Warehouse with Dock
For Sale
$5,500,000
3025 WHITTEN RD, Lakeland, FL 33811
Commercial Sale, Lakeland, FL
Property Size22,500 SF
Lot Size1.88 Acres
Price / SF$244.44
Days on Market157
Property Features for 3025 WHITTEN RD
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
45
Parking features
Assigned
Subdivision
5940 Florida Other
Standard status
Active
APN
232831138048000042
Lot size
1.88 Acres
Taxes and HOA fees
Tax Description
COUNTY LINE INDUSTRIAL PARK PHASE ONE PB 88 PG 4 LYING IN A PORTION OF SECS 30 & 31 T28S R23E A PT OF LOT 4 AS DESC: COMM SELY COR OF LOT 4
Legal Description
COUNTY LINE INDUSTRIAL PARK PHASE ONE PB 88 PG 4 LYING IN A PORTION OF SECS 30 & 31 T28S R23E A PT OF LOT 4 AS DESC: COMM SELY COR OF LOT 4
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
LED lights
3 phase power
dock high
ramp access
yard storage
Building Details
Floors in Building
1
Number of units
1
Building materials
Block
Roof type
Metal
Listing Agency:
EXP Realty LLC
(888) 883-8509
Listed By:
Abraham Benalloul · License #3552588
(917) 853-0077
Added: Apr 13
Changed: Sep 12
Last Checked: Sep 16 at 2:06AM
MLS# A11999647
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This warehouse property provides 22,500 SF of total space, including 4,350 SF of modernized office area and 18,150 SF of air-conditioned warehouse space. The facility includes a 2,000 SF mezzanine, 24' clear height, a sprinkler system, LED lighting, three-phase power, four dock-high doors, and two ramp-access doors. Block construction, a metal roof, central air, and public utilities support the existing improvements.
Approximately 7,000 SF of yard storage is available behind the building. On-site parking totals 45 spaces, with truck parking available nearby. The property also retains wall panels and cooling equipment from a former 6,000 SF cold-storage/freezer area; repairs or replacement would be required before that portion could function as cold storage again.
Approximately 7,000 SF of yard storage is available behind the building. On-site parking totals 45 spaces, with truck parking available nearby. The property also retains wall panels and cooling equipment from a former 6,000 SF cold-storage/freezer area; repairs or replacement would be required before that portion could function as cold storage again.
Key Highlights
- 22,500 SF total space with 4,350 SF of office and 18,150 SF of warehouse
- 2,000 SF mezzanine and 24' clear height
- Four dock‑high doors plus two ramp‑access doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$276,413
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,528,260
$5.5M
Cap Rate 7%
$3,948,757
$3.9M
Cap Rate 9%
$3,071,256
$3.1M
Market Conditions
NOI Build-Up for 22,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$472.5K $21.00/SF
− Vacancy
−$104.0K −$4.62/SF
EGI
$368.6K $16.38/SF
− OpEx
−$92.1K −$4.10/SF
NOI
$276.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,528,260
Cap Rate 7%
$3,948,757
Cap Rate 9%
$3,071,256
Alternative Uses
Best Use
Office B
$3.95M
$3.46M – $4.61M
NOI $276,413 @ 7.0% cap · market cap 5.03%
Second Best
Warehouse
$1.86M
$1.63M – $2.17M
NOI $130,338 @ 7.0% cap · market cap 2.37%
Theoretical Best
Office A
$5.41M
$4.73M – $6.31M
NOI $378,486 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
24 ft
Clear height
4
Dock-high doors
2
Drive-in doors
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33811, FL
24,249
Population
10,869
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
91%
High-School Grad
26.9 sq mi
ZIP Area
901
Density / Sq Mi
$85,821
Median Household Income
$46,879
Median Earnings
$1,256
Median Rent
$289,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Block construction warehouse with renovated office space, air-conditioned storage, multiple loading options, and outdoor yard capacity.
Where is this warehouse located?
The property is located at 3025 WHITTEN RD Lakeland, FL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 22,500 SF total space with 4,350 SF of office and 18,150 SF of warehouse; 2,000 SF mezzanine and 24' clear height; Four dock‑high doors plus two ramp‑access doors
