Freestanding Two-Suite Office
For Sale
$415,000
4414 S Florida Ct, Lakeland, FL 33813
Two separately accessed office suites feature configurable layouts, renovated finishes, and on-site parking.
Property Size1,596 SF
Price / SF$260.03
Days on Market68
Property Features for 4414 S Florida Ct
General Information
Standard status
Active
Size
1,596 SF
Taxes and HOA fees
Annual Taxes
$4,199
Listing Agency:
REGAL REAL ESTATE LLC
(863) 698-6000
Listed By:
Tammy Storie · License #3085009
(863) 698-6000
Source:
Exprealty
Added: Jun 2
Changed: Aug 7
Last Checked: Aug 8 at 9:04AM
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 REGAL REAL ESTATE LLC
Investment Insights
Based on property information with market context.
This freestanding office property contains two separately accessed suites totaling 1,596 square feet, with 798 sq ft under air in each side. The layouts include private offices, restrooms, closets, and conference room areas, allowing the interior configuration to serve different office requirements. Both suites are currently occupied, and the building has received updates to its bathrooms, flooring, paint, and blinds. A wooden access ramp serves both entrances.
The property sits in South Lakeland on just over a quarter of an acre and includes 6 parking spaces. Its two-suite design provides distinct entry points and separate office areas within one building, while the existing occupancy offers an established operating configuration.
The property sits in South Lakeland on just over a quarter of an acre and includes 6 parking spaces. Its two-suite design provides distinct entry points and separate office areas within one building, while the existing occupancy offers an established operating configuration.
Key Highlights
- Two separately accessed office suites, each with 798 sq ft under air
- 1,596 square feet total on just over a quarter of an acre
- 6 parking spaces included
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
$19,607
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
4.72%
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%
$392,140
$392.1K
Cap Rate 7%
$280,100
$280.1K
Cap Rate 9%
$217,856
$217.9K
Market Conditions
NOI Build-Up for 1,596 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
$33.5K $21.00/SF
− Vacancy
−$7.4K −$4.62/SF
EGI
$26.1K $16.38/SF
− OpEx
−$6.5K −$4.10/SF
NOI
$19.6K $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 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%
$392,140
Cap Rate 7%
$280,100
Cap Rate 9%
$217,856
Alternative Uses
Best Use
Office B
$280.1K
$245.1K – $326.8K
NOI $19,607 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$383.5K
$335.6K – $447.5K
NOI $26,847 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,128
Businesses Nearby
Explore this area
Business Placement
Demographics for 33813, FL
36,448
Population
14,787
Households
2.5
Avg Household Size
42
Median Age
39%
College-Educated
94%
High-School Grad
21.0 sq mi
ZIP Area
1,736
Density / Sq Mi
$96,723
Median Household Income
$50,581
Median Earnings
$1,637
Median Rent
$330,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two separately accessed office suites feature configurable layouts, renovated finishes, and on-site parking.
Where is this office building located?
The property is located at 4414 S Florida Ct Lakeland, FL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two separately accessed office suites, each with 798 sq ft under air; 1,596 square feet total on just over a quarter of an acre; 6 parking spaces included
