Lakeland Warehouse and Office
3714 Dmg Dr, Lakeland, FL 33811
Two-building property with income potential near Lakeland Airport.
Type:Industrial
Property size:
13,250 SFPrice / SF:
$181/SF- Added:
- Apr 9, 2026
- Days on Market:
- 53
- Last Refresh:
- Feb 18 at 9:20 am
Property Features for 3714 Dmg Dr
General Information
- Standard status
- Active
- Size
- 13,250 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1984
Listing agent David Hungerford License #3281084 (863) 648-1528
Listing office SVN | Saunders Ralston Dantzler Real Estate (863) 648-1528
Listing date Apr 9, 2026
Source Thebrokerlist
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 SVN | Saunders Ralston Dantzler Real Estate
HighLights
- Value‑add investment or owner‑user opportunity in a thriving Lakeland, Florida location.
- Two buildings included: 7,000 ± SF warehouse and 13,250 ± SF office building.
- Immediate income potential from existing short‑term leases.
- Opportunity to increase returns by leasing currently unleased areas.
- Located in a desirable industrial trade area near Lakeland Linder International Airport.
- Warehouse is mostly dock‑high with a covered storage area.
Overview
This property in Lakeland, Florida, presents a value-add investment or owner-user opportunity. It features two buildings: a 7,000 ± SF warehouse and a 13,250 ± SF office building. The property offers immediate income potential from existing short-term leases. Some areas are not currently leased, creating an opportunity for investors to enhance returns or for an owner-user to secure occupancy. The property is located in one of Lakeland's desirable industrial trade areas, near the Lakeland Linder International Airport. The buildings share one electric meter, with 3-phase power and 600 total amps. The office spaces feature Class-B finishes and typical amenities. The warehouse is mostly dock-high, with a small portion at ground level, and includes a large covered storage area.
Local Financial Insights For Office B
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 | $278.3k | $21.00 |
| − Vacancy | −$61.2k | −$4.62 |
| EGI | $217.0k | $16.38 |
| − OpEx | −$54.3k | −$4.10 |
| NOI | $162.8k | $12.29 |
13,250 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.33M
$2.03M – $2.71M
NOI $162,776 @ 7.0% cap · market cap 6.78%
Second Best
Mixed Use
$2.13M
$1.87M – $2.49M
NOI $149,212 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$3.18M
$2.79M – $3.71M
NOI $222,886 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Artomé
Industrial Manufacturer
Location Insight
- Map
- Local Demand
- City
- Lakeland
- County
- Polk
- State
- Florida
- Longitude
- -82.0167734
- Latitude
- 27.997559
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two-building property with income potential near Lakeland Airport.
Where is this mixed-use property located?
The property is located at 3714 Dmg Dr Lakeland, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Value‑add investment or owner‑user opportunity in a thriving Lakeland, Florida location.; Two buildings included: **7,000 ± SF warehouse** and **13,250 ± SF office building**.; Immediate income potential from existing short‑term leases.
