Warehouse Property with 16-Foot Clear
For Sale
Contact for pricing
4403-4411 Holden Rd, Lakeland, FL 33811
Two leased warehouse buildings offer 16-foot clear height and three grade-level doors per building.
Property Size10,114 SF
Price / SF$158.10
Days on Market645
Property Features for 4403-4411 Holden Rd
General Information
Standard status
Active
Size
10,114 SF
Property subtype
INDUSTRIAL
Occupancy
100%
Financials
Cap Rate
7%
Business Included
No
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
6
Heavy Power
Yes
Listing Agency:
Boutique National, LLC (Bounat)
(813) 906-8310
Listed By:
Estevan Lamas
(813) 992-1989
Source:
Moodyscre
Added: Dec 10, 2024
Changed: Aug 16
Last Checked: Sep 15 at 9:36AM
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 Boutique National, LLC (Bounat)
Investment Insights
Based on property information with market context.
This for-sale warehouse property consists of two buildings and is reported as 100% leased. Each building provides 16-foot clear height, along with three grade-level doors per building. The property is also noted to have three-phase power serving the buildings.
The asset is located at 4403–4411 Holden Rd in Lakeland, Florida. The public remarks also cite a 7% cap rate for the property as presented.
Overall, the configuration is suited to warehouse users seeking grade-level access and a consistent clear-height profile across both buildings, with three-phase electrical service identified in the available information.
The asset is located at 4403–4411 Holden Rd in Lakeland, Florida. The public remarks also cite a 7% cap rate for the property as presented.
Overall, the configuration is suited to warehouse users seeking grade-level access and a consistent clear-height profile across both buildings, with three-phase electrical service identified in the available information.
Key Highlights
- Two leased warehouse buildings totaling 100% leased occupancy
- 7% cap rate
- 16' clear height across the buildings
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
$58,588
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
3.66%
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%
$1,171,760
$1.2M
Cap Rate 7%
$836,971
$837.0K
Cap Rate 9%
$650,978
$651.0K
Market Conditions
NOI Build-Up for 10,114 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
$75.2K $7.44/SF
− Vacancy
−$6.3K −$0.62/SF
EGI
$68.9K $6.82/SF
− OpEx
−$10.3K −$1.02/SF
NOI
$58.6K $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%
$1,171,760
Cap Rate 7%
$836,971
Cap Rate 9%
$650,978
Alternative Uses
Best Use
Warehouse
$837.0K
$732.4K – $976.5K
NOI $58,588 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.43M
$2.13M – $2.84M
NOI $170,134 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
6
Drive-in doors
100%
Occupancy
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33811, FL
24,249
Population
10,869
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
91%
High-School Grad
26.9 sq mi
ZIP Area
901
Density / Sq Mi
$85,821
Median Household Income
$46,879
Median Earnings
$1,256
Median Rent
$289,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Lakeland, FL
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Frequently Asked Questions
What type of property is this?
Warehouse - Two leased warehouse buildings offer 16-foot clear height and three grade-level doors per building.
Where is this warehouse located?
The property is located at 4403-4411 Holden Rd Lakeland, FL.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Two leased warehouse buildings totaling 100% leased occupancy; 7% cap rate; 16' clear height across the buildings
