Lakeland Commercial Center For
For Sale
Contact for pricing
6645 Florida Ave S, Lakeland, FL 33813
Well-located commercial center with high traffic and strong demographics.
Property Size40,395 SF
Price / SF$278.50
Days on Market217
Property Features for 6645 Florida Ave S
General Information
Standard status
Active
Size
40,395 SF
Property subtype
Retail
Net Operating Income
$727,165
Building Details
Year Built
2006
Listing Agency:
Certified Commercial Realty
Listed By:
Gary Ralston · License #FLBK3232399
(863) 877-2828
Source:
Crexi
Added: Mar 4
Changed: Oct 5
Last Checked: Oct 7 at 11:24AM
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 Certified Commercial Realty
Investment Insights
Based on property information with market context.
This commercial center is located off South Florida Avenue in Lakeland, Florida. The property includes three buildings that form a commercial center along a primary north–south corridor, with traffic counts exceeding 38,000 vehicles per day. Situated within the city’s most affluent zip code, the center benefits from strong surrounding demographics and is located directly across from the Century Avenue multifamily development. The property has been renovated and expanded in recent years to include a new 4,800 SF building fully leased to medical tenants, along with new paint, several new HVAC units, updated landscaping, and many other improvements. There is ample on-site parking, with approximately 311 spaces, supporting a wide range of retail, medical, and professional uses. Located at 6645 S Florida Avenue, the property sits along one of the city’s primary north–south commercial corridors. The site is positioned within Lakeland’s most affluent zip code and benefits from proximity to major roadways, including Polk Parkway (SR 570), U.S. Highway 98, and Interstate 4, allowing for efficient connectivity throughout Lakeland and the greater Central Florida region. The surrounding area is supported by established retail, medical, and professional services, making this a setting for neighborhood and regional commercial uses. The property size is 40,395 square feet.
Key Highlights
- High traffic location: Over 38,000 vehicles per day.
- Located in Lakeland's most affluent zip code.
- Ample on‑site parking with approximately 311 spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$453,634
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,072,680
$9.1M
Cap Rate 7%
$6,480,486
$6.5M
Cap Rate 9%
$5,040,378
$5.0M
Market Conditions
NOI Build-Up for 40,395 SF
Gross rent
$702.9K $17.40/SF
− Vacancy
−$54.8K −$1.36/SF
EGI
$648.0K $16.04/SF
− OpEx
−$194.4K −$4.81/SF
NOI
$453.6K $11.23/SF
Area
Lakeland, FL
Vacancy
7.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,072,680
Cap Rate 7%
$6,480,486
Cap Rate 9%
$5,040,378
Alternative Uses
Best Use
Retail
$6.48M
$5.67M – $7.56M
NOI $453,634 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.71M
$8.49M – $11.33M
NOI $679,509 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
178k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 39%
Groceries 7%
Electronics 5%
RaceTrac
Shops & Services
36,699 visits/mo
0.3 miles
Dollar Tree
Shops & Services
24,199 visits/mo
0.3 miles
Culver's
Dining
18,602 visits/mo
0.4 miles
7-Eleven
Shops & Services
16,566 visits/mo
0.4 miles
Wendy's
Dining
16,229 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Park Village Shopping Center — 7050 N Church Ave, Lakeland, FL 33811
- Coinstar Kiosk | Bitcoin ATM — Winn Dixie - Central, 6902 S Florida Ave, Lakeland, FL 33813
- Imperial Christina Plaza — 6834 Florida Ave S, Lakeland, FL 33813
- Southern Grace Boutique — 6645 florida ave s ste 3, lakeland, fl 33813
- Christina Commons LLC — 6595 Florida Ave S, Lakeland, FL 33813
Frequently Asked Questions
What type of property is this?
Shopping center - Well-located commercial center with high traffic and strong demographics.
Where is this shopping center located?
The property is located at 6645 Florida Ave S Lakeland, FL.
What is the asking price?
The asking price for this property is $11,250,000.
What are key features of this property?
This property features: High traffic location: Over 38,000 vehicles per day.; Located in Lakeland's most affluent zip code.; Ample on‑site parking with approximately 311 spaces.
