Commercial Land with Existing
For Sale
$995,000
4930 US HIGHWAY 92 E, Lakeland, FL 33801
Commercial Sale, LAKELAND, FL
Property Size4,080 SF
Lot Size1.50 Acres
Price / SF$243.87
Days on Market111
Property Features for 4930 US HIGHWAY 92 E
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-3
Directions
Heading east on US 92, make a u-turn at Old Dixie Hwy. Destination will be on your right.
Subdivision
33801 - Lakeland
Standard status
Active
APN
24-28-13-000000-012060
Size
4,080 SF
Lot size
1.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG 431PT84 FT W OF INT OF AUBURNDALE RD & ST HWY 92 RUN N 300 FT E 215.92 S 300 FT W TO BEG LESS HWY R/W
Tax Annual Amount
2566
Legal Description
BEG 431PT84 FT W OF INT OF AUBURNDALE RD & ST HWY 92 RUN N 300 FT E 215.92 S 300 FT W TO BEG LESS HWY R/W
Building Details
Year built
1966
Floors in Building
1
Building materials
Metal Frame
Listing Agency:
CENTURY 21 MYERS REALTY · Century 21 Real Estate
(863) 875-5656
Listed By:
Tony Acosta · License #3108388
(863) 224-5956
Added: May 7
Changed: Aug 24
Last Checked: Aug 25 at 3:06AM
MLS# S5149510
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1.5-acre commercial property includes an existing 4,080-square-foot metal-frame building constructed in 1966. The site is configured with outdoor parking and storage areas, providing space for vehicle parking, equipment, inventory staging, or other operational needs. C-3 zoning supports its commercial land classification.
The property is located at 4930 US Highway 92 E in Lakeland, Florida, with frontage along the highway and adjacency to a convenience store. Existing commercial activity surrounds the site, while the property’s location on a divided highway provides direct roadway exposure and access.
The property is located at 4930 US Highway 92 E in Lakeland, Florida, with frontage along the highway and adjacency to a convenience store. Existing commercial activity surrounds the site, while the property’s location on a divided highway provides direct roadway exposure and access.
Key Highlights
- 1.5‑acre commercial land site
- Existing 4,080‑square‑foot building
- C‑3 zoning
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
4.60%
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 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$980.5K
$857.9K – $1.14M
NOI $68,632 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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?
Commercial land - C-3-zoned commercial site with an existing metal-frame building, outdoor parking, and storage capacity along US Highway 92 E.
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 $995,000.
What are key features of this property?
This property features: 1.5‑acre commercial land site; Existing 4,080‑square‑foot building; C‑3 zoning
