Office Building with Divided
2800 WINTER LAKE RD, Lakeland, FL 33803
For Sale
$375,000
BPC-1X zoning supports office use, while other uses may require county approval.
Property Size1,760 SF
Price / SF$213.07
Days on Market66
Property Features for 2800 WINTER LAKE RD
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Utilities to Site
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
SAUNDERS REAL ESTATE, LLC
Listed By:
Craig Morby
(863) 648-1528
Source:
Cbaquaterrarealty
Added: Sep 4
Changed: Nov 7
Last Checked: Nov 7 at 5:37PM
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 SAUNDERS REAL ESTATE, LLC
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Investment Insights
Based on property information with market context.
The 1,760-square-foot office building was constructed in 1984 and contains six offices, a bathroom, and a kitchen. Its two largely symmetrical sections can function as separate occupancy areas, with a shared central zone. A front entry opens to a reception and waiting area. The property’s most recent use was as a homeowners association office. Public water and a septic system serve the building.
There are no marked parking stalls, but the front and side areas can hold approximately 6–8 vehicles. The property is zoned BPC-1X under Polk County regulations. Office use is supported, and other uses may be possible with county approval. US 98 provides north- and southbound access; the Polk Parkway connects to Interstate 4.
There are no marked parking stalls, but the front and side areas can hold approximately 6–8 vehicles. The property is zoned BPC-1X under Polk County regulations. Office use is supported, and other uses may be possible with county approval. US 98 provides north- and southbound access; the Polk Parkway connects to Interstate 4.
Key Highlights
- 1,760‑square‑foot office building constructed in 1984
- Six offices arranged across two largely symmetrical sections
- Central bathroom and kitchen; front reception and waiting area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,622
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,440
$432.4K
Cap Rate 7%
$308,886
$308.9K
Cap Rate 9%
$240,244
$240.2K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$37.0K $21.00/SF
− Vacancy
−$8.1K −$4.62/SF
EGI
$28.8K $16.38/SF
− OpEx
−$7.2K −$4.10/SF
NOI
$21.6K $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%
$432,440
Cap Rate 7%
$308,886
Cap Rate 9%
$240,244
Alternative Uses
Best Use
Office B
$308.9K
$270.3K – $360.4K
NOI $21,622 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$422.9K
$370.1K – $493.4K
NOI $29,606 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
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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 buildings in Lakeland, FL
Properties on Market for Office buildings in Lakeland
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - BPC-1X zoning supports office use, while other uses may require county approval.
Where is this office building located?
The property is located at 2800 WINTER LAKE RD Lakeland, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,760‑square‑foot office building constructed in 1984; Six offices arranged across two largely symmetrical sections; Central bathroom and kitchen; front reception and waiting area
