Industrial Flex Space with
For Sale
$2,500,000
4030 S Pipkin Rd, Lakeland, FL 33811
Flexible layout supports owner occupancy, separate leasing, and future operational expansion.
Property Size12,000 SF
Lot Size2.00 Acres
Price / SF$208.33
Days on Market47
Property Features for 4030 S Pipkin Rd
General Information
Standard status
Active
Size
12,000 SF
Class
C
Total Parking Spaces
84
Lot size
2.00 Acres
Property subtype
Industrial - Flex - Industrial
Additional Details
Drive-In Doors
1
Building Details
Building Size
12,000 SF
Year Built
2004
Buildings
1
Listing Agency:
Saunders Real Estate
Listed By:
David Hungerford · License #3281084
(863) 660-3138
Source:
Commercialcafe
Added: Sep 21
Changed: Nov 4
Last Checked: Nov 4 at 10:06AM
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
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Investment Insights
Based on property information with market context.
Located at 4030 S Pipkin Rd in Lakeland’s Airport submarket, this 12,000 ± SF flex property was built in 2004. The facility includes approximately 26 offices, open areas, high-quality office finishes, 84 parking spaces, and one grade-level loading door. A portion of the office area could be converted back to warehouse space, creating additional flexibility for different operating requirements.
The approximately 2-acre site includes a large rear open area that may support future building expansion, subject to engineering and site-plan approval. Off-site retention helps preserve usable site area, while an irrigation well and available personal property add functional site and building features. The interior can potentially be divided into two functional units, providing separate occupancy and leasing options within the same property.
The approximately 2-acre site includes a large rear open area that may support future building expansion, subject to engineering and site-plan approval. Off-site retention helps preserve usable site area, while an irrigation well and available personal property add functional site and building features. The interior can potentially be divided into two functional units, providing separate occupancy and leasing options within the same property.
Key Highlights
- 12,000 ± SF industrial flex property built in 2004
- Approximately 26 offices with open areas and high‑quality office finishes
- 84 parking spaces and one grade‑level loading door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,420
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,948,400
$2.9M
Cap Rate 7%
$2,106,000
$2.1M
Cap Rate 9%
$1,638,000
$1.6M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$252.0K $21.00/SF
− Vacancy
−$55.4K −$4.62/SF
EGI
$196.6K $16.38/SF
− OpEx
−$49.1K −$4.10/SF
NOI
$147.4K $12.29/SF
Area
Lakeland, FL
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,948,400
Cap Rate 7%
$2,106,000
Cap Rate 9%
$1,638,000
Alternative Uses
Best Use
Office B
$2.11M
$1.84M – $2.46M
NOI $147,420 @ 7.0% cap · market cap 5.90%
Second Best
Flex RnD
$922.6K
$807.3K – $1.08M
NOI $64,584 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,859 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
Balanced
Demand for This Use
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Flexible layout supports owner occupancy, separate leasing, and future operational expansion.
Where is this flex space located?
The property is located at 4030 S Pipkin Rd Lakeland, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 12,000 ± SF industrial flex property built in 2004; Approximately 26 offices with open areas and high‑quality office finishes; 84 parking spaces and one grade‑level loading door
