Listing Agency: O'Neil Commercial Advisors Show Phone

Listed By: Cheri O'Neil · License #BK532677 Show Phone

Source: Moodyscre

Added: Jun 26, 2025 Changed: Sep 15 Last Checked: Oct 12 at 9:14PM

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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 / Yr

$300,709

Cap Rate

4.63%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $300,709 @ 7.0% cap · market cap 4.63%

Second Best

Flex RnD

$3.99M

$3.49M – $4.66M (±1% cap)

NOI $279,385 @ 7.0% cap · market cap 4.30%

Theoretical Best

Office A

$12.47M

$10.92M – $14.55M (±1% cap)

NOI $873,226 @ 7.0% cap · market cap 13.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

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

7.6% 2019

4.9% 2020

5.9% 2021

3.8% 2022

6.3% 2023

8.9% 2024

6.7% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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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