Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6767 Us Hwy 98 N Lakeland, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space in a redeveloped, highly visible, Publix-anchored center.

    Type:LAND
    Lot size:
    1.00 Acre
    Added:
    Jun 20, 2023
    Days on Market:
    1042
    Last Refresh:
    Apr 5 at 11:26 pm

    Property Features for 6767 Us Hwy 98 N

    General Information

    Standard status
    Active
    Lot size
    1.00 Acre
    Property subtype
    LAND

    Spaces For Lease

    at 6767 Us Hwy 98 N Contact us

    We can help!

    Listing Contact
    Sandra Woodworth
    Sandra Woodworth

    Listing agent Sandra Woodworth

    Listing office Crossman & Company - Corporate

    Listing date Jun 20, 2023

    Source Moodyscre

    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 Crossman & Company - Corporate

    Overview

    Publix-Anchored Retail Center For Rent

    This retail space is located within a Publix-anchored shopping center that was redeveloped in 2012. The center is situated at the signalized intersection of US Highway 98 and Marcum Road, offering ideal visibility. It is located 2.6 miles north of the Lakeland Square Mall and 3.2 miles north of Interstate-4. The location benefits from a combined traffic count of 58,500 vehicles per day. The center features a mix of established local and national tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    City National Bank ... Bank Redbox Cinema Blue Rhino Propane ... Propane Supplier Primo Water Refill Big Box & Wholesale Store Publix Pharmacy at Lake ... Pharmacy

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Quick-Tag — Walmart Supercenter, 5800 US Hwy 98 N, Lakeland, FL 33809
    • Lake gibson shopping center — 6767 US-98, Lakeland, FL 33809
    • Northside Village — US Hwy 98 N, Lakeland, FL 33809
    • Daughtery Plaza — Lakeland, FL 33810
    • LibertyX Bitcoin ATM — 6220 US Hwy 98 N, Lakeland, FL 33809

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.972
    Latitude
    28.1293

    Nearby Similar for Lease

    • $1,400/Mo

      Lakeland Commercial Spaces For Lease

      Commercial units in a centrally located Lakeland corridor.
      817-839 N LAKE PARKER AVENUE, LAKELAND, FL 33801
      View Details
    • $3,500/Mo

      Lakeland Retail/Office Space Available

      High-traffic location with renovated interior, ideal for retail/office use.
      2518 S FLORIDA AVENUE, LAKELAND, FL 33803
      View Details
    • $3,950/Mo

      Highway 92 Commercial Building

      2,040 SF commercial building on Highway 92 in Lakeland.
      2221 US HIGHWAY 92 E, LAKELAND, FL 33801
      View Details
    • $5,500/Mo

      Versatile Commercial Building in Lakeland

      5,440 sq ft building ideal for retail, office, or warehouse.
      4830 US HIGHWAY 92 E, LAKELAND, FL 33801
      View Details
    • $2,550/Mo

      Renovated Lakeland Office Building

      Freestanding office building in South Lakeland with expansion opportunity.
      4745 OLD ROAD 37, LAKELAND, FL 33813
      View Details
    • $1,550/Mo

      Lakeland Flex Space with Warehouse

      Two-story flex space with office and warehouse near airport.
      3903 INDUSTRY BOULEVARD, LAKELAND, FL 33811
      View Details
    • $500/Mo

      Office Space in Central Location

      Two office spaces for lease in a prime, central Lakeland location.
      2211 S FLORIDA AVENUE, LAKELAND, FL 33803
      View Details
    • $450/Mo

      Office/Airplane Hangar at Lakeland Airport

      Newly constructed office/airplane hangar with modern amenities at Lakeland Linder Airport.
      3699 AIRFIELD DRIVE W, LAKELAND, FL 33811
      View Details
    • $62,656 SF/Yr

      Historic Office Building Near Lake

      Charming historic office space near downtown Lakeland and Lake Morton.
      415 S KENTUCKY Ave, Lakeland, FL 33801
      View Details
    • Sponsored
      Contact for pricing

      FL, Lakeland - Massachusetts Ave

      238 Massachusetts Ave, Unit 1ST, Lakeland, FL 33801
      View Details
    • $2.00 SF/Yr

      Lakeland Warehouse Space For Rent

      6,400 SF warehouse space in Lakeland, Polk County.
      2828 STATES St B, Lakeland, FL 33803
      View Details
    • $3 SF/Yr

      High-Traffic Office/Retail Space Available

      1,200 SF corner unit on US 98 North, Lakeland.
      5508 US HIGHWAY 98 N, Lakeland, FL 33809
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space in a redeveloped, highly visible, Publix-anchored center.
    Where is this shopping center located?
    The property is located at 6767 Us Hwy 98 N Lakeland, FL.
    What are key features of this property?
    This property features: Publix‑anchored center; Located at the busy signalized intersection of US Highway 98 and Marcum Road (58,500 VPD); Established local and national tenants
    (813) 210-7509 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Sandra Woodworth
    Sandra Woodworth
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!