Fenced Auto Lot with Two
For Sale
$485,000
1701 W Memorial Boulevard, Lakeland, FL 33815
Fenced commercial parcel with two small buildings, multiple access points, and AADT traffic exceeding 32,000 cars per day.
Property Size2,520 SF
Price / SF$192.46
Days on Market87
Property Features for 1701 W Memorial Boulevard
General Information
Standard status
Active
Size
2,520 SF
Building Details
Year Built
1957
Listing Agency:
WILLIAM D. BESSELIEU
Listed By:
William Besselieu · License #3068945
(813) 263-5854
Source:
Livewelltampabay
Added: Jul 13
Changed: Oct 6
Last Checked: Oct 5 at 8:15PM
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 WILLIAM D. BESSELIEU
Investment Insights
Based on property information with market context.
The property is a fenced 0.63-acre commercial parcel improved with two small buildings. It has been utilized as an auto lot, with the most recent use described as a contractor office and yard. The site includes multiple access points, supporting flexible entry and circulation for daily operations.
The parcel is described as a corner location with good visibility and more than 32,000 cars per day (AADT). Polk County provides water and sewer to the site, and Lakeland Electric supplies electricity. The property is located across the street from Lakeland Ford, with residential to the north and commercial development along Memorial Blvd.
With commercial zoning in place, the combination of fenced outdoor space, multiple access points, and two buildings can support a range of business needs that require a yard component and dedicated structures on-site.
The parcel is described as a corner location with good visibility and more than 32,000 cars per day (AADT). Polk County provides water and sewer to the site, and Lakeland Electric supplies electricity. The property is located across the street from Lakeland Ford, with residential to the north and commercial development along Memorial Blvd.
With commercial zoning in place, the combination of fenced outdoor space, multiple access points, and two buildings can support a range of business needs that require a yard component and dedicated structures on-site.
Key Highlights
- 0.63‑acre fenced commercial parcel with two small buildings and commercial zoning
- Corner lot with multiple access points
- More than 32,000 cars per day AADT for strong traffic exposure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,958
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$619,160
$619.2K
Cap Rate 7%
$442,257
$442.3K
Cap Rate 9%
$343,978
$344.0K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$52.9K $21.00/SF
− Vacancy
−$11.6K −$4.62/SF
EGI
$41.3K $16.38/SF
− OpEx
−$10.3K −$4.10/SF
NOI
$31.0K $12.29/SF
Area
Lakeland, FL
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$619,160
Cap Rate 7%
$442,257
Cap Rate 9%
$343,978
Alternative Uses
Best Use
Office B
$442.3K
$387.0K – $516.0K
NOI $30,958 @ 7.0% cap · market cap 6.38%
Second Best
Retail
$404.3K
$353.7K – $471.7K
NOI $28,299 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$605.6K
$529.9K – $706.5K
NOI $42,390 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33815, FL
15,681
Population
7,646
Households
2.1
Avg Household Size
40
Median Age
11%
College-Educated
80%
High-School Grad
7.4 sq mi
ZIP Area
2,119
Density / Sq Mi
$36,445
Median Household Income
$32,637
Median Earnings
$1,078
Median Rent
$42,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Auto shop - Fenced commercial parcel with two small buildings, multiple access points, and AADT traffic exceeding 32,000 cars per day.
Where is this auto shop located?
The property is located at 1701 W Memorial Boulevard Lakeland, FL.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 0.63‑acre fenced commercial parcel with two small buildings and commercial zoning; Corner lot with multiple access points; More than 32,000 cars per day AADT for strong traffic exposure
