Fenced Flex Property with
For Sale
Contact for pricing
1025 N Chestnut Rd, Lakeland, FL 33805
Two-building commercial compound combining office, warehouse, truck parking, and secured access near Interstate 4.
Property Size25,810 SF
Price / SF$164.66
Days on Market264
Property Features for 1025 N Chestnut Rd
General Information
Standard status
Active
Size
25,810 SF
Property subtype
INDUSTRIAL
Listing Agency:
Saunders Real Estate, LLC
(863) 581-0059
Listed By:
Craig Morby · License #BK620314
(863) 581-0059
Source:
Moodyscre
Added: Dec 8, 2025
Changed: Aug 29
Last Checked: Aug 29 at 3:37PM
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 Saunders Real Estate, LLC
Investment Insights
Based on property information with market context.
This 8-acre flex property includes two substantial buildings totaling 25,810 SF. The 14,560 SF office structure provides private offices, open cubicle areas, conference rooms, and four restrooms with multiple stalls. A separate 11,250 SF warehouse, constructed in 2014, contains 2,000 SF of office area, a kitchen, driver recovery space, two multi-stall restrooms with showers, polished concrete flooring, and eight roll-up doors measuring 12 feet wide by 14 feet high. Ceiling-mounted fans, six HVAC units, and one mini-split unit support the improvements. A natural-gas generator serves the main office building.
The fully fenced site has an electronic entry gate, 91 parking spaces, and room for approximately 75 semi-trucks. City of Lakeland supplies electric and water, while wastewater is handled by septic. The property is zoned LCC, Linear Commercial Corridor Unincorporated Polk County, with stated use categories including transit, medical, warehousing, manufacturing, professional office, and retail. Interstate 4 Exit 28 is minutes away; downtown Lakeland is 10 minutes away, and Lakeside Village is 15 minutes away.
The fully fenced site has an electronic entry gate, 91 parking spaces, and room for approximately 75 semi-trucks. City of Lakeland supplies electric and water, while wastewater is handled by septic. The property is zoned LCC, Linear Commercial Corridor Unincorporated Polk County, with stated use categories including transit, medical, warehousing, manufacturing, professional office, and retail. Interstate 4 Exit 28 is minutes away; downtown Lakeland is 10 minutes away, and Lakeside Village is 15 minutes away.
Key Highlights
- 8‑acre site with 25,810 SF across two commercial buildings
- 14,560 SF office building with private offices, conference rooms, cubicle areas, and four restrooms
- 11,250 SF warehouse built in 2014, including 2,000 SF of office space
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
$317,076
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
7.46%
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%
$6,341,520
$6.3M
Cap Rate 7%
$4,529,657
$4.5M
Cap Rate 9%
$3,523,067
$3.5M
Market Conditions
NOI Build-Up for 25,810 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
$542.0K $21.00/SF
− Vacancy
−$119.2K −$4.62/SF
EGI
$422.8K $16.38/SF
− OpEx
−$105.7K −$4.10/SF
NOI
$317.1K $12.29/SF
Area
Lakeland, FL
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$6,341,520
Cap Rate 7%
$4,529,657
Cap Rate 9%
$3,523,067
Alternative Uses
Best Use
Office B
$4.53M
$3.96M – $5.28M
NOI $317,076 @ 7.0% cap · market cap 7.46%
Second Best
Warehouse
$2.14M
$1.87M – $2.49M
NOI $149,512 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$6.20M
$5.43M – $7.24M
NOI $434,165 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
Under-served
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building commercial compound combining office, warehouse, truck parking, and secured access near Interstate 4.
Where is this flex space located?
The property is located at 1025 N Chestnut Rd Lakeland, FL.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 8‑acre site with 25,810 SF across two commercial buildings; 14,560 SF office building with private offices, conference rooms, cubicle areas, and four restrooms; 11,250 SF warehouse built in 2014, including 2,000 SF of office space
