Stand-Alone Flex
For Sale
$459,000
530 W BRANNEN ROAD, Lakeland, FL 33813
Open layout includes private offices, restrooms, and on-site parking.
Property Size1,920 SF
Days on Market195
Property Features for 530 W BRANNEN ROAD
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Commercial
Zoning
C-4
Additional Details
Three-Phase Power
Yes
Taxes and HOA fees
Annual Taxes
$3,822
Amenities
open floor plan
private offices
restrooms
Building Details
Building Size
1,920 SF
Year Built
1965
Buildings
1
Listing Agency:
BHHS FLORIDA PROPERTIES GROUP
(863) 666-4136
Listed By:
Wes Fleming
(863) 666-4136
Source:
Mbifloridarealty
Added: Feb 9
Changed: Aug 19
Last Checked: Aug 22 at 12:34PM
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 BHHS FLORIDA PROPERTIES GROUP
Investment Insights
Based on property information with market context.
This stand-alone flex property provides nearly 2,000 square feet in an open configuration with private offices, restrooms, and on-site parking. Built in 1965, the building offers a practical foundation for office, retail, service, storage, distribution, repair, wellness, fitness, or similar commercial uses, subject to applicable approvals.
The property is located at 530 W Brannen Road in Lakeland, with access to major roads and nearby local businesses. C-4 zoning is in place, and buyers should confirm zoning compliance, permits, and intended use with the appropriate local authorities.
The property is located at 530 W Brannen Road in Lakeland, with access to major roads and nearby local businesses. C-4 zoning is in place, and buyers should confirm zoning compliance, permits, and intended use with the appropriate local authorities.
Key Highlights
- Nearly 2,000 square feet in a stand‑alone commercial building
- Open floor plan with private offices and restrooms
- On‑site parking included
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
$23,587
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
5.14%
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%
$471,740
$471.7K
Cap Rate 7%
$336,957
$337.0K
Cap Rate 9%
$262,078
$262.1K
Market Conditions
NOI Build-Up for 1,920 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
$40.3K $21.00/SF
− Vacancy
−$8.9K −$4.62/SF
EGI
$31.4K $16.38/SF
− OpEx
−$7.9K −$4.10/SF
NOI
$23.6K $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 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%
$471,740
Cap Rate 7%
$336,957
Cap Rate 9%
$262,078
Alternative Uses
Best Use
Office B
$337.0K
$294.8K – $393.1K
NOI $23,587 @ 7.0% cap · market cap 5.14%
Second Best
Flex RnD
$147.6K
$129.2K – $172.2K
NOI $10,333 @ 7.0% cap · market cap 2.25%
Theoretical Best
Office A
$461.4K
$403.7K – $538.3K
NOI $32,297 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33813, FL
36,448
Population
14,787
Households
2.5
Avg Household Size
42
Median Age
39%
College-Educated
94%
High-School Grad
21.0 sq mi
ZIP Area
1,736
Density / Sq Mi
$96,723
Median Household Income
$50,581
Median Earnings
$1,637
Median Rent
$330,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Epic Bites Catering — 6100 Florida Ave S, Lakeland, FL 33813
- Bottoms Up Bar & Events — 502 W Brannen Rd, Lakeland, FL 33813
Frequently Asked Questions
What type of property is this?
Flex space - Open layout includes private offices, restrooms, and on-site parking.
Where is this flex space located?
The property is located at 530 W BRANNEN ROAD Lakeland, FL.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Nearly 2,000 square feet in a stand‑alone commercial building; Open floor plan with private offices and restrooms; On‑site parking included
