Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3415 E County Road 542 Lakeland, FL 33801

    Sponsored
    For Sale
    Pending
    $695,000

    Restaurant - LAKELAND, FL

    Property size:
    4,253 SF
    Lot size:
    0.77 Acres
    Days on Market:
    9
    Last Refresh:
    Feb 21 at 11:06 am

    Property Features for 3415 E County Road 542

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    C-3
    APN
    24-28-14-000000-044040
    Size
    4,253 SF
    Lot size
    0.77 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1978
    Building materials
    Block
    Architectural style
    Other

    We can help!

    Listing Contact
    Luis Amoretti

    Star Bay Realty Corp (813) 533-6467

    Listing agent Luis Amoretti (813) 533-6467 License #3243614

    Listing date Feb 13, 2026

    MLS# TB8429571 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Lakeland Restaurant Opportunity For Sale

    This is an opportunity to acquire a fully operational, income-producing restaurant, complete with the building, land, and equipment, situated in a high-exposure area of Lakeland, Florida. The property, zoned C-3, is suitable for restaurants, retail properties, and turn-key restaurant operations. The site spans 0.77 acres and includes a 4,253 square foot building. The property includes all necessary facilities, offering a seamless transition for the new owner. This prime commercial investment is located in Polk County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    M & ? Rumbas sport ... Bar & Pub Jaimor Investments d/b/a ... Restaurant M&M Rumba's Sports ... Bar & Pub Lechonera rumba Restaurant

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.890729
    Latitude
    28.044177

    Nearby Similar for Sale

    • $1,500,000
      3,192 SF

      Turnkey Restaurant and Bakery Opportunity

      Restaurant and bakery in Lakeland, ready for immediate re-opening.
      830 E Main St, Lakeland, FL 33801
      View Details
    • $1,390,000
      8,348 SF

      Lakeland Multifamily Investment Opportunity

      Renovated 12-unit apartment building in Lake Morton Historic District.
      915 E Palmetto St, Lakeland, FL 33801
      View Details
    • $690,000
      3,520 SF

      Lakeland Quadruplex Investment Opportunity

      Four spacious units in a rapidly growing Lakeland corridor.
      6024 Norton Rd, Lakeland, FL 33809
      View Details
    • $324,900
      Pending

      Lakeland Duplex on Corner Lot

      Well-maintained duplex with updated systems and income potential.
      4602 Sandy Ln, Lakeland, FL 33813
      View Details
    • $439,900
      2,050 SF

      Lakeland Duplex with Income Potential

      South Lakeland duplex ideal for investors or owner-occupants.
      704 W Alamo Dr, Lakeland, FL 33813
      View Details
    • $339,000
      Pending

      Lakeland Duplex with Tenant Occupancy

      Two-unit duplex in Lakeland, fully occupied with long-term leases.
      905 Marietta St, Lakeland, FL 33803
      View Details
    • $309,000
      1,820 SF

      Updated Duplex in Lakeland, FL

      Two-unit duplex with recent updates, ideal for investors or owner-occupants.
      2493 Chestnut Woods Dr, Lakeland, FL 33815
      View Details
    • $450,000
      1,177 SF

      Remodeled Restaurant Space in Lakeland

      Turnkey restaurant space with indoor and outdoor seating in Lakeland.
      1349 N Combee Rd, Lakeland, FL 33801
      View Details
    • $359,000
      1,620 SF

      Lakeland Duplex in Dixieland Area

      Duplex in desirable Dixieland, updated interiors, strong rental potential.
      219 Ariana St, Lakeland, FL 33803
      View Details
    • $2,500,000
      2,454 SF

      Lakeland Multifamily Development Opportunity

      Pre-construction multifamily development package in Lakeland, Florida.
      1205 Neville Ave, Lakeland, FL 33805
      View Details
    • $339,900
      Pending

      Retail Opportunity in South Lakeland

      High-visibility corner lot near Southgate Shopping Center.
      110 Easton Dr, Lakeland, FL 33803
      View Details
    • $829,000
      5,800 SF

      Warehouse and Office Space Available

      5,820 SF warehouse and office space in Lakeland, Florida.
      4459 Holden Rd, Lakeland, FL 33811
      View Details

    FAQs

    What type of property is this?
    Restaurant - Fully operational restaurant with building, land, and equipment in Lakeland.
    Where is this restaurant located?
    The property is located at 3415 E County Road 542 Lakeland, FL.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - Fully operational, income-producing restaurant for sale.; - Includes building, land, and all equipment.; - Located in a high-exposure area.
    (678) 698-0538
    Request Owner's contact information
    3415 E County Road 542 Lakeland, FL 33801
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3415 E County Road 542
    Lakeland, FL 33801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3415 E County Road 542 Lakeland, FL 33801
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Luis Amoretti
    Real Estate License ID: 3243614
    (678) 698-0538 (813) 533-6467 (678) 985-1055
    Learn more
    Google sign-in failed. Please try again or use another login method.