Dock-High Industrial
3115 Drane Field Road, Lakeland, FL 33811
For Sale
New
Contact for pricing
Industrial space offers flexible unit configurations and a three-phase electrical service.
Property Size92,800 SF
Price / SF$0.01
Days on Market5
Property Features for 3115 Drane Field Road
General Information
Standard status
Size
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Warehouse Space
Column Spacing
Voltage
Three-Phase Power
Sprinkler System
Additional Details
Highway Access
Property Use
Building Details
Building Size
Properties For Sale
at 3115 Drane Field Road
Bay 23
Size
3,200 SF
Type
Warehouse/Distribution
Term
Negotiable
Listing Agency:
The Ruthvens, Inc.
Listed By:
Matt Ruthven, CCIM · License FL BK665067
(863) 581-4637
Source:
Ruthvens
Added: Nov 8
Last Checked: Nov 12 at 6:16AM
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 The Ruthvens, Inc.
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Investment Insights
Based on property information with market context.
This Lakeland industrial warehouse totals 92,800 square feet and is configured for dock-high loading. Available unit sizes range from 3,200 to 25,600 square feet. The building has 22-foot clear height, 40-foot by 80-foot column spacing, and an ESFR sprinkler system. Electrical service is 120/208V, three-phase, and the property is zoned PUD Industrial (Lakeland).
The site is at 3115 Drane Field Road, with access to I-4, the Polk Parkway, and Highway 92.
The site is at 3115 Drane Field Road, with access to I-4, the Polk Parkway, and Highway 92.
Key Highlights
- 92,800 SF dock‑high warehouse
- Unit sizes range from 3,200 to 25,600 SF
- 22′ clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$537,570
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,751,400
$10.8M
Cap Rate 7%
$7,679,571
$7.7M
Cap Rate 9%
$5,973,000
$6.0M
Market Conditions
NOI Build-Up for 92,800 SF
Gross rent
$690.4K $7.44/SF
− Vacancy
−$58.0K −$0.62/SF
EGI
$632.4K $6.82/SF
− OpEx
−$94.9K −$1.02/SF
NOI
$537.6K $5.79/SF
Area
Lakeland, FL
Vacancy
8.40%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,751,400
Cap Rate 7%
$7,679,571
Cap Rate 9%
$5,973,000
Alternative Uses
Best Use
Warehouse
$7.68M
$6.72M – $8.96M
NOI $537,570 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$22.30M
$19.51M – $26.02M
NOI $1,561,044 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
22 ft
Clear height
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
360
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Warehouses in Lakeland
Vacancy Rate% for Industrial in Lakeland, FL
Similar Off Market Nearby
- Extra Space Storage — 2701 Drane Field Rd, Lakeland, FL 33811
- Store en Lakeland — Waring Rd &, Drane Field Rd, Lakeland, FL 33811
- Storage Zone Self Storage and Business Centers — 3616 Century Blvd, Lakeland, FL 33811
- Coral Bargain Ware House — 3588 Century Blvd, Lakeland, FL 33811
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial space offers flexible unit configurations and a three-phase electrical service.
Where is this warehouse located?
The property is located at 3115 Drane Field Road Lakeland, FL.
What are key features of this property?
This property features: 92,800 SF dock‑high warehouse; Unit sizes range from 3,200 to 25,600 SF; 22′ clear height
