Flex Building with Warehouse
For Sale
$3,000,000
4150 Kidron Road, Lakeland, FL 33811
Office-heavy flex property with warehouse and loading areas under PUD 4428 A-1 (I-2) zoning.
Property Size30,000 SF
Lot Size3.20 Acres
Price / SF$100
Days on Market377
Property Features for 4150 Kidron Road
General Information
Standard status
Active
Size
30,000 SF
Lot size
3.20 Acres
Property subtype
IND, OFC, OFC-MED
Zoning
PUD 4428 A-1 (I-2)
Building Details
Building Size
30,000 SF
Year Built
1988
Buildings
1
Construction
metal A-frame
Listing Agency:
SVN | Saunders Ralston Dantzler Real Estate
(863) 648-1528
Listed By:
David Hungerford · License #3281084
(863) 648-1528
Source:
Realnex
Added: Aug 21, 2025
Changed: Aug 31
Last Checked: Aug 31 at 12:33PM
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 Real Estate
Investment Insights
Based on property information with market context.
This 30,000 ± SF flex building occupies a 3.20-acre parcel and was constructed in 1988. The existing configuration is predominantly office space, supplemented by warehouse and loading areas. Its metal A-frame construction provides a basis for potential reconfiguration toward warehouse or manufacturing use.
The property is located at 4150 Kidron Road in Lakeland, Florida, adjacent to the Amazon Air Cargo Hub and the Ruthven Air Park complex. Zoning is identified as PUD 4428 A-1 (I-2). Parcel lines do not align with the building and driveway footprints, and adjustments or easements may be required at closing.
The property is located at 4150 Kidron Road in Lakeland, Florida, adjacent to the Amazon Air Cargo Hub and the Ruthven Air Park complex. Zoning is identified as PUD 4428 A-1 (I-2). Parcel lines do not align with the building and driveway footprints, and adjustments or easements may be required at closing.
Key Highlights
- 30,000 ± SF flex building on a 3.20‑acre parcel
- Predominantly office layout with warehouse and loading areas
- Metal A‑frame construction may support warehouse or manufacturing reconfiguration
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
$161,460
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
5.38%
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%
$3,229,200
$3.2M
Cap Rate 7%
$2,306,571
$2.3M
Cap Rate 9%
$1,794,000
$1.8M
Market Conditions
NOI Build-Up for 30,000 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
$270.0K $9.00/SF
− Vacancy
−$21.6K −$0.72/SF
EGI
$248.4K $8.28/SF
− OpEx
−$86.9K −$2.90/SF
NOI
$161.5K $5.38/SF
Area
Lakeland, FL
Vacancy
8.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
35.00%
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%
$3,229,200
Cap Rate 7%
$2,306,571
Cap Rate 9%
$1,794,000
Alternative Uses
Best Use
Office B
$5.26M
$4.61M – $6.14M
NOI $368,550 @ 7.0% cap · market cap 12.29%
Second Best
Flex RnD
$2.31M
$2.02M – $2.69M
NOI $161,460 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$7.21M
$6.31M – $8.41M
NOI $504,648 @ 7.0% cap · market cap 16.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Office-heavy flex property with warehouse and loading areas under PUD 4428 A-1 (I-2) zoning.
Where is this flex space located?
The property is located at 4150 Kidron Road Lakeland, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 30,000 ± SF flex building on a 3.20‑acre parcel; Predominantly office layout with warehouse and loading areas; Metal A‑frame construction may support warehouse or manufacturing reconfiguration
