Professional Office
For Sale
Contact for pricing
2920 Winter Lake Rd, Lakeland, FL 33803
Office building for sale featuring a total of 2,673 SF, suited for professional use in Lakeland, FL.
Property Size2,673 SF
Price / SF$218.86
Days on Market221
Property Features for 2920 Winter Lake Rd
General Information
Standard status
Active
Size
2,673 SF
Class
B
Property subtype
Office
Building Details
Year Built
1984
Listing Agency:
Broadway Real Estate Services
Listed By:
Jack Strollo · License #Florida BK698301
(863) 683-3425
Source:
Crexi
Added: Mar 16
Changed: Oct 7
Last Checked: Oct 20 at 8:16PM
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 Broadway Real Estate Services
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Investment Insights
Based on property information with market context.
This offering is a 2,673 SF office building presented for sale. The property is positioned for professional use and is intended to support day-to-day office operations.
Located at 2920 Winter Lake Rd in Lakeland, Florida, the building benefits from a convenient local address within the market.
With its defined office configuration and total size of 2,673 SF, the property provides a straightforward option for an owner-occupant or an investor evaluating office real estate in Lakeland.
Located at 2920 Winter Lake Rd in Lakeland, Florida, the building benefits from a convenient local address within the market.
With its defined office configuration and total size of 2,673 SF, the property provides a straightforward option for an owner-occupant or an investor evaluating office real estate in Lakeland.
Key Highlights
- 2,673 SF office building for sale in Lakeland, FL
- Built in 1984
- Suited for professional use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,838
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$656,760
$656.8K
Cap Rate 7%
$469,114
$469.1K
Cap Rate 9%
$364,867
$364.9K
Market Conditions
NOI Build-Up for 2,673 SF
Gross rent
$56.1K $21.00/SF
− Vacancy
−$12.3K −$4.62/SF
EGI
$43.8K $16.38/SF
− OpEx
−$10.9K −$4.10/SF
NOI
$32.8K $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%
$656,760
Cap Rate 7%
$469,114
Cap Rate 9%
$364,867
Alternative Uses
Best Use
Office B
$469.1K
$410.5K – $547.3K
NOI $32,838 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$642.3K
$562.1K – $749.4K
NOI $44,964 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
272
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Office building for sale featuring a total of 2,673 SF, suited for professional use in Lakeland, FL.
Where is this office building located?
The property is located at 2920 Winter Lake Rd Lakeland, FL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 2,673 SF office building for sale in Lakeland, FL; Built in 1984; Suited for professional use
