Retail Showroom with Office
New
For Sale
$2,500,000
3003 S COMBEE ROAD, Lakeland, FL 33803
A signalized corner property near US Highway 98 offers customer parking and a flexible interior layout.
Property Size14,591 SF
Lot Size1.57 Acres
Price / SF$171.34
Days on Market5
Property Features for 3003 S COMBEE ROAD
General Information
Standard status
Active
Size
14,591 SF
Lot size
1.57 Acres
Property subtype
Retail
Additional Details
Corner Location
Yes
Building Details
Year Built
1988
Buildings
1
Listing Agency:
DORY RODRIGUEZ JOSEPH RE LLC
(863) 602-7059
Listed By:
Dory Joseph · License #3069082
Source:
Dennisrealty
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 24 at 5:19PM
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 DORY RODRIGUEZ JOSEPH RE LLC
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Investment Insights
Based on property information with market context.
Set on approximately 1.57 acres, this retail property contains about 10,757 square feet of building area. The interior is largely open showroom space, with storefront windows, natural light, and existing offices supporting a range of potential layouts. On-site parking serves the property, and the sale includes real estate only; business operations, name, goodwill, and equipment are excluded.
The site occupies a signalized corner near the US Highway 98 corridor in Lakeland. A combined traffic count of more than 58,000 vehicles per day has been reported for the location. Proposed uses, alterations, and redevelopment remain subject to zoning, permitting, and governmental approvals.
The site occupies a signalized corner near the US Highway 98 corridor in Lakeland. A combined traffic count of more than 58,000 vehicles per day has been reported for the location. Proposed uses, alterations, and redevelopment remain subject to zoning, permitting, and governmental approvals.
Key Highlights
- Approximately 1.57 acres with about 10,757 square feet of building area
- Predominantly open showroom with storefront windows and existing office areas
- Signalized corner near the US Highway 98 corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$163,856
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,277,120
$3.3M
Cap Rate 7%
$2,340,800
$2.3M
Cap Rate 9%
$1,820,622
$1.8M
Market Conditions
NOI Build-Up for 14,591 SF
Gross rent
$253.9K $17.40/SF
− Vacancy
−$19.8K −$1.36/SF
EGI
$234.1K $16.04/SF
− OpEx
−$70.2K −$4.81/SF
NOI
$163.9K $11.23/SF
Area
Lakeland, FL
Vacancy
7.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,277,120
Cap Rate 7%
$2,340,800
Cap Rate 9%
$1,820,622
Alternative Uses
Best Use
Retail
$2.34M
$2.05M – $2.73M
NOI $163,856 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.51M
$3.07M – $4.09M
NOI $245,444 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
69k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Wawa
Shops & Services
56,135 visits/mo
0.5 miles
Mister Car Wash
Shops & Services
9,040 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
3,535 visits/mo
0.1 miles
Gemaire Distributors
Shops & Services
562 visits/mo
0.5 miles
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 Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A signalized corner property near US Highway 98 offers customer parking and a flexible interior layout.
Where is this retail space located?
The property is located at 3003 S COMBEE ROAD Lakeland, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Approximately 1.57 acres with about 10,757 square feet of building area; Predominantly open showroom with storefront windows and existing office areas; Signalized corner near the US Highway 98 corridor
