Historic Office Building in
815 S MISSOURI AVENUE, Lakeland, FL 33815
Renovated 1914 commercial building with rental income potential.
Type:Commercial/Industrial
Property size:
2,068 SFLot size:
0.16 AcresPrice / SF:
$241/SF- Added:
- Mar 12, 2026
- Days on Market:
- 74
- Last Refresh:
- Apr 6 at 3:51 am
Property Features for 815 S MISSOURI AVENUE
General Information
- Standard status
- Active
- Size
- 2,068 SF
- Lot size
- 0.16 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1914
Listing agent Elizabeth Willers License #3283525
Listing office SERHANT (646) 480-7665
Listing date Mar 12, 2026
Source Exitrealty
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 SERHANT
HighLights
- Historic 1914 building renovated in the heart of Dixieland with high visibility and available signage.
- Income‑generating property with existing tenants downstairs.
- Two upstairs offices and bathroom ideal for business use.
- Shared updated kitchen with new appliances and eat‑in space.
- Downstairs features a charming fireplace, conference room, and multiple offices.
- Ample parking: 2 front spaces, 4 reserved back spaces, and 2 carport spaces.
Overview
This renovated historic building, dating back to 1914, is located in the Dixieland area of Lakeland. The property features original hardwood flooring and offers visibility with available signage. The upstairs area includes two offices and a bathroom. The downstairs area, currently occupied by tenants, provides rental income and features a conference room with a fireplace, two front offices, two back offices, a full bathroom, and a back porch with access to the back parking lot. A shared updated kitchen includes new appliances and an eat-in space. Parking includes two spaces in the front, four reserved spaces in the back, and two tandem spaces under the carport. Situated in a business district, the property is near coffee houses, restaurants, art galleries, and antique shops. It is located 5 minutes from downtown and 10 minutes from South Lakeland. The property size is 2068 square feet. This property is suitable for business use.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$282.3K
NOI $25,405 @ 9.00% cap · cautious / downside scenario
Moderate
$362.9K
NOI $25,405 @ 7.00% cap · market / base-case scenario
Aggressive
$508.1K
NOI $25,405 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.4k | $21.00 |
| − Vacancy | −$9.6k | −$4.62 |
| EGI | $33.9k | $16.38 |
| − OpEx | −$8.5k | −$4.10 |
| NOI | $25.4k | $12.29 |
2,068 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$362.9K
$317.6K – $423.4K
NOI $25,405 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$497.0K
$434.8K – $579.8K
NOI $34,787 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Fusion Pod Media
Video Editing Service
The Agency Property Management, ...
Property Management Company
Karley Bruder, Realtor®
Real Estate Agency
The FALLS adventure Inc.
Charitable Organization
Lakeland Staging LLC
Furniture & Home Goods
Location Insight
- Map
- Local Demand
- City
- Lakeland
- County
- Polk
- State
- Florida
- Longitude
- -81.9583
- Latitude
- 28.052
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FAQs
What type of property is this?
Office building - Renovated 1914 commercial building with rental income potential.
Where is this office building located?
The property is located at 815 S MISSOURI AVENUE Lakeland, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Historic 1914 building renovated in the heart of Dixieland with high visibility and available signage.; Income‑generating property with existing tenants downstairs.; Two upstairs offices and bathroom ideal for business use.
