Partially Occupied Professional
For Sale
$929,000
5904 Hillside Heights Dr, Lakeland, FL 33812
Configured with private offices, meeting rooms, kitchenette areas, and flexible open workspace.
Property Size3,841 SF
Days on Market115
Property Features for 5904 Hillside Heights Dr
General Information
Standard status
Active
Size
3,841 SF
Class
A
Property subtype
Multi Tenant Office
Building Details
Building Size
3,841 SF
Listing Agency:
SVN | Saunders Ralston Dantzler Real Estate
Listed By:
David Hungerford · License #3281084
(863) 648-1528
Source:
Thebrokerlist
Added: Jun 23
Changed: Oct 12
Last Checked: Oct 14 at 7:41PM
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 SVN | Saunders Ralston Dantzler Real Estate
Investment Insights
Based on property information with market context.
This approximately 3,841-square-foot office building combines private work areas with adaptable space for day-to-day business operations. The interior includes a shared reception lobby, individual offices, conference rooms, kitchenette areas, and a sizable open workspace that can accommodate collaborative or bullpen-style arrangements.
The building is partially occupied by a recently signed tenant, leaving additional space for an owner-user while providing existing rental income. Its position along US Highway 98 places the property in the Highland City submarket of Lakeland, with a Publix shopping center to the north and new residential development to the south.
The address is 5904 Hillside Heights Dr, Lakeland, FL 33812. The combination of existing occupancy, dedicated office components, and flexible open area supports both owner occupancy and continued professional office use.
The building is partially occupied by a recently signed tenant, leaving additional space for an owner-user while providing existing rental income. Its position along US Highway 98 places the property in the Highland City submarket of Lakeland, with a Publix shopping center to the north and new residential development to the south.
The address is 5904 Hillside Heights Dr, Lakeland, FL 33812. The combination of existing occupancy, dedicated office components, and flexible open area supports both owner occupancy and continued professional office use.
Key Highlights
- Approximately 3,841 square feet of professional office space
- Partially occupied with a recently signed tenant
- Owner‑user configuration with additional space available for occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,187
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$943,740
$943.7K
Cap Rate 7%
$674,100
$674.1K
Cap Rate 9%
$524,300
$524.3K
Market Conditions
NOI Build-Up for 3,841 SF
Gross rent
$80.7K $21.00/SF
− Vacancy
−$17.7K −$4.62/SF
EGI
$62.9K $16.38/SF
− OpEx
−$15.7K −$4.10/SF
NOI
$47.2K $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%
$943,740
Cap Rate 7%
$674,100
Cap Rate 9%
$524,300
Alternative Uses
Best Use
Office B
$674.1K
$589.8K – $786.5K
NOI $47,187 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$923.0K
$807.7K – $1.08M
NOI $64,612 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
Explore this area
Business Placement
Demographics for 33812, FL
14,907
Population
5,516
Households
2.7
Avg Household Size
40
Median Age
36%
College-Educated
93%
High-School Grad
9.7 sq mi
ZIP Area
1,537
Density / Sq Mi
$100,569
Median Household Income
$48,694
Median Earnings
$1,520
Median Rent
$335,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Configured with private offices, meeting rooms, kitchenette areas, and flexible open workspace.
Where is this office building located?
The property is located at 5904 Hillside Heights Dr Lakeland, FL.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: Approximately 3,841 square feet of professional office space; Partially occupied with a recently signed tenant; Owner‑user configuration with additional space available for occupancy
