Versatile Multi-Use Office
For Sale
$315,000
Pending
1329 E MAIN STREET, Lakeland, FL 33801
Adaptable office building near downtown, suitable for various business needs.
Property Size2,039 SF
Lot Size0.29 Acres
Days on Market631
Property Features for 1329 E MAIN STREET
General Information
Standard status
Pending
Size
2,039 SF
Lot size
0.29 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1947
Listing Agency:
REMAX EXPERTS
(863) 221-5230
Listed By:
Amanda Wright · License #3385585
(863) 221-5230
Source:
Exitrealty
Added: Nov 10, 2024
Changed: Jul 6
Last Checked: Aug 3 at 6:04AM
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 REMAX EXPERTS
Investment Insights
Based on property information with market context.
This versatile multi-use office building, with a size of 2039 square feet, is located near downtown. It offers an adaptable setup suitable for a range of business needs, from professional offices to collaborative workspaces. The layout includes multiple private offices and a spacious open area featuring a fireplace. The property includes a single-car garage and ample client parking in front, along with a carport and additional storage spaces. It also features a full-size bathroom with shower in the rear and a half bath upfront for clients. A break room complete with cabinets and a sink is also included. Previously used for office space, this building provides easy access for clients and employees and is ready to accommodate your business vision.
Key Highlights
- Versatile multi‑use office building suitable for various business needs.
- Convenient location close to downtown.
- Ample client parking.
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 | $42.8k | $21.00 |
| − Vacancy | −$9.4k | −$4.62 |
| EGI | $33.4k | $16.38 |
| − OpEx | −$8.3k | −$4.10 |
| NOI | $25.0k | $12.29 |
2,039 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$357.8K
$313.1K – $417.5K
NOI $25,049 @ 7.0% cap · market cap 7.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$490.0K
$428.7K – $571.7K
NOI $34,299 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,675
Businesses Nearby
Explore this area
Business Placement
Demographics for 33801, FL
36,798
Population
15,365
Households
2.4
Avg Household Size
34
Median Age
16%
College-Educated
84%
High-School Grad
18.9 sq mi
ZIP Area
1,947
Density / Sq Mi
$49,210
Median Household Income
$30,055
Median Earnings
$1,100
Median Rent
$138,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Adaptable office building near downtown, suitable for various business needs.
Where is this office building located?
The property is located at 1329 E MAIN STREET Lakeland, FL.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Versatile multi‑use office building suitable for various business needs.; Convenient location close to downtown.; Ample client parking.
