Second-Floor Office
1956 E EDGEWOOD DR, Lakeland, FL 33803
For Sale
Contact for pricing
Second-floor office unit with two large offices, a smaller office, and a galley break area.
Property Size840 SF
Price / SF$237.98
Days on Market118
Property Features for 1956 E EDGEWOOD DR
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Road Access
Amenities
break bar
lake view
Listing Agency:
Ulysses Realty Group Inc.
(863) 647-0862
Listed By:
Phillip R. Mays
(863) 409-2277
Source:
Moodyscre
Added: Jul 14
Changed: Nov 6
Last Checked: Nov 6 at 10:22AM
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 Ulysses Realty Group Inc.
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Investment Insights
Based on property information with market context.
This second-floor office suite includes two large offices, one smaller office, a galley break area, and a restroom. The unit is part of the Lake Bentley Office condominium association.
Located on busy Edgewood Dr. near Hwy 98, the property is close to downtown Lakeland and major routes including I-4 and Polk Parkway.
Condo association fees are $175 per month.
Located on busy Edgewood Dr. near Hwy 98, the property is close to downtown Lakeland and major routes including I-4 and Polk Parkway.
Condo association fees are $175 per month.
Key Highlights
- Second‑floor office condo with two large offices plus an additional smaller office
- Includes galley break area and a restroom
- Offers views of Lake Bentley and surrounding areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,319
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$206,380
$206.4K
Cap Rate 7%
$147,414
$147.4K
Cap Rate 9%
$114,656
$114.7K
Market Conditions
NOI Build-Up for 840 SF
Gross rent
$17.6K $21.00/SF
− Vacancy
−$3.9K −$4.62/SF
EGI
$13.8K $16.38/SF
− OpEx
−$3.4K −$4.10/SF
NOI
$10.3K $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%
$206,380
Cap Rate 7%
$147,414
Cap Rate 9%
$114,656
Alternative Uses
Best Use
Office B
$147.4K
$129.0K – $172.0K
NOI $10,319 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$201.9K
$176.6K – $235.5K
NOI $14,130 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
845
Businesses Nearby
Explore this area
Business Placement
Demographics for 33803, FL
29,082
Population
15,086
Households
1.9
Avg Household Size
42
Median Age
34%
College-Educated
94%
High-School Grad
16.6 sq mi
ZIP Area
1,752
Density / Sq Mi
$63,180
Median Household Income
$40,358
Median Earnings
$1,337
Median Rent
$236,200
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Lakeland, FL
Properties on Market for Office Units in Lakeland
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor office unit with two large offices, a smaller office, and a galley break area.
Where is this office unit located?
The property is located at 1956 E EDGEWOOD DR Lakeland, FL.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Second‑floor office condo with two large offices plus an additional smaller office; Includes galley break area and a restroom; Offers views of Lake Bentley and surrounding areas
