Steel-Reinforced Concrete Warehouse
For Sale
$9,216,589
8331 State Road 33 North, Lakeland, FL 33809
Industrial warehouse complex with controlled access, substantial clear height, and direct connectivity to major regional routes.
Property Size70,697 SF
Lot Size9.69 Acres
Price / SF$130.37
Days on Market137
Property Features for 8331 State Road 33 North
General Information
Standard status
Active
Size
70,697 SF
Lot size
9.69 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Clear Height
60 ft
Amenities
guardhouse
keycard access
CCTV surveillance
Building Details
Buildings
4
Construction
steel-reinforced concrete
Listing Agency:
CBRE - Orlando
Listed By:
David Murphy · License #3006203
(407) 404-5020
Source:
Cbre
Added: Jun 2
Changed: Oct 1
Last Checked: Oct 16 at 6:25AM
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 CBRE - Orlando
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Investment Insights
Based on property information with market context.
This warehouse complex comprises 4 steel-reinforced concrete domes totaling 70,697 square feet on 9.69 acres. Three domes are leased, while Dome D offers 13,658 square feet for lease; Dome E is identified as a build-to-suit opportunity. The improvements provide clear heights of up to 60 feet, office capacity of up to 8,000 square feet, dock-high and oversized doors, and ramps. Construction includes insulated concrete, foam, and Kevlar components.
The property at 8331 State Road 33 North has immediate access to Interstate 4 and the Polk Parkway, supporting distribution throughout the state. Site security features include a guardhouse, keycard entry, and CCTV surveillance. The domes are described as resistant to Cat-5 hurricanes and EF5 tornadoes.
The property at 8331 State Road 33 North has immediate access to Interstate 4 and the Polk Parkway, supporting distribution throughout the state. Site security features include a guardhouse, keycard entry, and CCTV surveillance. The domes are described as resistant to Cat-5 hurricanes and EF5 tornadoes.
Key Highlights
- 70,697 square feet across 4 domes on 9.69 acres
- Three domes leased; Dome D offers 13,658 square feet for lease
- Dome E identified as a build‑to‑suit opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$409,532
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,190,640
$8.2M
Cap Rate 7%
$5,850,457
$5.9M
Cap Rate 9%
$4,550,356
$4.6M
Market Conditions
NOI Build-Up for 70,697 SF
Gross rent
$526.0K $7.44/SF
− Vacancy
−$44.2K −$0.62/SF
EGI
$481.8K $6.82/SF
− OpEx
−$72.3K −$1.02/SF
NOI
$409.5K $5.79/SF
Area
Lakeland, FL
Vacancy
8.40%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,190,640
Cap Rate 7%
$5,850,457
Cap Rate 9%
$4,550,356
Alternative Uses
Best Use
Warehouse
$5.85M
$5.12M – $6.83M
NOI $409,532 @ 7.0% cap · market cap 4.44%
Second Best
Industrial
$4.82M
$4.22M – $5.62M
NOI $337,262 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$16.99M
$14.87M – $19.82M
NOI $1,189,237 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
60 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33809, FL
30,629
Population
12,647
Households
2.4
Avg Household Size
45
Median Age
27%
College-Educated
91%
High-School Grad
65.9 sq mi
ZIP Area
465
Density / Sq Mi
$67,112
Median Household Income
$40,839
Median Earnings
$1,492
Median Rent
$248,700
Median Home Value
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Market
Vacancy Rate% for Industrial in Lakeland, FL
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse complex with controlled access, substantial clear height, and direct connectivity to major regional routes.
Where is this warehouse located?
The property is located at 8331 State Road 33 North Lakeland, FL.
What is the asking price?
The asking price for this property is $9,216,589.
What are key features of this property?
This property features: 70,697 square feet across 4 domes on 9.69 acres; Three domes leased; Dome D offers 13,658 square feet for lease; Dome E identified as a build‑to‑suit opportunity
