Restaurant with Built-Out
For Sale
Contact for pricing
4417 Florida Ave S, Lakeland, FL 33813
CG-zoned restaurant space includes kitchen equipment under warranty and a newly constructed interior ready for food service operations.
Property Size975 SF
Price / SF$82.05
Days on Market17
Property Features for 4417 Florida Ave S
General Information
Standard status
Active
Size
975 SF
Property subtype
Retail
Zoning
CG
Investment Type
Owner/User
Building Details
Year Built
2025
Year Renovated
2025
Listing Agency:
Berkshire Hathaway HomeServices Florida Properties Group
Listed By:
Mari Carreras · License #SL3614204
Source:
Crexi
Added: Aug 6
Changed: Aug 21
Last Checked: Aug 22 at 5:52PM
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 Berkshire Hathaway HomeServices Florida Properties Group
Investment Insights
Based on property information with market context.
This conventional restaurant property at 4417 Florida Ave S features a fully constructed kitchen with equipment that remains under warranty. Built in 2025, the property is configured for restaurant operations and is offered as an asset sale rather than as an operating business. The space may accommodate a new food-and-beverage concept or continued use of its existing restaurant setup.
The property is located in South Lakeland within an area described as having residential density and established commercial activity. CG zoning is in place, and the asset is positioned along Florida Ave S.
The property is located in South Lakeland within an area described as having residential density and established commercial activity. CG zoning is in place, and the asset is positioned along Florida Ave S.
Key Highlights
- Fully built‑out restaurant kitchen
- Kitchen equipment remains under warranty
- Constructed in 2025
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
$4,651
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
5.81%
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%
$93,020
$93.0K
Cap Rate 7%
$66,443
$66.4K
Cap Rate 9%
$51,678
$51.7K
Market Conditions
NOI Build-Up for 975 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
$7.3K $7.44/SF
− Vacancy
−$609 −$0.62/SF
EGI
$6.6K $6.82/SF
− OpEx
−$2.0K −$2.04/SF
NOI
$4.7K $4.77/SF
Area
Lakeland, FL
Vacancy
8.40%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
30.00%
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%
$93,020
Cap Rate 7%
$66,443
Cap Rate 9%
$51,678
Alternative Uses
Best Use
Specialty Retail
$181.1K
$158.5K – $211.3K
NOI $12,676 @ 7.0% cap · market cap 15.85%
Second Best
Industrial
$66.4K
$58.1K – $77.5K
NOI $4,651 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$234.3K
$205.0K – $273.4K
NOI $16,401 @ 7.0% cap · market cap 20.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,128
Businesses Nearby
388k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 21%
Groceries 15%
Superstores 6%
Chick-fil-A
Dining
67,274 visits/mo
0.3 miles
Aldi
Groceries
39,232 visits/mo
0.2 miles
Big Lots
Superstores
21,869 visits/mo
0.3 miles
ABC Fine Wine & Spirits
Groceries
18,980 visits/mo
0.3 miles
Panera Bread
Dining
17,355 visits/mo
0.3 miles
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 Retail 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?
Conventional restaurant - CG-zoned restaurant space includes kitchen equipment under warranty and a newly constructed interior ready for food service operations.
Where is this conventional restaurant located?
The property is located at 4417 Florida Ave S Lakeland, FL.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: Fully built‑out restaurant kitchen; Kitchen equipment remains under warranty; Constructed in 2025
