Freestanding Office
For Sale
Contact for pricing
310 Doris Dr, Lakeland, FL 33813
Move-in-ready office property with private offices, open work space, kitchen, restrooms, storage, and on-site parking.
Property Size1,917 SF
Price / SF$286.91
Days on Market147
Property Features for 310 Doris Dr
General Information
Standard status
Active
Size
1,917 SF
Property subtype
OFFICE
Building Details
Year Built
1961
Buildings
1
Listing Agency:
Broadway Real Estate Services
(863) 683-3425
Listed By:
Jack Strollo · License #FLORIDABK698301
Source:
Moodyscre
Added: Apr 7
Changed: Aug 31
Last Checked: Aug 31 at 4:53AM
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
Investment Insights
Based on property information with market context.
This freestanding office property contains 1,917 square feet arranged for practical day-to-day operations. The interior includes a reception and waiting area, two private offices, a large open work area, kitchen and breakroom, two restrooms, and a storage room. The building was constructed in 1961 and has received significant system updates, including replacement of both A/C units in 2018 and a new roof in 2006.
Located at 310 Doris Dr in Lakeland, the property includes ample on-site parking. Its combination of enclosed offices, shared workspace, support areas, and updated major components creates a functional setting for professional office occupancy.
Located at 310 Doris Dr in Lakeland, the property includes ample on-site parking. Its combination of enclosed offices, shared workspace, support areas, and updated major components creates a functional setting for professional office occupancy.
Key Highlights
- 1,917‑square‑foot freestanding office building
- Reception and waiting area with two private offices
- Large open work area plus kitchen and breakroom
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
$23,550
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
4.28%
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%
$471,000
$471.0K
Cap Rate 7%
$336,429
$336.4K
Cap Rate 9%
$261,667
$261.7K
Market Conditions
NOI Build-Up for 1,917 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
$40.3K $21.00/SF
− Vacancy
−$8.9K −$4.62/SF
EGI
$31.4K $16.38/SF
− OpEx
−$7.9K −$4.10/SF
NOI
$23.6K $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 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%
$471,000
Cap Rate 7%
$336,429
Cap Rate 9%
$261,667
Alternative Uses
Best Use
Office B
$336.4K
$294.4K – $392.5K
NOI $23,550 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$460.7K
$403.1K – $537.5K
NOI $32,247 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
978
Businesses Nearby
Explore this area
Business Placement
Demographics for 33813, FL
36,448
Population
14,787
Households
2.5
Avg Household Size
42
Median Age
39%
College-Educated
94%
High-School Grad
21.0 sq mi
ZIP Area
1,736
Density / Sq Mi
$96,723
Median Household Income
$50,581
Median Earnings
$1,637
Median Rent
$330,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Move-in-ready office property with private offices, open work space, kitchen, restrooms, storage, and on-site parking.
Where is this office building located?
The property is located at 310 Doris Dr Lakeland, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,917‑square‑foot freestanding office building; Reception and waiting area with two private offices; Large open work area plus kitchen and breakroom
