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$199.46
Days on Market213
Property Features for 501 Peachtree St
General Information
Standard status
Active
Size
2,958 SF
Total Parking Spaces
12
Property subtype
OFFICE
Site & Location
Neighborhood
North Lake Wire
Listing Agency:
Broadway Real Estate Services
(863) 683-3425
Listed By:
Jack Strollo · License #FLORIDABK698301
Source:
Moodyscre
Added: Apr 7
Changed: Oct 25
Last Checked: Nov 4 at 11:45AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$36,339
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,780
$726.8K
Cap Rate 7%
$519,129
$519.1K
Cap Rate 9%
$403,767
$403.8K
Market Conditions
NOI Build-Up for 2,958 SF
Gross rent
$62.1K $21.00/SF
− Vacancy
−$13.7K −$4.62/SF
EGI
$48.5K $16.38/SF
− OpEx
−$12.1K −$4.10/SF
NOI
$36.3K $12.29/SF
Area
Lakeland, FL
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,780
Cap Rate 7%
$519,129
Cap Rate 9%
$403,767
Alternative Uses
Best Use
Office B
$519.1K
$454.2K – $605.7K
NOI $36,339 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$710.8K
$622.0K – $829.3K
NOI $49,758 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,931
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
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 $590,000.
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
