Medical Office with Exam
For Sale
Contact for pricing
2304 Lakeland Hills Blvd, Lakeland, FL 33805
Configured for clinical operations with administrative offices, patient areas, storage, and on-site parking.
Property Size2,100 SF
Price / SF$261.90
Days on Market192
Property Features for 2304 Lakeland Hills Blvd
General Information
Standard status
Active
Size
2,100 SF
Property subtype
OFFICE
Listing Agency:
The Mahoney Group, Inc.
(863) 640-0445
Listed By:
Maria Mahoney · License #324840
(863) 640-0445
Source:
Moodyscre
Added: Jan 23
Changed: Jul 31
Last Checked: Aug 1 at 1:58PM
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 The Mahoney Group, Inc.
Investment Insights
Based on property information with market context.
Medical office space totaling 2,100 SF across two floors. The first floor includes a reception and waiting room, two administrative offices with check-in/check-out windows, four exam rooms, two restrooms, clerical areas, storage, and a kitchenette/breakroom. The second floor provides a 480 SF conference, office, or training room. The property includes 14-16 parking spaces and a large pylon sign.
The office is located at the northwest corner of Lakeland Hills Blvd. and Tarawa Street within the Lakeland Regional Health Center and Watson Clinic Medical Corridor. It is directly across from Joker Marchant Stadium, the Spring Training home of the Detroit Tigers, 1 1/4 miles south of I-4, Exit 33. A bus stop is in front of the property, and Florida Polytechnic is 5 miles west.
The office is located at the northwest corner of Lakeland Hills Blvd. and Tarawa Street within the Lakeland Regional Health Center and Watson Clinic Medical Corridor. It is directly across from Joker Marchant Stadium, the Spring Training home of the Detroit Tigers, 1 1/4 miles south of I-4, Exit 33. A bus stop is in front of the property, and Florida Polytechnic is 5 miles west.
Key Highlights
- 2,100 SF medical office across two floors
- First floor includes 4 exam rooms, 2 administrative offices, 2 restrooms, storage, and kitchenette/breakroom
- Second‑floor 480 SF conference, office, or training room
Financial Insights For Healthcare Medical
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 | $49.1k | $23.40 |
| − Vacancy | −$5.2k | −$2.46 |
| EGI | $44.0k | $20.94 |
| − OpEx | −$17.6k | −$8.38 |
| NOI | $26.4k | $12.57 |
2,100 SF · lease $23.40/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$377.0K
$329.9K – $439.8K
NOI $26,388 @ 7.0% cap · market cap 4.80%
Second Best
Office B
$368.6K
$322.5K – $430.0K
NOI $25,799 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$504.6K
$441.6K – $588.8K
NOI $35,325 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33805, FL
26,954
Population
11,908
Households
2.3
Avg Household Size
36
Median Age
17%
College-Educated
82%
High-School Grad
26.0 sq mi
ZIP Area
1,037
Density / Sq Mi
$55,565
Median Household Income
$35,077
Median Earnings
$1,179
Median Rent
$173,800
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?
Medical Office Space - Configured for clinical operations with administrative offices, patient areas, storage, and on-site parking.
Where is this medical office space located?
The property is located at 2304 Lakeland Hills Blvd Lakeland, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,100 SF medical office across two floors; First floor includes 4 exam rooms, 2 administrative offices, 2 restrooms, storage, and kitchenette/breakroom; Second‑floor 480 SF conference, office, or training room
