Industrial Warehouse
For Sale
$799,000
1014 N Brunnell Parkway, Lakeland, FL 33805
Commercial Sale, Lakeland, FL
Property Size4,000 SF
Lot Size0.36 Acres
Price / SF$199.75
Days on Market273
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
(813) 803-0337
Added: Dec 8, 2025
Changed: Aug 23
Last Checked: Sep 7 at 2:06PM
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 industrial warehouse property contains 4,000 square feet on a 0.36-acre site. The building was constructed in 1979 and is located at 1014 N Brunnell Parkway in Lakeland, Florida.
The property is positioned in Polk County within the 33805 ZIP code, providing a defined commercial location for warehouse use.
The property is positioned in Polk County within the 33805 ZIP code, providing a defined commercial location for warehouse use.
Key Highlights
- 4,000‑square‑foot industrial warehouse
- 0.36‑acre commercial site
- Constructed in 1979
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse property at a Lakeland commercial address.
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: 4,000‑square‑foot industrial warehouse; 0.36‑acre commercial site; Constructed in 1979
