Spacious Industrial Property with
For Sale
Contact for pricing
Pending
4950 S Frontage Dr, Lakeland, FL
51,911 SF industrial building with office space for sale.
Property Size51,911 SF
Lot Size4.19 Acres
Days on Market430
Property Features for 4950 S Frontage Dr
General Information
Standard status
Pending
Size
51,911 SF
Lot size
4.19 Acres
Property subtype
INDUSTRIAL
Listing Agency:
O'Neil Commercial Advisors
(813) 787-5669
Listed By:
Cheri O'Neil · License #BK532677
(813) 787-5669
Source:
Moodyscre
Added: Jun 26, 2025
Changed: Aug 8
Last Checked: Aug 28 at 8:11PM
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 O'Neil Commercial Advisors
Investment Insights
Based on property information with market context.
This 51,911 square foot industrial building is situated on a 4.01-acre lot and features both ground floor and mezzanine office spaces. The ground floor office space encompasses approximately 3,500 square feet and includes a large reception area, four private offices, and two restrooms, along with two locker rooms. The mezzanine office space offers approximately 1,580 square feet, featuring a conference room, four private offices, and two restrooms. Internal stairs connect the mezzanine office to the ground floor office, while external stairs provide access to the warehouse. The property is fully sprinklered for fire safety and includes eight grade-level doors and two dock-high doors. It has a power supply of 277/480 Volt, 1,200-Amp, 3-Phase. The location offers prime visibility along South Frontage Road and Interstate 4, with excellent accessibility via three access points. This provides high public exposure for potential branding opportunities.
Key Highlights
- Prime visibility along South Frontage Rd and Interstate 4
- ± 3,500 SF Ground Floor Office and ± 1,580 SF Mezzanine Office
- Excellent accessibility with 3 access points
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
$300,709
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
4.63%
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%
$6,014,180
$6.0M
Cap Rate 7%
$4,295,843
$4.3M
Cap Rate 9%
$3,341,211
$3.3M
Market Conditions
NOI Build-Up for 51,911 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
$386.2K $7.44/SF
− Vacancy
−$32.4K −$0.62/SF
EGI
$353.8K $6.82/SF
− OpEx
−$53.1K −$1.02/SF
NOI
$300.7K $5.79/SF
Area
Lakeland, FL
Vacancy
8.40%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
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%
$6,014,180
Cap Rate 7%
$4,295,843
Cap Rate 9%
$3,341,211
Alternative Uses
Best Use
Warehouse
$4.30M
$3.76M – $5.01M
NOI $300,709 @ 7.0% cap · market cap 4.63%
Second Best
Flex RnD
$3.99M
$3.49M – $4.66M
NOI $279,385 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$12.47M
$10.92M – $14.55M
NOI $873,226 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Lakeland, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- American Trailer Rentals, Inc. — 3020 E Main St, Lakeland, FL 33801
- Storage Zone Self Storage and Business Centers — 2240 Peachtree St, Lakeland, FL 33801
- CubeSmart Self Storage — 3345 US-92, Lakeland, FL 33801
- CC Moving Company — 610 n combee rd, lakeland, fl 33801
Frequently Asked Questions
What type of property is this?
Warehouse - 51,911 SF industrial building with office space for sale.
Where is this warehouse located?
The property is located at 4950 S Frontage Dr Lakeland, FL.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Prime visibility along South Frontage Rd and Interstate 4; ± 3,500 SF Ground Floor Office and ± 1,580 SF Mezzanine Office; Excellent accessibility with 3 access points
