Single-Tenant Flex
4245 S Pipkin Road, Lakeland, FL 33811
For Sale
Contact for pricing
Pending
Tilt-wall construction accommodates finished offices alongside a rear-loading warehouse area for flexible business operations.
Property Size29,734 SF
Lot Size4.00 Acres
Days on Market55
Property Features for 4245 S Pipkin Road
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Additional Details
Highway Access
Building Details
Buildings
Construction
Tenancy
Abandoned
Listing Agency:
Saunders Real Estate
Listed By:
Joey Hungerford · License #SL 3618062
(863) 660-3511
Source:
Crexi
Added: Sep 15
Changed: Oct 26
Last Checked: Nov 6 at 7:21AM
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.
This 29,734 ± SF flex property is fully leased to Revere Control Systems Inc. The tilt-wall concrete building combines finished office space with a rear-load warehouse layout, supported by two dock-high doors and two grade-level doors. Approximately ten years remain on the current lease, providing an established occupancy profile for the property.
The asset occupies approximately 4 acres within Parkway Corporate Center in Lakeland’s Airport submarket. The site includes 1.2 ± acres of additional land that may support future building expansion or outdoor storage, subject to applicable approvals. Access is convenient to Lakeland Linder International Airport, Publix’s corporate headquarters, the Polk Parkway, County Line Road, and I-4.
The asset occupies approximately 4 acres within Parkway Corporate Center in Lakeland’s Airport submarket. The site includes 1.2 ± acres of additional land that may support future building expansion or outdoor storage, subject to applicable approvals. Access is convenient to Lakeland Linder International Airport, Publix’s corporate headquarters, the Polk Parkway, County Line Road, and I-4.
Key Highlights
- 29,734 ± SF single‑tenant flex building
- Fully leased to Revere Control Systems Inc.
- Approximately 4 acres, including 1.2 ± acres of additional land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,243
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,444,860
$3.4M
Cap Rate 7%
$2,460,614
$2.5M
Cap Rate 9%
$1,913,811
$1.9M
Market Conditions
NOI Build-Up for 29,734 SF
Gross rent
$221.2K $7.44/SF
− Vacancy
−$18.6K −$0.62/SF
EGI
$202.6K $6.82/SF
− OpEx
−$30.4K −$1.02/SF
NOI
$172.2K $5.79/SF
Area
Lakeland, FL
Vacancy
8.40%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,444,860
Cap Rate 7%
$2,460,614
Cap Rate 9%
$1,913,811
Alternative Uses
Best Use
Warehouse
$2.46M
$2.15M – $2.87M
NOI $172,243 @ 7.0% cap · market cap 4.47%
Second Best
Flex RnD
$2.29M
$2.00M – $2.67M
NOI $160,028 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$7.15M
$6.25M – $8.34M
NOI $500,173 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Under-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
Check the figures for this property
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Market
Properties on Market for Flex space in Lakeland
Vacancy Rate% for Industrial in Lakeland, FL
Frequently Asked Questions
What type of property is this?
Flex space - Tilt-wall construction accommodates finished offices alongside a rear-loading warehouse area for flexible business operations.
Where is this flex space located?
The property is located at 4245 S Pipkin Road Lakeland, FL.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: 29,734 ± SF single‑tenant flex building; Fully leased to Revere Control Systems Inc.; Approximately 4 acres, including 1.2 ± acres of additional land
