Standalone Office
For Sale
Contact for pricing
6588 Lake Buffum Rd N, Fort Meade, FL 33841
Occupied office and showroom property with private land, on-site parking, and a simple interior layout.
Property Size1,200 SF
Price / SF$208.25
Days on Market8
Property Features for 6588 Lake Buffum Rd N
General Information
Standard status
Active
Size
1,200 SF
Total Parking Spaces
8
Property subtype
Office, Land, Special Purpose
Occupancy
100%
Building Details
Buildings
1
Building Size
1,200 SF
Tenancy
Single
Owner Occupied
No
Listing Agency:
florida realty investments
Listed By:
Sujata Katikala · License #FL BK3057328
(813) 618-3279
Source:
Crexi
Added: Sep 12
Changed: Sep 16
Last Checked: Sep 19 at 7:58AM
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 florida realty investments
Investment Insights
Based on property information with market context.
This standalone office building contains 1,200 square feet under roof, configured with a large open hall, a small kitchen, and one bathroom. The property also includes showroom space and more than one acre of private land, with eight parking spaces and direct ingress into the parking area.
The building is fully occupied by a tenant, who is in place at closing. The property will be conveyed as-is, and the new owner must honor the existing lease. There is no COA associated with the property.
The building is fully occupied by a tenant, who is in place at closing. The property will be conveyed as-is, and the new owner must honor the existing lease. There is no COA associated with the property.
Key Highlights
- 1,200 SF standalone office and showroom building
- More than one acre of private land
- Fully occupied by a tenant at closing
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
$14,742
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
5.90%
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%
$294,840
$294.8K
Cap Rate 7%
$210,600
$210.6K
Cap Rate 9%
$163,800
$163.8K
Market Conditions
NOI Build-Up for 1,200 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
$25.2K $21.00/SF
− Vacancy
−$5.5K −$4.62/SF
EGI
$19.7K $16.38/SF
− OpEx
−$4.9K −$4.10/SF
NOI
$14.7K $12.29/SF
Area
Polk County, 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%
$294,840
Cap Rate 7%
$210,600
Cap Rate 9%
$163,800
Alternative Uses
Best Use
Office B
$210.6K
$184.3K – $245.7K
NOI $14,742 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$288.4K
$252.3K – $336.4K
NOI $20,186 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 33841, FL
7,439
Population
3,776
Households
2
Avg Household Size
40
Median Age
9%
College-Educated
77%
High-School Grad
168.4 sq mi
ZIP Area
44
Density / Sq Mi
$39,608
Median Household Income
$35,374
Median Earnings
$860
Median Rent
$138,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Occupied office and showroom property with private land, on-site parking, and a simple interior layout.
Where is this office building located?
The property is located at 6588 Lake Buffum Rd N Fort Meade, FL.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1,200 SF standalone office and showroom building; More than one acre of private land; Fully occupied by a tenant at closing
