Air-Conditioned Showroom
New
For Sale
$1,674,000
3460 Us Highway 92 E, Lakeland, FL 33801
LCC zoning supports retail, office, light industrial, and warehouse uses.
Property Size10,800 SF
Lot Size3.12 Acres
Price / SF$155
Days on Market1
Property Features for 3460 Us Highway 92 E
General Information
Standard status
Active
Size
10,800 SF
Class
C
Lot size
3.12 Acres
Property subtype
Retail - Street Retail
Zoning
LCC
Additional Details
Traffic Count
35,500 vehicles/day
Building Details
Building Size
10,800 SF
Year Built
2000
Buildings
1
Units
3
Listing Agency:
Saunders Real Estate
Listed By:
Craig Morby · License #3152384
(863) 581-0059
Source:
Commercialcafe
Added: Sep 8
Last Checked: Sep 8 at 2:41PM
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 Saunders Real Estate
Investment Insights
Based on property information with market context.
This 10,800 SF showroom property occupies 3.12 acres and offers a flexible commercial layout for retail, office, light industrial, or warehouse use. The fully air-conditioned building includes an open sales area, four private offices, two restrooms, and a 10' x 10' roll-up door. A new roof was installed in March 2026, and the building was constructed in 2000.
The property fronts US 92 with approximately 35,500 vehicles passing daily, providing direct exposure along a regional east-west route. Its location offers access to Auburndale and Winter Haven, with downtown Lakeland approximately 12 minutes away. LCC, or Linear Commercial Corridor, zoning accommodates a broad range of commercial applications.
The property fronts US 92 with approximately 35,500 vehicles passing daily, providing direct exposure along a regional east-west route. Its location offers access to Auburndale and Winter Haven, with downtown Lakeland approximately 12 minutes away. LCC, or Linear Commercial Corridor, zoning accommodates a broad range of commercial applications.
Key Highlights
- 10,800 SF showroom building on 3.12 acres
- LCC zoning allows retail, office, light industrial, and warehouse uses
- Approximately 35,500 vehicles per day along US 92
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
$121,284
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
7.25%
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%
$2,425,680
$2.4M
Cap Rate 7%
$1,732,629
$1.7M
Cap Rate 9%
$1,347,600
$1.3M
Market Conditions
NOI Build-Up for 10,800 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
$187.9K $17.40/SF
− Vacancy
−$14.7K −$1.36/SF
EGI
$173.3K $16.04/SF
− OpEx
−$52.0K −$4.81/SF
NOI
$121.3K $11.23/SF
Area
Lakeland, FL
Vacancy
7.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$2,425,680
Cap Rate 7%
$1,732,629
Cap Rate 9%
$1,347,600
Alternative Uses
Best Use
Retail
$1.73M
$1.52M – $2.02M
NOI $121,284 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.60M
$2.27M – $3.03M
NOI $181,673 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
35,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
578
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
CubeSmart Self Storage
Shops & Services
578 visits/mo
0.3 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Lakeland Liquidation — 2940 US-92, Lakeland, FL 33801
Frequently Asked Questions
What type of property is this?
Showroom - LCC zoning supports retail, office, light industrial, and warehouse uses.
Where is this showroom located?
The property is located at 3460 Us Highway 92 E Lakeland, FL.
What is the asking price?
The asking price for this property is $1,674,000.
What are key features of this property?
This property features: 10,800 SF showroom building on 3.12 acres; LCC zoning allows retail, office, light industrial, and warehouse uses; Approximately 35,500 vehicles per day along US 92
