Lakeland Warehouse and Office
3714 DMG Drive, Lakeland, FL 33811
Two-building property with income potential near Lakeland Airport.
Type:IND, OFC
Property size:
13,250 SFPrice / SF:
$181/SF- Added:
- Jul 3, 2025
- Days on Market:
- 333
- Last Refresh:
- Apr 3 at 4:54 am
Property Features for 3714 DMG Drive
General Information
- Standard status
- Active
- Size
- 13,250 SF
- Property subtype
- IND, OFC
Building Details
- Year Built
- 1984
Listing agent David Hungerford License #3281084 (863) 648-1528
Listing office SVN | Saunders Ralston Dantzler (863) 648-1528
Listing date Jul 3, 2025
Source Realnex
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 SVN | Saunders Ralston Dantzler
HighLights
- Value‑add investment or owner‑user opportunity in Lakeland's thriving economic landscape.
- Two‑building property: 7,000 ± SF warehouse and 13,250 ± SF office building.
- Immediate income potential from existing short‑term leases.
- Opportunity to increase returns through lease‑up of vacant areas.
- Located in a desirable industrial trade area near Lakeland Linder International Airport.
- Warehouse is mostly dock‑high with covered storage.
Overview
This versatile property in Lakeland, Florida, features a 7,000 ± SF warehouse and a 13,250 ± SF office building. Located in one of Lakeland's most desirable industrial trade areas, the property is virtually across the street from the Lakeland Linder International Airport. It presents a value-add investment or owner-user opportunity, offering immediate income potential from existing short-term leases. Some areas of the property are not currently leased, offering a chance for investors to enhance returns or for an owner-user to secure occupancy relatively quickly. The buildings share one electric meter, with 3-phase power and 600 total amps. The office spaces offer Class-B finishes with typical amenities. The warehouse is mostly dock-high, with a small portion at ground level, and includes a large covered storage area.
Local Financial Insights For Office B
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 | $278.3k | $21.00 |
| − Vacancy | −$61.2k | −$4.62 |
| EGI | $217.0k | $16.38 |
| − OpEx | −$54.3k | −$4.10 |
| NOI | $162.8k | $12.29 |
13,250 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.33M
$2.03M – $2.71M
NOI $162,776 @ 7.0% cap · market cap 6.78%
Second Best
Warehouse
$1.10M
$959.4K – $1.28M
NOI $76,754 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$3.18M
$2.79M – $3.71M
NOI $222,886 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Artomé
Industrial Manufacturer
Location Insight
- Map
- Local Demand
- City
- Lakeland
- County
- Polk
- State
- Florida
- Longitude
- -82.0167734
- Latitude
- 27.997559
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Two-building property with income potential near Lakeland Airport.
Where is this flex space located?
The property is located at 3714 DMG Drive Lakeland, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Value‑add investment or owner‑user opportunity in Lakeland's thriving economic landscape.; Two‑building property: **7,000 ± SF warehouse and 13,250 ± SF office building.**; Immediate income potential from existing short‑term leases.
