Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lakeland Commerce Center Industrial Space Title is generated by Realmo AI

    5135 Drane Field Rd, Lakeland, FL 33811

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Modern industrial park with flexible configurations and strategic location.

    Type:Industrial
    Property size:
    905,840 SF
    Added:
    Nov 3, 2023
    Days on Market:
    941
    Last Refresh:
    May 12 at 8:39 pm

    Property Features for 5135 Drane Field Rd

    General Information

    Standard status
    Active
    Size
    905,840 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2023

    Spaces For Lease

    at 5135 Drane Field Rd Contact us

    We can help!

    Listing Contact
    Harrison Pithers
    Harrison Pithers

    Listing agent Harrison Pithers License #SL3574069

    Listing office JLL - Tampa, Florida

    Listing date Nov 3, 2023

    Source Crexi

    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 JLL - Tampa, Florida

    HighLights

    • Premier industrial park with 4 modern tilt‑wall buildings totaling 905,840 SF.
    • Strategic location at County Line Road and Drane Field Road with easy access to I‑4 (Exit 25), State Road 92, and Polk Parkway.
    • Incredible connectivity to Tampa, Lakeland, and Orlando.
    • Rear‑load and cross‑dock configurations provide flexibility.
    • Access to 3 international airports and 2 ports within a 1‑hour drive.
    • Built in 2023.

    Overview

    Lakeland Commerce Center at County Line is a dynamic industrial park featuring four modern tilt-wall buildings, offering a total of 905,840 square feet. The property is strategically located at the intersection of County Line Road and Drane Field Road, providing convenient access to major transportation routes. The buildings feature rear-load and cross-dock configurations, offering flexibility for businesses. The location on County Line Road provides quick access to I-4 (Exit 25), State Road 92, and Polk Parkway, facilitating connectivity to Tampa, Lakeland, and Orlando. Furthermore, the property benefits from its proximity to transportation hubs, with three international airports and two ports located within a one-hour drive. The location also benefits from a labor force of 3.1 million within 90 minutes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Real Estate Agency Building Supply Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Gym & Fitness Center Auto Parts Store Department Store Kitchen & Bath Showroom Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -82.0510795
    Latitude
    27.998411

    Nearby Similar for Lease

    • $2,800/Mo
      13,000 SF

      Versatile Commercial Space in Lakeland

      Adaptable commercial space in a high-traffic Lakeland corridor.
      835/837 N LAKE PARKER AVENUE, LAKELAND, FL 33801
      View Details
    • $1,100/Mo
      715 SF

      Renovated Office Near Downtown Lakeland

      Premium office space, recently renovated, near downtown Lakeland.
      921 E PARKER STREET, LAKELAND, FL 33801
      View Details
    • $3,500/Mo
      2,514 SF

      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
      2,040 SF

      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
      5,440 SF

      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
      2,527 SF

      Renovated Lakeland Office Building

      Freestanding office building in South Lakeland with expansion opportunity.
      4745 OLD ROAD 37, LAKELAND, FL 33813
      View Details
    • $500/Mo
      5,348 SF

      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
    • Sponsored
      $129-$6,776/Mo
      11-1,292 SF

      FL, Lakeland - Massachusetts Ave

      238 Massachusetts Ave, Unit 1ST, Lakeland, FL 33801
      View Details
    • $96,000 SF/Yr
      4,000 SF

      Flex Space with I-4 Visibility

      4,000±sf flex space with office and warehouse areas.
      3705 FRONTAGE Rd N, Lakeland, FL 33810
      View Details
    • $450/Mo
      100 SF

      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
      2,800 SF

      Historic Office Building Near Lake

      Charming historic office space near downtown Lakeland and Lake Morton.
      415 S KENTUCKY Ave, Lakeland, FL 33801
      View Details
    • $34,561 SF/Yr
      1,819 SF

      South Lakeland Office Suite with Loft

      Ground-floor office suite with loft in South Lakeland.
      5115 S LAKELAND Dr, Lakeland, FL 33813
      View Details

    FAQs

    What type of property is this?
    Distribution center - Modern industrial park with flexible configurations and strategic location.
    Where is this distribution center located?
    The property is located at 5135 Drane Field Rd Lakeland, FL.
    What are key features of this property?
    This property features: Premier industrial park with 4 modern tilt‑wall buildings totaling 905,840 SF.; Strategic location at County Line Road and Drane Field Road with easy access to I‑4 (Exit 25), State Road 92, and Polk Parkway.; Incredible connectivity to Tampa, Lakeland, and Orlando.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Harrison Pithers
    Harrison Pithers
    Real Estate License ID: SL3574069
    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

    Thank You for Inquiry
    5135 Drane Field Rd, Lakeland, FL 33811
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!