operational needs, including layout and utilities, to ensure the space fits their intended use.
Key Highlights
- Industrial warehouse built in 1979
- Conveniently located (per public remarks)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,171
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$463,420
$463.4K
Cap Rate 7%
$331,014
$331.0K
Cap Rate 9%
$257,456
$257.5K
Market Conditions
NOI Build-Up for 4,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$29.8K $7.44/SF
− Vacancy
−$2.5K −$0.62/SF
EGI
$27.3K $6.82/SF
− OpEx
−$4.1K −$1.02/SF
NOI
$23.2K $5.79/SF
Area
Lakeland, FL
Vacancy
8.40%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$463,420
Cap Rate 7%
$331,014
Cap Rate 9%
$257,456
Alternative Uses
Best Use
Warehouse
$331.0K
$289.6K – $386.2K
NOI $23,171 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$961.2K
$841.1K – $1.12M
NOI $67,286 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33805, FL
26,954
Population
11,908
Households
2.3
Avg Household Size
36
Median Age
17%
College-Educated
82%
High-School Grad
26.0 sq mi
ZIP Area
1,037
Density / Sq Mi
$55,565
Median Household Income
$35,077
Median Earnings
$1,179
Median Rent
$173,800
Median Home Value
Market
Vacancy Rate% for Industrial in Lakeland, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- A-American Self Storage — 1019 Triangle St, Lakeland, FL 33805
- American Storage & RV Parking — 920 W 2nd St, Lakeland, FL 33805
- StoreRight Self Storage — 1120 Kathleen Rd, Lakeland, FL 33805
- Storage Zone Self Storage and Business Centers — 909 Munn Ave, Lakeland, FL 33815
Frequently Asked Questions
What type of property is this?
Warehouse - For-sale industrial warehouse offering 4,000 SF of space on a 0.36-acre lot in Lakeland.
Where is this warehouse located?
The property is located at 1014 N Brunnell Parkway Lakeland, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Industrial warehouse built in 1979; Conveniently located (per public remarks)
