C-2 Corner Pharmacy
For Sale
Contact for pricing
1231 LAKELAND HILLS BLVD, Lakeland, FL 33805
C-2 zoned half-acre corner property with a pharmacy-ready interior and major roof and HVAC updates from 2020.
Lot Size0.50 Acres
Days on Market309
Property Features for 1231 LAKELAND HILLS BLVD
General Information
Standard status
Active
Lot size
0.50 Acres
Property subtype
Retail
Zoning
C-2
Building Details
Building Size
3,689 SF
Year Built
1953
Buildings
1
Listing Agency:
PRIMEFIT PROPERTIES LLC
(863) 206-5755
Listed By:
Nick Vaseloff · License #3571295
Source:
Thefullerproperties
Added: Sep 25, 2025
Changed: Jul 30
Last Checked: Jul 30 at 4:27AM
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 PRIMEFIT PROPERTIES LLC
Investment Insights
Based on property information with market context.
This C-2 corner pharmacy building sits on a half-acre double lot and is currently operating as a pharmacy (the business is not included in the sale). The interior includes five private offices, a front counter/reception area, an open office area, four bathrooms, multiple storage bays, and a breakroom—suited for medical and professional uses.
The property is located directly across from Lakeland Regional Medical Center, the Carol Jenkins Barnett Women’s Pavilion, and the hospital helipad, creating strong day-to-day visibility for healthcare-oriented operations.
Built in 1953, the building has had major updates including a new roof in 2020 and a HVAC system installed in 2020.
The property is located directly across from Lakeland Regional Medical Center, the Carol Jenkins Barnett Women’s Pavilion, and the hospital helipad, creating strong day-to-day visibility for healthcare-oriented operations.
Built in 1953, the building has had major updates including a new roof in 2020 and a HVAC system installed in 2020.
Key Highlights
- Half‑acre corner double lot with strong visibility
- Zoned C‑2 for a range of medical and professional uses
- Currently operating as a pharmacy (business not included)
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.6k | $18.60 |
| − Vacancy | −$4.7k | −$1.26 |
| EGI | $63.9k | $17.34 |
| − OpEx | −$16.0k | −$4.33 |
| NOI | $48.0k | $13.00 |
3,689 SF · lease $18.60/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$685.2K
$599.5K – $799.4K
NOI $47,962 @ 7.0% cap · market cap 3.20%
Second Best
Healthcare Medical
$662.2K
$579.4K – $772.6K
NOI $46,355 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$886.5K
$775.7K – $1.03M
NOI $62,055 @ 7.0% cap · market cap 4.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
227
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Frantz Nerestant — 311 E Memorial Blvd, Lakeland, FL 338011766
Frequently Asked Questions
What type of property is this?
Drug store - C-2 zoned half-acre corner property with a pharmacy-ready interior and major roof and HVAC updates from 2020.
Where is this drug store located?
The property is located at 1231 LAKELAND HILLS BLVD Lakeland, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Half‑acre corner double lot with strong visibility; Zoned C‑2 for a range of medical and professional uses; Currently operating as a pharmacy (business not included)
