Standalone Office Building with
For Sale
Contact for pricing
2920 Winter Lake Rd, Lakeland, FL 33803
Stand-alone office building with reception, conference room, six private offices, and potential to divide into two units.
Property Size2,673 SF
Price / SF$222.60
Days on Market211
Property Features for 2920 Winter Lake Rd
General Information
Standard status
Active
Size
2,673 SF
Total Parking Spaces
10
Property subtype
OFFICE
Listing Agency:
Broadway Real Estate Services
(863) 683-3425
Listed By:
Jack Strollo · License #FLORIDABK698301
Source:
Moodyscre
Added: Apr 7
Changed: Nov 3
Last Checked: Nov 3 at 7:51AM
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 well-appointed stand-alone office building offers a functional, efficient interior layout totaling 2,673 square feet. The space includes a reception and waiting areas, a conference room just off the lobby with wood floors and built-in cabinetry, an open work area with four cubicles, and six private offices. The configuration also supports dividing the space into two separate units, each with its own entrance and restrooms.
The property includes parking capacity for up to 10 vehicles, plus on-street parking with no cost.
With its mix of reception, conference, open work, and private office space, the building is suitable for a range of professional and administrative uses, and can be marketed either as a whole or as two independently accessible suites.
The property includes parking capacity for up to 10 vehicles, plus on-street parking with no cost.
With its mix of reception, conference, open work, and private office space, the building is suitable for a range of professional and administrative uses, and can be marketed either as a whole or as two independently accessible suites.
Key Highlights
- 2,673 SF stand‑alone office building with a functional layout for professional or administrative uses
- Reception and waiting areas, a conference room with wood floors and built‑in cabinetry
- Includes an open work area with four cubicles plus six private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,838
Cap Rate
5.52%
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 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$642.3K
$562.1K – $749.4K
NOI $44,964 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
272
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Stand-alone office building with reception, conference room, six private offices, and potential to divide into two units.
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 $595,000.
What are key features of this property?
This property features: 2,673 SF stand‑alone office building with a functional layout for professional or administrative uses; Reception and waiting areas, a conference room with wood floors and built‑in cabinetry; Includes an open work area with four cubicles plus six private offices
