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    5216 Florida Ave Lakeland, FL 33813

    Sponsored
    For Lease
    $45 SF/Yr ($14,512 /Mo)

    Brand new, 3,870 SF retail/office building

    Lot size:
    3,870 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional, Class A, 3,870 square foot retail and office building, constructed in 2023, presents a unique investment opportunity. Located on S Florida Ave, the property boasts 175 feet of prime road frontage, ensuring high visibility and accessibility. The single building comprises 53 individual suites, offering flexibility for various tenants. A significant feature is the inclusion of a 1,400 square foot drive-thru Dunkin' Donuts, already secured. An additional 2,470 square feet of adjacent space is currently available for lease, ideal for retail or office use. Future development plans include a second free-standing building with 2,550 square feet of space. Ample parking is provided with 53 spaces and multiple convenient access points. The 1.41-acre lot provides ample space for expansion and maneuvering. This property is situated in a high-traffic area, offering excellent potential for strong returns. The building's modern design and prime location make it an attractive option for a variety of businesses. The property's multiple suites and ample parking cater to a diverse range of tenants, maximizing rental income potential. This is a rare opportunity to acquire a brand-new, high-quality commercial property in a thriving location.

    Property Features for 5216 Florida Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,870 SF
    Class
    A
    Total Rate
    14512.5

    Building Details

    Year Built
    2023
    Buildings
    1

    Unit(s) available at that property

    Space
    5216 S Florida Ave
    Size
    2,550 SF
    Rate per SF
    $45

    HighLights

    • Class A, 3,870 SF retail and office building, newly constructed in 2023.
    • 53 suites available for lease in a multi‑tenant building.
    • 1.41‑acre lot with 53 parking spaces.
    • 175± feet of frontage on S. Florida Ave.
    • Currently includes a 1,400 SF drive‑thru Dunkin' and 2,470 SF of adjacent space available for lease; a second 2,550 SF building is planned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Roofers of Lakeland FL Roofing Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.96159799325
    Latitude
    27.971167833815

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    FAQs

    What type of property is this?
    Individual retail property - Brand new, 3,870 SF retail/office building
    Where is this individual retail property located?
    The property is located at 5216 Florida Ave Lakeland, FL.
    What is the lease rate?
    The lease rate is $45 SF/Yr.
    What are key features of this property?
    This property features: Class A, 3,870 SF retail and office building, newly constructed in 2023.; 53 suites available for lease in a multi-tenant building.; 1.41-acre lot with 53 parking spaces.
    Request Owner's contact information
    5216 Florida Ave Lakeland, FL 33813
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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
    5216 Florida Ave Lakeland, FL 33813
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