1605 W Memorial Boulevard, Lakeland, FL 33815
COMMERCIAL - Lakeland, FL
- Added:
- Jan 13, 2025
- Days on Market:
- 535
- Last Refresh:
- Jul 2 at 5:06 pm
Property Features for 1605 W Memorial Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active Under Contract
- Lot size
- 0.45 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2938
Building Details
- Year built
- 1964
- Floors in Building
- 1
Listing agent Earl Moore Jr. License #3314553 (321) 939-3748
Listing office La Rosa Realty Llc Suite 100 1420 Celebration Blvd, Celebration, FL (321) 939-3748
Listing date Jan 13, 2025
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 2,910 sq. ft. commercial property at 1605 W Memorial Blvd, Lakeland, FL
- 0.5‑acre lot with corner location
- Year built 1964
- Central air conditioning
- Garage parking
Overview
Located at 1605 W Memorial Boulevard in Lakeland, Florida, the property sits on a corner, providing a straightforward site layout for a car wash concept. The listing is specifically marketed as suitable for a variety of business opportunities, reflecting flexibility within the existing retail/automotive use context.
For tenants, operators, or buyers looking for a purpose-built automotive property, this site presents a practical option in a developed commercial corridor. The combination of an on-site facility totaling 2,910 sq. ft. and a nearly one-half-acre lot supports a car wash business model requiring outdoor space for equipment and customer use. Please note the listing indicates the property has been reduced in price, which may be relevant for buyers evaluating current purchase options.
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 | $54.1k | $18.60 |
| − Vacancy | −$3.7k | −$1.26 |
| EGI | $50.4k | $17.34 |
| − OpEx | −$12.6k | −$4.33 |
| NOI | $37.8k | $13.00 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lakeland
- County
- Polk
- State
- Florida
- Longitude
- -81.980646
- Latitude
- 28.055111
