Warehouse with Fenced
For Sale
$1,500,000
330 W Brannen Rd, Lakeland, FL 33813
Warehouse with fenced yard storage, 18' clear height, and grade-level door suited to service and equipment users.
Property Size12,120 SF
Lot Size1.76 Acres
Price / SF$123.76
Days on Market161
Property Features for 330 W Brannen Rd
General Information
Standard status
Active
Size
12,120 SF
Lot size
1.76 Acres
Property subtype
Commercial
Zoning
BPC-2
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
10
Building Details
Building Size
12,120 SF
Year Built
1976
Listed By:
Dylan Batlle · License #SL3600502 (FL)
(813) 692-6560
Source:
Matthews
Added: Apr 1
Changed: Sep 8
Last Checked: Sep 8 at 3:31AM
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 Dylan Batlle
Investment Insights
Based on property information with market context.
This property offers a total of 12,120 SF of warehouse space on 1.76 acres, with a fully fenced yard that supports outdoor storage. The facility is described as stabilized and includes 18' clear height and a 10' grade level door measuring 12' x 14'. The site is set up for a variety of service-focused needs where outdoor storage is a practical requirement.
The property is located in Lakeland, FL off S Florida Ave, with quick access to the Polk Parkway, I-4, and Hwy 60 (US-60). This connectivity is intended to support daily logistics and customer access for industrial and service operations.
Zoned BPC-2 (Business Park Center), the property is noted as allowing outdoor storage. It is positioned as a strong fit for uses such as truck repair, equipment rental, construction, or services.
The property is located in Lakeland, FL off S Florida Ave, with quick access to the Polk Parkway, I-4, and Hwy 60 (US-60). This connectivity is intended to support daily logistics and customer access for industrial and service operations.
Zoned BPC-2 (Business Park Center), the property is noted as allowing outdoor storage. It is positioned as a strong fit for uses such as truck repair, equipment rental, construction, or services.
Key Highlights
- 12,120 SF warehouse on 1.76 acres with yard storage space
- Fully fenced property with yard storage available
- 18' clear warehouse height with a 10' grade level door (12' x 14')
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
$70,209
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
4.68%
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%
$1,404,180
$1.4M
Cap Rate 7%
$1,002,986
$1.0M
Cap Rate 9%
$780,100
$780.1K
Market Conditions
NOI Build-Up for 12,120 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
$90.2K $7.44/SF
− Vacancy
−$7.6K −$0.62/SF
EGI
$82.6K $6.82/SF
− OpEx
−$12.4K −$1.02/SF
NOI
$70.2K $5.79/SF
Area
Lakeland, FL
Vacancy
8.40%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
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%
$1,404,180
Cap Rate 7%
$1,002,986
Cap Rate 9%
$780,100
Alternative Uses
Best Use
Warehouse
$1.00M
$877.6K – $1.17M
NOI $70,209 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.91M
$2.55M – $3.40M
NOI $203,878 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
10
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33813, FL
36,448
Population
14,787
Households
2.5
Avg Household Size
42
Median Age
39%
College-Educated
94%
High-School Grad
21.0 sq mi
ZIP Area
1,736
Density / Sq Mi
$96,723
Median Household Income
$50,581
Median Earnings
$1,637
Median Rent
$330,100
Median Home Value
Market
Vacancy Rate% for Industrial in Lakeland, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with fenced yard storage, 18' clear height, and grade-level door suited to service and equipment users.
Where is this warehouse located?
The property is located at 330 W Brannen Rd 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: 12,120 SF warehouse on 1.76 acres with yard storage space; Fully fenced property with yard storage available; 18' clear warehouse height with a 10' grade level door (12' x 14')
