Commercial Land with
New
For Sale
$799,000
4930 US HIGHWAY 92 E, Lakeland, FL 33801
Two existing buildings and substantial outdoor area offer flexibility for commercial operations, storage, parking, or future improvements.
Property Size4,080 SF
Days on Market4
Property Features for 4930 US HIGHWAY 92 E
General Information
Standard status
Active
Size
4,080 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,565
Building Details
Building Size
4,080 SF
Year Built
1966
Listing Agency:
Wagner Realty
Listed By:
Ryan Hoffman · License #3051574
(941) 773-9184
Source:
Elliman
Added: Sep 18
Last Checked: Sep 21 at 8:18AM
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 Wagner Realty
Investment Insights
Based on property information with market context.
This 1.49±-acre commercial land parcel includes two existing buildings and an outdoor area that can accommodate vehicles, equipment, inventory, parking, or additional improvements. The existing improvements were built in 1966, providing an established physical foundation for continued commercial use or repositioning.
The property fronts US Highway 92 and is positioned between Lakeland and Auburndale. Its configuration may suit automotive, equipment-related, contractor, and service-commercial operations, subject to applicable zoning requirements and governmental approvals for proposed uses and improvements.
The property fronts US Highway 92 and is positioned between Lakeland and Auburndale. Its configuration may suit automotive, equipment-related, contractor, and service-commercial operations, subject to applicable zoning requirements and governmental approvals for proposed uses and improvements.
Key Highlights
- 1.49± acres along US Highway 92
- Two existing buildings included
- Outdoor area for vehicles, equipment, inventory, or parking
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
$45,818
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
5.73%
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%
$916,360
$916.4K
Cap Rate 7%
$654,543
$654.5K
Cap Rate 9%
$509,089
$509.1K
Market Conditions
NOI Build-Up for 4,080 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
$71.0K $17.40/SF
− Vacancy
−$5.5K −$1.36/SF
EGI
$65.5K $16.04/SF
− OpEx
−$19.6K −$4.81/SF
NOI
$45.8K $11.23/SF
Area
Lakeland, FL
Vacancy
7.80%
Lease Rate
$17.40 /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%
$916,360
Cap Rate 7%
$654,543
Cap Rate 9%
$509,089
Alternative Uses
Best Use
Retail
$654.5K
$572.7K – $763.6K
NOI $45,818 @ 7.0% cap · market cap 5.73%
Second Best
Industrial
$278.1K
$243.3K – $324.4K
NOI $19,464 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$980.5K
$857.9K – $1.14M
NOI $68,632 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
14,978 visits/mo
0.1 miles
Dollar General
Shops & Services
4,938 visits/mo
0.4 miles
Family Dollar
Shops & Services
4,108 visits/mo
0.2 miles
Demographics for 33801, FL
36,798
Population
15,365
Households
2.4
Avg Household Size
34
Median Age
16%
College-Educated
84%
High-School Grad
18.9 sq mi
ZIP Area
1,947
Density / Sq Mi
$49,210
Median Household Income
$30,055
Median Earnings
$1,100
Median Rent
$138,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Two existing buildings and substantial outdoor area offer flexibility for commercial operations, storage, parking, or future improvements.
Where is this commercial land located?
The property is located at 4930 US HIGHWAY 92 E Lakeland, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 1.49± acres along US Highway 92; Two existing buildings included; Outdoor area for vehicles, equipment, inventory, or parking
