Office Building with Gated
For Sale
Contact for pricing
501 Peachtree St, Lakeland, FL 33815
Flexible, open office layout within a gated property featuring approximately 12 parking spaces.
Property Size2,958 SF
Price / SF$252.87
Days on Market115
Property Features for 501 Peachtree St
General Information
Standard status
Active
Size
2,958 SF
Total Parking Spaces
12
Property subtype
OFFICE
Listing Agency:
Broadway Real Estate Services
(863) 683-3425
Listed By:
Jack Strollo · License #FLORIDABK698301
Source:
Moodyscre
Added: Apr 7
Changed: Jul 25
Last Checked: Jul 25 at 10:30AM
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 Broadway Real Estate Services
Investment Insights
Based on property information with market context.
This is a 2,958 SF office building with a flexible, open layout designed for multiple workspaces and breakout rooms. The property also offers gated on-site parking with approximately 12 spaces.
The building is located downtown Lakeland at 501 Peachtree St and is positioned on Lake Wire with scenic lake and skyline views. It is adjacent to the new “Prospect on Lake Wire” retail and multifamily development.
The building is located downtown Lakeland at 501 Peachtree St and is positioned on Lake Wire with scenic lake and skyline views. It is adjacent to the new “Prospect on Lake Wire” retail and multifamily development.
Key Highlights
- 2,958 SF downtown Lakeland office building
- Open, flexible office layout with multiple workspaces and breakout rooms
- Gated on‑site parking with approximately 12 spaces
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 | $62.1k | $21.00 |
| − Vacancy | −$13.7k | −$4.62 |
| EGI | $48.5k | $16.38 |
| − OpEx | −$12.1k | −$4.10 |
| NOI | $36.3k | $12.29 |
2,958 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$519.1K
$454.2K – $605.7K
NOI $36,339 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$710.8K
$622.0K – $829.3K
NOI $49,758 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,092
Businesses Nearby
Explore this area
Business Placement
Demographics for 33815, FL
15,681
Population
7,646
Households
2.1
Avg Household Size
40
Median Age
11%
College-Educated
80%
High-School Grad
7.4 sq mi
ZIP Area
2,119
Density / Sq Mi
$36,445
Median Household Income
$32,637
Median Earnings
$1,078
Median Rent
$42,700
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 - Flexible, open office layout within a gated property featuring approximately 12 parking spaces.
Where is this office building located?
The property is located at 501 Peachtree St Lakeland, FL.
What is the asking price?
The asking price for this property is $748,000.
What are key features of this property?
This property features: 2,958 SF downtown Lakeland office building; Open, flexible office layout with multiple workspaces and breakout rooms; Gated on‑site parking with approximately 12 spaces
