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    Freestanding Retail Building with Fenced Rear Title is generated by Realmo AI

    610 N COMBEE Rd, Lakeland, FL 33801

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    For Sale
    $799,000

    Fully air-conditioned retail interior with ADA restroom and ramp, plus gated rear access for flexible tenant layouts.

    Type:Commercial
    Property size:
    3,848 SF
    Lot size:
    0.81 Acres
    Price / SF:
    $207/SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 4:13 am

    Property Features for 610 N COMBEE Rd

    General Information

    Standard status
    Active
    Size
    3,848 SF
    Lot size
    0.81 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1982

    We can help!

    Listing Contact
    Sujata Katikala
    Sujata Katikala

    Listing agent Sujata Katikala License #3057328

    Listing office Lawhun Enterprises, LLC

    Listing date Jun 3, 2026

    Source Elliman

    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 Lawhun Enterprises, LLC

    HighLights

    • 3,848 SF freestanding retail building with large open, fully air‑conditioned interior space
    • 0.81‑acre lot with full frontage access on N Combee Road and additional access from N Eastside Drive
    • ADA‑compliant restroom and ramp included
    • Durable concrete roof; rear of property is fully fenced and gated
    • Flexible CAC zoning supports a wide range of uses including retail, office, restaurant, convenience store, and automotive‑related businesses
    • High‑traffic exposure with 16,000+ AADT on Combee Road and 34,000 AADT on US‑92

    Overview

    This freestanding retail commercial solid building offers 3,848 square feet of large, open interior space with full air-conditioning. The property includes an ADA-compliant restroom with a ramp, and a durable concrete roof. Zoning is described as flexible CAC, supporting a broad range of uses including retail, office, restaurant, convenience store, and automotive-related businesses.

    The site is positioned one block from the busy intersection of N Combee Road and US-92/ Memorial Highway, with full frontage access on Combee Road. Visibility and access are reinforced by the surrounding tenant mix, including proximity across from a Harvey’s Supermarket Plaza and McDonald’s, with Taco Bell about a block away. The property also benefits from reported traffic counts of 16,000+ AADT on Combee Road and 34,000 AADT on US-92, with additional access at the rear from N Eastside Drive. The rear is fully fenced and gated, and there is room described for future expansion or added parking.

    The open, air-conditioned configuration and ADA features make the space practical for operators seeking a customer-accessible footprint under flexible commercial zoning. The combination of full frontage on Combee Road and gated rear access may be useful for businesses that want separate areas for deliveries, storage, or controlled customer flow, depending on their site plan needs.

    Local 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 $71.6k $18.60
    − Vacancy −$4.9k −$1.26
    EGI $66.7k $17.34
    − OpEx −$16.7k −$4.33
    NOI $50.0k $13.00
    3,848 SF · lease $18.60/SF/yr · vacancy 6.80% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $714.7K
    $625.4K – $833.8K (±1% cap)
    NOI $50,029 @ 7.0% cap · market cap 6.26%
    Second Best
    Office B
    $675.3K
    $590.9K – $787.9K (±1% cap)
    NOI $47,273 @ 7.0% cap · market cap 5.92%
    Theoretical Best
    Office A
    $924.7K
    $809.1K – $1.08M (±1% cap)
    NOI $64,730 @ 7.0% cap · market cap 8.10%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Vintage Thrift LLC Discount Store CC Moving Company Moving Company Appliances Repair Shop Home Appliance Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.9085887
    Latitude
    28.0489753

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    FAQs

    What type of property is this?
    Retail space - Fully air-conditioned retail interior with ADA restroom and ramp, plus gated rear access for flexible tenant layouts.
    Where is this retail space located?
    The property is located at 610 N COMBEE Rd Lakeland, FL.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: 3,848 SF freestanding retail building with large open, fully air‑conditioned interior space; 0.81‑acre lot with full frontage access on N Combee Road and additional access from N Eastside Drive; ADA‑compliant restroom and ramp included
    (813) 618-3279
    We can help!
    Listing Contact
    Sujata Katikala
    Sujata Katikala
    Real Estate License ID: 3057328
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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