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    4901-4997 Us Highway 98 Lakeland, FL 33809

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    4901-4997 Us Highway 98 Lakeland, FL 33809

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    • Retail properties & Spaces
    • 84,899 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 4901-4997 Us Highway 98

    Property size
    84,899 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Shopping centers

    Description

    Barclay Place, located at 4901-4997 US Highway 98 North in Lakeland, Florida (zip code 33809), presents a compelling retail opportunity within Polk County. This shopping center encompasses a total of 84,899 square feet and currently features 3,270 square feet of immediately available space. The minimum leasable unit size is 1,610 square feet, with a maximum contiguous space of 1,660 square feet. This makes it ideal for a variety of retail businesses seeking a prominent location on a major thoroughfare. The property's strategic positioning on US Highway 98 North ensures high visibility and accessibility for customers. The property is classified as a multi-tenant retail shopping center, offering a vibrant and established commercial environment. The available space provides a blank canvas for businesses to establish their presence in a thriving Lakeland market. The property's location in Polk County, Florida, offers access to a substantial consumer base and strong regional economic activity. This is a rare opportunity to secure retail space in a well-established center with excellent visibility and accessibility. The available space is ready for immediate occupancy. Interested parties should inquire promptly to secure this prime retail location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.9724
    Latitude
    28.1039

    Comparable in this City

    • Value Estimation by Request
      85,253 SF

      6140 Us Highway 98

      Lifestyle centers • 85,253 SF
      6140 Us Highway 98, Lakeland, FL 33809
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    • Value Estimation by Request
      239,580 SF

      Lakeland Park Ctr Dr. & Nebraska Ave

      Retail properties & Spaces • 239,580 SF
      0 Lakeland Park Ctr Dr. & Nebraska Ave, Lakeland, FL 33809
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    • Value Estimation by Request
      1,510 SF

      5504 Us Hwy 98th N

      NURSERY, GREENHOUSE, FLORIST • 1,510 SF
      5504 Us Hwy 98th N, Lakeland, FL 33809-3101
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    • Value Estimation by Request

      4011 Us Highway 98

      Retail properties & Spaces
      4011 Us Highway 98, Lakeland, FL 33809
      View Details
    • Value Estimation
      $4,210,000
      46,257 SF

      3530 Us Hwy 98th N

      WHOLESALE OUTLET, DISCOUNT STORE • 46,257 SF
      3530 Us Hwy 98th N, Lakeland, FL 33809-3840
      View Details
    • Value Estimation
      $11,415,000
      126,411 SF

      4005 Us Hwy 98th N

      WHOLESALE OUTLET, DISCOUNT STORE • 126,411 SF
      4005 Us Hwy 98th N, Lakeland, FL 33809-3815
      View Details

    Similar Nearby for Sale

    • $5,900,000

      Lakeland Retail Space For Sale

      Expansive retail space in Lakeland Square Mall, Lakeland, Florida.
      3800 Us Highway 98 N, Lakeland, FL 33809
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    • $5,486,804
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      Retail Property Near Lakeland Square

      Retail property with national tenants and below market rents.
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      104,892 SF

      Lakeland Retail Opportunity on US-98

      Spacious retail property in Lakeland's key commercial corridor.
      3800 Us Highway 98 N, Lakeland, FL 33809
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    • $349,900
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      Prime Corner Land in Lakeland

      2+ acre corner lot near I-4 with high visibility.
      Old Polk City Rd, Lakeland, FL 33809
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    • $275,000
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      6.02 Acres with Active Permits

      Land with partially built home and active permits in Lakeland.
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      Lakeland Land on US Highway

      1.61 acre commercial lot with high traffic exposure.
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    Similar Nearby for Lease

    • Contact for pricing

      High Visibility Lakeland Power Center

      Retail spaces and outparcels available in high-traffic Lakeland location.
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      1,800 SF

      Retail Space Near Lakeland Square

      Retail space available across from Lakeland Square Mall.
      4215-4275 Us Highway 98 N, Lakeland, FL 33809
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      Turnkey Restaurant Space Available

      Restaurant space with drive-thru, excellent visibility, high traffic.
      5750 Us Highway 98 N, Lakeland, FL 33809
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      Lakeland Retail Space For Lease

      Retail space available in high-visibility Lakeland power center.
      4011-4159 Us Highway 98 North, Lakeland, FL 33809
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      Publix-Anchored Retail Center For Rent

      Retail space in a redeveloped, highly visible, Publix-anchored center.
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      85,253 SF

      Liberty Square Center Outparcels

      Lakeland Retail Center - Outparcels Available
      6140 Us Highway 98, Lakeland, FL 33809
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    Lakeland, FL 33809
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    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
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