3405 State Rd Lakeland, FL
3464 SF retail building with gas pumps on 0.33 AC.
- Added:
- May 21, 2025
- Days on Market:
- 419
- Last Refresh:
- May 19 at 8:58 pm
Property Features for 3405 State Rd
General Information
- Standard status
- Active
- Size
- 3,464 SF
- Lot size
- 0.33 Acres
- Property subtype
- RETAIL
Listing office Garito & Company (407) 777-9660
Listing date May 21, 2025
Source Moodyscre
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 Garito & Company
Investment Insights
Based on property information with market context.
Key Highlights
- Value add investment opportunity
- 3464 SF Retail building with 2 gas pumps on 0.33 AC
- Corner location with access from both directions on Main St & Reynolds Rd
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.4k | $18.60 |
| − Vacancy | −$4.4k | −$1.26 |
| EGI | $60.0k | $17.34 |
| − OpEx | −$15.0k | −$4.33 |
| NOI | $45.0k | $13.00 |
