Lakeland Industrial Warehouse with Rail
2715 Crystal Lake Acres Drive, Lakeland, FL 33801
For Sale
$4,800,000
53,329 SF warehouse with rail access in Lakeland, Florida.
Property Size53,329 SF
Lot Size2.24 Acres
Price / SF$90.01
Days on Market233
Property Features for 2715 Crystal Lake Acres Drive
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
CBRE - Orlando
Listed By:
David Murphy · License FL #3006203
(407) 404-5020
Source:
Cbre
Added: Mar 25
Changed: Nov 3
Last Checked: Nov 12 at 4:57AM
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 CBRE - Orlando
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Investment Insights
Based on property information with market context.
The property at 2715 Crystal Lake Acres Drive in Lakeland, Florida, is a standalone industrial warehouse. The 53,329 square foot warehouse is situated on 2.24 acres and features rail access via CSX Railroad. The premises are fully fenced. The warehouse includes a dock platform with seven positions equipped with levelers, along with three doors, two ramps, and two grade-level drive-in doors. A new roof was installed in 2023. The property is zoned GI Light Industrial. Utilities are provided by Lakeland Utilities. Its location in the Interstate 4 corridor, between Tampa and Orlando, is suitable for distribution throughout Florida. The property is suited for an investor or an owner/user looking to capitalize on the growing Central Florida Industrial Market.
Key Highlights
- Strategic location in the Interstate 4 corridor between Tampa and Orlando, ideal for statewide distribution.
- Boasting 53,329 square foot warehouse space.
- Rail access with CSX Railroad.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$308,923
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,178,460
$6.2M
Cap Rate 7%
$4,413,186
$4.4M
Cap Rate 9%
$3,432,478
$3.4M
Market Conditions
NOI Build-Up for 53,329 SF
Gross rent
$396.8K $7.44/SF
− Vacancy
−$33.3K −$0.62/SF
EGI
$363.4K $6.82/SF
− OpEx
−$54.5K −$1.02/SF
NOI
$308.9K $5.79/SF
Area
Lakeland, FL
Vacancy
8.40%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,178,460
Cap Rate 7%
$4,413,186
Cap Rate 9%
$3,432,478
Alternative Uses
Best Use
Warehouse
$4.41M
$3.86M – $5.15M
NOI $308,923 @ 7.0% cap · market cap 6.44%
Second Best
Industrial
$3.63M
$3.18M – $4.24M
NOI $254,407 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$12.82M
$11.21M – $14.95M
NOI $897,079 @ 7.0% cap · market cap 18.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 33801, FL
36,798
Population
15,365
Households
2.4
Avg Household Size
34
Median Age
16%
College-Educated
84%
High-School Grad
18.9 sq mi
ZIP Area
1,947
Density / Sq Mi
$49,210
Median Household Income
$30,055
Median Earnings
$1,100
Median Rent
$138,700
Median Home Value
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Market
Properties on Market for Warehouses in Lakeland
Vacancy Rate% for Industrial in Lakeland, FL
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Frequently Asked Questions
What type of property is this?
Warehouse - 53,329 SF warehouse with rail access in Lakeland, Florida.
Where is this warehouse located?
The property is located at 2715 Crystal Lake Acres Drive Lakeland, FL.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Strategic location in the Interstate 4 corridor between Tampa and Orlando, ideal for statewide distribution.; Boasting 53,329 square foot warehouse space.; Rail access with CSX Railroad.
