Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Old Hwy 37 Lakeland, FL 33811

    View on Map
    Sponsored
    For Sale
    $995,000

    Land - LAKELAND, FL

    Lot size:
    20.39 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 30 at 12:06 pm

    Property Features for Old Hwy 37

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    23-29-23-000000-011170
    Lot size
    20.39 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Edward Dimotta PA
    Edward Dimotta PA

    LPT Realty, LLC.

    Listing agent Edward Dimotta PA License #3179993

    Listing date Mar 29, 2026

    MLS# TB8487658 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

    Overview

    Lakeland Land for Single-Family Homes

    This 20.39-acre property in Lakeland, Florida, is zoned for single-family homes, allowing one home per acre. The site is suitable for custom home builders. Its location offers convenient access to schools, shopping, and recreational lakes and parks.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.973231
    Latitude
    27.953215

    Nearby Similar for Sale

    • $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
    • $569,000
      980 SF

      Lakeland Commercial Property Investment Opportunity

      Prime commercial property near Florida Avenue in Lakeland, Florida.
      305 W Memorial Blvd, Lakeland, FL 33801
      View Details
    • $899,000
      Pending

      Lakeland Warehouse Ideal for Automotive

      Versatile 4,980 SF building on 0.51 acres in Lakeland.
      125 Complex Dr, Lakeland, FL 33801
      View Details
    • $150,000
      3,600 SF

      Established Smoke Shop in Lakeland

      Turn-key smoke shop in high-traffic Lakeland corridor for sale.
      2810 Florida Ave S, Lakeland, FL 33803
      View Details
    • New
      $125,000
      924 SF

      Updated Office Suite with Lake Views

      Updated office suite with functional layout, natural light, lake views.
      6700 S Florida Ave, Lakeland, FL 33813
      View Details
    • $750,000
      8,591 SF

      Lakeland Assembly Building For Sale

      Income-producing property with development potential in Lakeland, Florida.
      4626 S Pipkin Rd, Lakeland, FL 33811
      View Details
    • $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
    • $1,299,500
      Pending

      Lakeland Mixed-Use Office/Warehouse Property

      8,750 SF office/warehouse with flexible space in Lakeland, FL.
      1512 E Gary Rd, Lakeland, FL 33801
      View Details
    • New
      $577,000
      3,936 SF

      Lakeland Duplex Investment Opportunity

      Four apartments in two income-producing duplexes. Great investment opportunity!
      2228 Brandy Pl, Lakeland, FL 33803
      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
    • $699,000
      Pending

      Lakeland Multifamily Investment Opportunity

      Stabilized 8-unit multifamily property with development potential in Lakeland, Florida.
      1310 N Combee Rd, Lakeland, FL 33801
      View Details
    • $560,000
      Pending

      Lakeland Retail Opportunity For Sale

      2,910 sq ft retail space on 0.45 acres.
      1605 W Memorial Blvd, Lakeland, FL 33815
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 20.39 acres zoned for single-family homes near amenities.
    Where is this residential land & home lot located?
    The property is located at Old Hwy 37 Lakeland, FL.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Zoned for single-family homes (1 per acre).; - Perfect site for custom home builders.; - Convenient to nearby amenities including schools, shopping, and recreational lakes/parks.
    (863) 287-7272
    Request Owner's contact information
    Old Hwy 37 Lakeland, FL 33811
    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.
    Old Hwy 37
    Lakeland, FL 33811
    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
    Old Hwy 37 Lakeland, FL 33811
    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
    Edward Dimotta PA
    Edward Dimotta PA
    Real Estate License ID: 3179993
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!