Residential Income
For Sale
$334,990
115 EMMA STREET, Lakeland, FL 33815
The property contains 2,696 square feet and carries RA-4 zoning.
Property Size2,696 SF
Price / SF$124.25
Days on Market112
Property Features for 115 EMMA STREET
General Information
Standard status
Active
Size
2,696 SF
Property subtype
Residential Income
Zoning
RA-4
Taxes and HOA fees
Annual Taxes
$1,903
Amenities
Other
Building Details
Year Built
1900
Listing Agency:
Blue Lighthouse Realty INC
Listed By:
Jorge Zea · License #277008888
(855) 550-0528
Source:
Evrealestate
Added: Jul 1
Changed: Oct 19
Last Checked: Oct 19 at 4:51AM
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 Blue Lighthouse Realty INC
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Investment Insights
Based on property information with market context.
Located at 115 Emma Street in Lakeland, this residential income property contains 2,696 square feet. The building dates to 1900 and is zoned RA-4.
Key Highlights
- 2,696‑square‑foot residential income property
- Built in 1900
- Zoned RA‑4
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,536
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,720
$510.7K
Cap Rate 7%
$364,800
$364.8K
Cap Rate 9%
$283,733
$283.7K
Market Conditions
NOI Build-Up for 2,696 SF
Gross rent
$49.5K $18.36/SF
− Vacancy
−$3.1K −$1.14/SF
EGI
$46.4K $17.22/SF
− OpEx
−$20.9K −$7.75/SF
NOI
$25.5K $9.47/SF
Area
Lakeland, FL
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,720
Cap Rate 7%
$364,800
Cap Rate 9%
$283,733
Alternative Uses
Best Use
Apartment 5plus
$364.8K
$319.2K – $425.6K
NOI $25,536 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$647.9K
$566.9K – $755.9K
NOI $45,351 @ 7.0% cap · market cap 13.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,750
Businesses Nearby
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
Frequently Asked Questions
What type of property is this?
Residential income property - The property contains 2,696 square feet and carries RA-4 zoning.
Where is this residential income property located?
The property is located at 115 EMMA STREET Lakeland, FL.
What is the asking price?
The asking price for this property is $334,990.
What are key features of this property?
This property features: 2,696‑square‑foot residential income property; Built in 1900; Zoned RA‑4
