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    Free Standing Retail Building Title is generated by Realmo AI

    610 N COMBEE ROAD, Lakeland, FL 33801

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    For Sale
    $799,000

    Retail - LAKELAND, FL

    Type:Retail
    Property size:
    3,848 SF
    Lot size:
    0.81 Acres
    Price / SF:
    $207/SF
    Added:
    May 28, 2026
    Days on Market:
    3
    Last Refresh:
    May 30 at 3:06 pm

    Property Features for 610 N COMBEE ROAD

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    C-3
    Standard status
    Active
    APN
    24-28-16-187000-003003
    Size
    3,848 SF
    Lot size
    0.81 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6353.67

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1982
    Building materials
    Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Sujata Katikala
    Sujata Katikala

    Listing agent Sujata Katikala License #3057328

    Listing office FLORIDA REALTY INVESTMENTS 3451 Technological Ave #11, Orlando, FL

    Listing date May 28, 2026

    MLS# TB8512085 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location with high visibility and access, one block from the intersection of N Combee Road and US‑92/Memorial Highway.
    • Flexible CAC zoning allows for a wide range of business uses including retail, office, restaurant, and automotive‑related businesses.
    • High traffic counts: 16,000+ AADT on Combee Road and 34,000 AADT on US‑92.
    • Large, open 3,848 sq ft fully air‑conditioned interior space on 0.81 acres.
    • Fully fenced and gated rear of the property with additional access from N Eastside Drive, offering room for expansion or added parking.
    • Located in a rapidly growing area, near national retailers, and close to a newly built residential subdivision.

    Overview

    This free-standing retail commercial building is situated one block from the intersection of N Combee Road and US-92/Memorial Highway, offering visibility and access. The property includes 3,848 square feet of open, air-conditioned interior space on a 0.81-acre lot. It features an ADA-compliant restroom and ramp, along with a concrete roof. The C-3 zoning supports various uses, including retail, office, restaurant, convenience store, and automotive-related businesses. The property is surrounded by national retailers, located across from a Harvey’s Supermarket Plaza and McDonald’s, and a block away from Taco Bell. It is also approximately 10 minutes from Interstate 4. The building has frontage access on Combee Road, and the rear of the property is fenced and gated with access from N Eastside Drive, providing space for expansion or parking. Located in a growing area with a new residential subdivision half a mile away, the property benefits from traffic counts of over 16,000 AADT on Combee Road and 34,000 AADT on US-92. The property is suitable for investors or business owners.

    Local Financial Insights For Specialty Retail

    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 $71.6k $18.60
    − Vacancy −$4.9k −$1.26
    EGI $66.7k $17.34
    − OpEx −$16.7k −$4.33
    NOI $50.0k $13.00
    3,848 SF · lease $18.60/SF/yr · vacancy 6.80% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $714.7K
    $625.4K – $833.8K (±1% cap)
    NOI $50,029 @ 7.0% cap · market cap 6.26%
    Second Best
    Office B
    $675.3K
    $590.9K – $787.9K (±1% cap)
    NOI $47,273 @ 7.0% cap · market cap 5.92%
    Theoretical Best
    Office A
    $924.7K
    $809.1K – $1.08M (±1% cap)
    NOI $64,730 @ 7.0% cap · market cap 8.10%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vintage Thrift LLC Discount Store CC Moving Company Moving Company Appliances Repair Shop Home Appliance Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.908589
    Latitude
    28.048975

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    FAQs

    What type of property is this?
    Storefront property - Ideally located commercial building with high visibility and access.
    Where is this storefront property located?
    The property is located at 610 N COMBEE ROAD Lakeland, FL.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Prime location with high visibility and access, one block from the intersection of N Combee Road and US‑92/Memorial Highway.; Flexible CAC zoning allows for a wide range of business uses including retail, office, restaurant, and automotive‑related businesses.; High traffic counts: 16,000+ AADT on Combee Road and 34,000 AADT on US‑92.
    (813) 618-3279
    We can help!
    Listing Contact
    Sujata Katikala
    Sujata Katikala
    Real Estate License ID: 3057328
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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