Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Industrial Land Opportunity Title is generated by Realmo AI

    4298 S Pipkin Rd, Lakeland, FL 33811

    View on Map
    Claim this Listing
    For Sale
    $1,390,000

    3.54 acre industrial site ready for development.

    Type:Land
    Lot size:
    3.54 Acres
    Added:
    Aug 6, 2025
    Days on Market:
    301
    Last Refresh:
    May 26 at 12:02 am

    Property Features for 4298 S Pipkin Rd

    General Information

    Standard status
    Active
    Lot size
    3.54 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Shawn McDonald
    Shawn McDonald

    Listing agent Shawn McDonald License #3079246

    Listing office SHAWN R MCDONALD REALTYGRP INC

    Listing date Aug 6, 2025

    Source Exprealty

    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 SHAWN R MCDONALD REALTYGRP INC

    HighLights

    • 3. 54 ± acre site ready for commercial building or warehouse development.
    • Strategic corner location at S. Pipkin Rd. & Pipkin Creek Rd. with significant road frontage.
    • Zoned for Vacant Industrial, offering flexibility.
    • Excellent logistical connectivity near Lakeland Airport, County Line Rd., and Interstate 4.
    • Proximity to major distribution centers and a growing employment hub.
    • Located in an area with established residential communities and high‑traffic industrial corridors.

    Overview

    This 3.54 acre property is located within the Parkway Corporate Center on the corner of S. Pipkin Rd. and Pipkin Creek Rd., offering approximately 250 feet of direct frontage on S. Pipkin Rd. and 600 feet of frontage on Pipkin Creek Rd. Zoned for Vacant Industrial, the site presents options for an owner-user or developer to create a space for their company or investment income. The property is located near Lakeland Airport and County Line Rd., with convenient access to Interstate 4 and major distribution centers, benefiting from logistical connectivity and proximity to a growing employment hub. The surrounding area includes established residential communities and high-traffic industrial corridors, enhancing the marketability and absorption potential of new development.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.9929155
    Latitude
    27.9871831

    Nearby Similar for Sale

    • $799,000
      3,848 SF

      Free Standing Retail Building

      Ideally located commercial building with high visibility and access.
      610 N COMBEE ROAD, LAKELAND, FL 33801
      View Details
    • $995,000
      4,080 SF

      Highway Frontage Mixed-Use Property

      High-visibility commercial property with office/retail space and outdoor parking.
      4930 US HIGHWAY 92 E, LAKELAND, FL 33801
      View Details
    • $450,000
      1,655 SF

      Lakeland Office with Fenced Yard

      Office property in prime location with excellent accessibility.
      313 W HIGHLAND DRIVE, LAKELAND, FL 33813
      View Details
    • $829,900
      3,617 SF

      New Duplex in Lakeland, FL

      New construction duplex with income potential near Downtown Lakeland.
      1031 E LIME STREET, LAKELAND, FL 33801
      View Details
    • $5,500,000
      22,500 SF

      Lakeland Industrial Flex Space Available

      22,500 SF available with modern office and air-conditioned warehouse.
      3025 WHITTEN RD, Lakeland, FL 33811
      View Details
    • $849,900

      Lakeland Land with Highway Frontage

      5.56 acres in North Lakeland with development potential.
      1301 DUFF ROAD, LAKELAND, FL 33810
      View Details
    • $569,000

      Lakeland Commercial Property Investment Opportunity

      Prime commercial property near Florida Avenue in Lakeland, Florida.
      305 & 309 W MEMORIAL BOULEVARD, LAKELAND, FL 33801
      View Details
    • $275,000
      4,566 SF

      Lakeland Redevelopment Opportunity

      2.72 acres of commercial land in a growing market.
      1100 SKYVIEW BOULEVARD, LAKELAND, FL 33801
      View Details
    • $675,000
      4,056 SF

      Lakeland Quadruplex: Income Opportunity

      Income-producing quadplex in Lakeland, generating approximately $70,000 annual gross rental income.
      1962 CRYSTAL GROVE DRIVE, LAKELAND, FL 33801
      View Details
    • $750,000
      8,591 SF

      Lakeland Assembly Building For Sale

      Income-producing property with development potential in Lakeland, Florida.
      4626 S PIPKIN ROAD, LAKELAND, FL 33811
      View Details
    • $599,000

      Highway Frontage Land in Lakeland

      14-acre parcel with highway frontage in rapidly growing area.
      9232 US HIGHWAY 98 N, LAKELAND, FL 33809
      View Details
    • $599,900
      2,624 SF

      Income-Producing Quadplex Near FSC

      Fully occupied Lakeland quadplex near Florida Southern College.
      201 ARIANA STREET, LAKELAND, FL 33803
      View Details

    FAQs

    What type of property is this?
    Industrial land - 3.54 acre industrial site ready for development.
    Where is this industrial land located?
    The property is located at 4298 S Pipkin Rd Lakeland, FL.
    What is the asking price?
    The asking price for this property is $1,390,000.
    What are key features of this property?
    This property features: 3. 54 ± acre site ready for commercial building or warehouse development.; Strategic corner location at S. Pipkin Rd. & Pipkin Creek Rd. with significant road frontage.; Zoned for Vacant Industrial, offering flexibility.
    (863) 287-0213
    We can help!
    Listing Contact
    Shawn McDonald
    Shawn McDonald
    Real Estate License ID: 3079246
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4298 S Pipkin Rd, Lakeland, FL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!