1605 W MEMORIAL BOULEVARD, Lakeland, FL 33815
- Added:
- Jan 13, 2025
- Days on Market:
- 513
- Last Refresh:
- Jun 10 at 9:06 am
Property Features for 1605 W MEMORIAL BOULEVARD
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- C-2
- Standard status
- Pending
- APN
- 23-28-11-033500-009010
- Size
- 2,910 SF
- Lot size
- 0.45 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2937.54
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1964
- Building materials
- Block
- Architectural style
- Other
Listing agent Earl Moore Jr. License #3314553 (813) 803-0337
Listing office LA ROSA REALTY LLC 1420 Celebration Blvd, Celebration, FL (321) 939-3748
Listing date Jan 13, 2025
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime commercial property in a high‑visibility corner location
- Features 2,910 sq. ft. of space suitable for various business opportunities
- Sits on a 0.5‑acre lot
- Located at 1605 W Memorial Blvd, Lakeland, FL
- Constructed of Block
- Central Air conditioning
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.6k | $17.40 |
| − Vacancy | −$3.9k | −$1.36 |
| EGI | $46.7k | $16.04 |
| − OpEx | −$14.0k | −$4.81 |
| NOI | $32.7k | $11.23 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lakeland
- County
- Polk
- State
- Florida
- Longitude
- -81.9319203
- Latitude
- 28.0527029
