Industrial Manufacturing
For Sale
$2,900,000
3145 US HIGHWAY 92 E, Lakeland, FL 33801
Commercial Sale, LAKELAND, FL
Property Size24,359 SF
Lot Size2.77 Acres
Price / SF$119.05
Days on Market104
Property Features for 3145 US HIGHWAY 92 E
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GI
Lot features
Paved
Directions
Heading east on US Hwy 92 E, destination will be on the right after Advanced Auto Parts.
Subdivision
33801 - Lakeland
Standard status
Active
APN
24-28-15-000000-023040
Size
24,359 SF
Lot size
2.77 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG 530 FT E OF NW COR OF NW1/4 OF SE1/4 RUN E 252PT58 FT S 620.2 FT TO RR NWLY 253.65 FT ALONG RR TO PT S OF BEG N TO BEG LESS US 92
Tax Annual Amount
17014
Legal Description
BEG 530 FT E OF NW COR OF NW1/4 OF SE1/4 RUN E 252PT58 FT S 620.2 FT TO RR NWLY 253.65 FT ALONG RR TO PT S OF BEG N TO BEG LESS US 92
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
employee break/training room
Building Details
Year built
1965
Floors in Building
1
Flooring type
Concrete
Building materials
Concrete
Listing Agency:
CENTURY 21 MYERS REALTY · Century 21 Real Estate
(863) 875-5656
Listed By:
Tony Acosta · License #SL3589261
(863) 224-5956
Added: May 18
Changed: Aug 28
Last Checked: Aug 29 at 11:06AM
MLS# L4961958
Copyright © 2026 Stellar MLS. 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 24,359-square-foot manufacturing property occupies 2.77 acres and includes multiple concrete buildings supporting fabrication, production, warehousing, and office functions. The improvements feature clear-span interior areas, oversized roll-up doors, crane systems, heavy-duty electrical infrastructure, welding and fabrication zones, storage, covered exterior work areas, and an employee break and training room. Central heating and central air are provided.
The fully fenced site includes substantial yard and laydown space for equipment, trailers, fleet vehicles, and material staging. Its US Highway 92 E address provides a visible commercial-corridor setting with truck access across the property. GI zoning, public water, public sewer, and phone availability support the existing industrial configuration.
The fully fenced site includes substantial yard and laydown space for equipment, trailers, fleet vehicles, and material staging. Its US Highway 92 E address provides a visible commercial-corridor setting with truck access across the property. GI zoning, public water, public sewer, and phone availability support the existing industrial configuration.
Key Highlights
- 24,359 SF manufacturing and warehouse property on 2.77 acres
- Multiple concrete buildings with production, fabrication, warehouse, office, and storage areas
- Clear‑span interiors, oversized roll‑up doors, crane systems, and heavy‑duty electrical infrastructure
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
$141,106
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
4.87%
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%
$2,822,120
$2.8M
Cap Rate 7%
$2,015,800
$2.0M
Cap Rate 9%
$1,567,844
$1.6M
Market Conditions
NOI Build-Up for 24,359 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
$181.2K $7.44/SF
− Vacancy
−$15.2K −$0.62/SF
EGI
$166.0K $6.82/SF
− OpEx
−$24.9K −$1.02/SF
NOI
$141.1K $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 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%
$2,822,120
Cap Rate 7%
$2,015,800
Cap Rate 9%
$1,567,844
Alternative Uses
Best Use
Warehouse
$2.02M
$1.76M – $2.35M
NOI $141,106 @ 7.0% cap · market cap 4.87%
Second Best
Industrial
$1.66M
$1.45M – $1.94M
NOI $116,205 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$5.85M
$5.12M – $6.83M
NOI $409,757 @ 7.0% cap · market cap 14.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
Explore this area
Business Placement
Demographics for 33801, FL
36,798
Population
15,365
Households
2.4
Avg Household Size
34
Median Age
16%
College-Educated
84%
High-School Grad
18.9 sq mi
ZIP Area
1,947
Density / Sq Mi
$49,210
Median Household Income
$30,055
Median Earnings
$1,100
Median Rent
$138,700
Median Home Value
Market
Vacancy Rate% for Industrial in Lakeland, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Concrete industrial facility with warehouse, production, office, and secured yard areas.
Where is this manufacturing property located?
The property is located at 3145 US HIGHWAY 92 E Lakeland, FL.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 24,359 SF manufacturing and warehouse property on 2.77 acres; Multiple concrete buildings with production, fabrication, warehouse, office, and storage areas; Clear‑span interiors, oversized roll‑up doors, crane systems, and heavy‑duty electrical infrastructure
