South Lakeland Office
4927 SOUTHFORK Dr Lakeland, FL 33813
For Sale
$995,000
Well-cared-for office building with private offices, conference rooms, and shared kitchen facilities.
Property Size5,200 SF
Price / SF$191.35
Days on Market51
Property Features for 4927 SOUTHFORK Dr
General Information
- Standard status
- Active
- Size
- 5,200 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1982
Listing Agency:
SHAWN R MCDONALD REALTYGRP INC
(863) 287-0213
Listed By:
Shawn McDonald · License #3079246
(863) 287-0213
Source:
Elliman
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 23 at 10:01AM
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
Investment Insights
Based on property information with market context.
This well-cared-for office building offers more than 5,200 SF and includes private offices, two conference rooms, a full kitchen, and multiple private bathroom areas. The building layout is available via floor plan, and the configuration of the available space and number of private offices can be negotiated based on the new owner’s needs and lease-back terms.
The property is offered for sale at 4927 Southfork Dr in Lakeland, Florida. The public remarks note that the area is somewhat bikeable and car-dependent, indicating practical reliance on vehicle access.
For an owner-occupant, the current owner’s planned lease-back provides flexibility while retaining the option to occupy the available portion. For investors or landlords, the building can also be held for rental income, with the tenant-ready amenities including conference space, a full kitchen, and private bathrooms to support professional day-to-day operations. The specific space that will be available at closing and the private office count are subject to negotiation.
The property is offered for sale at 4927 Southfork Dr in Lakeland, Florida. The public remarks note that the area is somewhat bikeable and car-dependent, indicating practical reliance on vehicle access.
For an owner-occupant, the current owner’s planned lease-back provides flexibility while retaining the option to occupy the available portion. For investors or landlords, the building can also be held for rental income, with the tenant-ready amenities including conference space, a full kitchen, and private bathrooms to support professional day-to-day operations. The specific space that will be available at closing and the private office count are subject to negotiation.
Key Highlights
- Office building built in 1982 with over 5,200 SF of space
- Owner plans to lease back approximately 2,600 SF +/- of occupied space
- Available layout includes private offices; number of offices and space size are negotiable to fit the new owner’s needs
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.2k | $21.00 |
| − Vacancy | −$24.0k | −$4.62 |
| EGI | $85.2k | $16.38 |
| − OpEx | −$21.3k | −$4.10 |
| NOI | $63.9k | $12.29 |
5,200 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$912.6K
$798.5K – $1.06M
NOI $63,882 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,472 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
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FAQs
What type of property is this?
Office building - Well-cared-for office building with private offices, conference rooms, and shared kitchen facilities.
Where is this office building located?
The property is located at 4927 SOUTHFORK Dr Lakeland, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Office building built in 1982 with over 5,200 SF of space; Owner plans to lease back approximately 2,600 SF +/- of occupied space; Available layout includes private offices; number of offices and space size are negotiable to fit the new owner’s needs
