Industrial Warehouse with I-4
For Sale
Contact for pricing
1022 County Line Road, Lakeland, FL 33815
Industrial warehouse offering direct corridor access to I-4 and proximity to Lakeland Linder International Airport.
Property Size21,901 SF
Price / SF$146.11
Days on Market132
Property Features for 1022 County Line Road
General Information
Standard status
Active
Size
21,901 SF
Class
C
Property subtype
Industrial
Zoning
Commercial Industrial
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1986
Listing Agency:
Realty Companies
Listed By:
Ben Dikman · License #SL3098554
Source:
Crexi
Added: Apr 27
Changed: Aug 31
Last Checked: Sep 4 at 6:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Companies
Investment Insights
Based on property information with market context.
Industrial warehouse located on County Line Road in Lakeland, Florida, positioned to serve regional distribution and industrial users. The property is described as providing nearly immediate access to Interstate 4 (I-4), connecting Tampa and Orlando metropolitan areas.
The public remarks also note proximity to Lakeland Linder International Airport and major nearby distribution neighbors, including Amazon, Publix, and Walmart. The facility is presented as an owner-user opportunity for businesses seeking an efficient logistics hub in Florida’s logistics corridor.
The public remarks also note proximity to Lakeland Linder International Airport and major nearby distribution neighbors, including Amazon, Publix, and Walmart. The facility is presented as an owner-user opportunity for businesses seeking an efficient logistics hub in Florida’s logistics corridor.
Key Highlights
- Industrial warehouse built in 1986 on County Line Road
- Nearly immediate access to Interstate 4 (I‑4) for Tampa and Orlando connectivity
- Located in Lakeland, Florida
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
$126,868
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
3.96%
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%
$2,537,360
$2.5M
Cap Rate 7%
$1,812,400
$1.8M
Cap Rate 9%
$1,409,644
$1.4M
Market Conditions
NOI Build-Up for 21,901 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
$162.9K $7.44/SF
− Vacancy
−$13.7K −$0.62/SF
EGI
$149.3K $6.82/SF
− OpEx
−$22.4K −$1.02/SF
NOI
$126.9K $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%
$2,537,360
Cap Rate 7%
$1,812,400
Cap Rate 9%
$1,409,644
Alternative Uses
Best Use
Warehouse
$1.81M
$1.59M – $2.11M
NOI $126,868 @ 7.0% cap · market cap 3.96%
Second Best
Industrial
$1.49M
$1.31M – $1.74M
NOI $104,479 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$5.26M
$4.61M – $6.14M
NOI $368,410 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33815, FL
15,681
Population
7,646
Households
2.1
Avg Household Size
40
Median Age
11%
College-Educated
80%
High-School Grad
7.4 sq mi
ZIP Area
2,119
Density / Sq Mi
$36,445
Median Household Income
$32,637
Median Earnings
$1,078
Median Rent
$42,700
Median Home Value
Market
Vacancy Rate% for Industrial in Lakeland, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse offering direct corridor access to I-4 and proximity to Lakeland Linder International Airport.
Where is this warehouse located?
The property is located at 1022 County Line Road Lakeland, FL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Industrial warehouse built in 1986 on County Line Road; Nearly immediate access to Interstate 4 (I‑4) for Tampa and Orlando connectivity; Located in Lakeland, Florida
