Second-Floor Office
For Sale
Contact for pricing
1956 E EDGEWOOD DR, Lakeland, FL 33803
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 Market18
Property Features for 1956 E EDGEWOOD DR
General Information
Standard status
Active
Size
840 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
break bar
lake view
Listing Agency:
Ulysses Realty Group Inc.
(863) 647-0862
Listed By:
Phillip R. Mays
Source:
Moodyscre
Added: Jul 14
Changed: Jul 26
Last Checked: Jul 31 at 10:20AM
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.
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 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 | $17.6k | $21.00 |
| − Vacancy | −$3.9k | −$4.62 |
| EGI | $13.8k | $16.38 |
| − OpEx | −$3.4k | −$4.10 |
| NOI | $10.3k | $12.29 |
840 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
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.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
834
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
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 units - Second-floor office unit with two large offices, a smaller office, and a galley break area.
Where is this office units 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
