Office Building with Conference
For Sale
$996,000
4927 SOUTHFORK DRIVE, Lakeland, FL 33813
Central air, a full kitchen, and four private bathrooms support a functional office layout.
Property Size5,204 SF
Price / SF$191.39
Days on Market74
Property Features for 4927 SOUTHFORK DRIVE
General Information
Standard status
Active
Size
5,204 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$11,614
Amenities
conference rooms
full kitchen
private bathrooms
Central Air
3
82.9x135
City Road, Paved Road.
Building Details
Year Built
1982
Buildings
1
Owner Occupied
Yes
Listing Agency:
SHAWN R MCDONALD REALTYGRP INC
(863) 287-0213
Listed By:
Shawn McDonald · License #3079246
Source:
Xome
Added: May 24
Changed: Aug 5
Last Checked: Aug 5 at 7:26AM
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 5,204-square-foot office building, constructed in 1982, provides a practical configuration for professional occupancy. Interior features include two conference rooms, a full kitchen, central air, and four private bathrooms. The property also offers a negotiable occupancy arrangement: the current owner plans to lease back approximately 2,600 square feet, with the option for the entire building to become available if the owner relocates.
The site measures 82.9 by 135 feet and is served by a paved city road. The building’s layout allows the available office area and number of private offices to be determined through the leaseback terms and the new owner’s requirements.
The site measures 82.9 by 135 feet and is served by a paved city road. The building’s layout allows the available office area and number of private offices to be determined through the leaseback terms and the new owner’s requirements.
Key Highlights
- 5,204 SF office building constructed in 1982
- Current owner plans to lease back approximately 2,600 SF
- Two conference rooms and a full kitchen
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 | $109.3k | $21.00 |
| − Vacancy | −$24.0k | −$4.62 |
| EGI | $85.2k | $16.38 |
| − OpEx | −$21.3k | −$4.10 |
| NOI | $63.9k | $12.29 |
5,204 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$913.3K
$799.1K – $1.07M
NOI $63,931 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,540 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,133
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 - Central air, a full kitchen, and four private bathrooms support a functional office layout.
Where is this office building located?
The property is located at 4927 SOUTHFORK DRIVE Lakeland, FL.
What is the asking price?
The asking price for this property is $996,000.
What are key features of this property?
This property features: 5,204 SF office building constructed in 1982; Current owner plans to lease back approximately 2,600 SF; Two conference rooms and a full kitchen
