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    2420 Crystal Lake Dr Lakeland, FL 33801

    For Lease
    $33 SF/Yr

    Two renovated office spaces in Lakeland, FL.

    Lot size:
    320 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents two available office spaces totaling 160 square feet within the Golden Living Office Center, a beautifully renovated, turn-key executive office center in Lakeland, Florida. Located at 2420 N Crystal Lake Dr, 33801, this property boasts a highly competitive 9.67% cap rate and offers significant upside potential. The building, renovated in 2018, enjoys convenient access to Downtown Lakeland, Polk Parkway, US 92, US 98, and I-4 (via the parkway). Currently, only 28% of the building is under lease

    Property Features for 2420 Crystal Lake Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    320 SF

    Building Details

    Year Renovated
    2018

    Unit(s) available at that property

    Space
    Office 204
    Size
    160 SF
    Rate per SF
    $33
    Space
    Office #303
    Size
    160 SF
    Rate per SF
    $33

    HighLights

    • Two 160 sq ft office spaces available in Lakeland, FL's Golden Living Office Center.
    • 9.67% cap rate with significant upside potential.
    • Located at 2420 N Crystal Lake Dr, Lakeland, FL 33801.
    • Convenient access to Downtown Lakeland, Polk Parkway, US 92, US 98, and I‑4.
    • Building renovated in 2018; currently 28% leased.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Masterpiece Compositions Art School Compassionate Home Care ... Home Health Care Service Freedom Nursing Agency Aged Care CannaMD Doctor Donnette Transport LLC Trucking Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.909660940019
    Latitude
    28.028112121659

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    FAQs

    What type of property is this?
    Office Property / Space - Two renovated office spaces in Lakeland, FL.
    Where is this office property / space located?
    The property is located at 2420 Crystal Lake Dr Lakeland, FL.
    What is the lease rate?
    The lease rate is $33 SF/Yr.
    What are key features of this property?
    This property features: Two 160 sq ft office spaces available in Lakeland, FL's Golden Living Office Center.; 9.67% cap rate with significant upside potential.; Located at 2420 N Crystal Lake Dr, Lakeland, FL 33801.
    Request Owner's contact information
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    Lakeland, FL 33801
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    Realmo Value Estimation

    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.

    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.

    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
    2420 Crystal Lake Dr Lakeland, FL 33801
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