Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    708 Missouri Ave Lakeland, FL 33815

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    0.09-acre lot, ideal for redevelopment.

    Property size:
    3,720 SF

    Property Features for 708 Missouri Ave

    General Information

    Property type
    Land
    Square Feet
    3,720 SF
    Lot Size
    3,920 SF

    We can help!

    Listing Contact
    Earl Moore Jr.

    Listing Agency: Joseph La Rosa Listing Agent: Earl Moore Jr.

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 0.09-acre vacant land parcel, located at 708 N Missouri Avenue in Lakeland, Florida (zip code 33815), presents a compelling investment opportunity. The property, encompassing 3,720 square feet, is strategically situated off Parker Street, adjacent to Florida Avenue, a high-traffic area. Its location within the Midtown CRA district, an opportunity zone, offers significant potential for rezoning and development. The combined lots (including additional parcels at 718 N Missouri Ave and 0 N Missouri Ave) provide a substantial footprint for various projects. This prime location near the heart of downtown Lakeland ensures high visibility and accessibility. Prospective buyers are encouraged to conduct thorough due diligence and contact relevant officials to explore the full range of development possibilities. The asking price for this exceptional property is $385,000. This represents a unique chance to acquire a strategically located parcel with immense potential for future growth and return on investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    12105
    State
    Florida
    Longitude
    -81.958492
    Latitude
    28.050536

    Nearby Similar for Sale

    • $339,900
      Pending

      Retail Opportunity in South Lakeland

      High-visibility corner lot near Southgate Shopping Center.
      110 Easton Dr, Lakeland, FL 33803
      View Details
    • $829,000
      5,800 SF

      Warehouse and Office Space Available

      5,820 SF warehouse and office space in Lakeland, Florida.
      4459 Holden Rd, Lakeland, FL 33811
      View Details
    • $750,000
      8,591 SF

      Lakeland Assembly Building For Sale

      Income-producing property with development potential in Lakeland, Florida.
      4626 S Pipkin Rd, Lakeland, FL 33811
      View Details
    • $150,000
      3,600 SF

      Established Smoke Shop in Lakeland

      Turn-key smoke shop in high-traffic Lakeland corridor for sale.
      2810 Florida Ave S, Lakeland, FL 33803
      View Details
    • $560,000
      Pending

      Lakeland Retail Opportunity For Sale

      2,910 sq ft retail space on 0.45 acres.
      1605 W Memorial Blvd, Lakeland, FL 33815
      View Details
    • New
      $360,000
      1,768 SF

      Lakeland Duplex with Tenant Leases

      Well-maintained duplex in Lakeland with leases through 2026.
      1430 Moonlite Dr, Lakeland, FL 33801
      View Details
    • New
      $330,000
      1,568 SF

      Lakeland Duplex in Established Neighborhood

      Duplex with updated interiors near Downtown Lakeland.
      1438 Moonlite Dr, Lakeland, FL 33801
      View Details
    • $199,000
      Pending

      Lakeland Mixed-Use Commercial Property

      Move-in ready office conversion with mixed-use potential on 0.26 acres.
      1628 E Gary Rd, Lakeland, FL 33801
      View Details
    • $1,299,500
      Pending

      Lakeland Mixed-Use Office/Warehouse Property

      8,750 SF office/warehouse with flexible space in Lakeland, FL.
      1512 E Gary Rd, Lakeland, FL 33801
      View Details
    • New
      $314,900
      1,842 SF

      Lakeland Duplex Investment Opportunity

      Income-producing duplex near Lake Gibson with long-term upside.
      281 Leelon Rd, Lakeland, FL 33809
      View Details
    • $439,900
      2,050 SF

      Lakeland Duplex with Income Potential

      South Lakeland duplex ideal for investors or owner-occupants.
      704 W Alamo Dr, Lakeland, FL 33813
      View Details
    • $1,500,000
      3,192 SF

      Turnkey Restaurant and Bakery Opportunity

      Restaurant and bakery in Lakeland, ready for immediate re-opening.
      830 E Main St, Lakeland, FL 33801
      View Details

    FAQs

    What type of property is this?
    Land - 0.09-acre lot, ideal for redevelopment.
    Where is this land located?
    The property is located at 708 Missouri Ave Lakeland, FL.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: 0.09-acre vacant land parcel (3,720 sq ft) at 708 N Missouri Ave, Lakeland, FL 33815.; Strategically located off Parker St, adjacent to high-traffic Florida Ave.; Situated in the Midtown CRA district, an Opportunity Zone, with rezoning potential.
    (813) 803-0337 Call to check price and availability
    Request Owner's contact information
    708 Missouri Ave Lakeland, FL 33815
    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.
    708 Missouri Ave
    Lakeland, FL 33815
    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
    708 Missouri Ave Lakeland, FL 33815
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Earl Moore Jr.
    Real Estate License ID: 3314553
    (813) 803-0337 (321) 939-3748
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!