Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2819 Pipkin Rd Lakeland, FL 33811
    Back to Search
    Property profile & analytics

    2819 Pipkin Rd, Lakeland, FL 33811

    View on Map
    • Office Spaces
    • 19,600 SF
    • 2.46 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 2819 Pipkin Rd

    Year built
    2024
    Lot size
    2.46 lot acres
    Property type
    Office Spaces
    Property subtype
    Industrial properties

    Description

    This exceptional investment opportunity presents two brand-new, 9,800-square-foot industrial flex buildings, ideally suited for owner-users. Located at 2819 W Pipkin Rd, Lakeland, FL 33811, this property boasts a total of 19,600 square feet on a 2.46-acre lot (APN: 232910000000033060). The buildings, completed in 2024, feature 24-foot ceilings and are situated in a Planned Unit Development (PUD) zoning. Currently vacant, these single-story structures offer a blank canvas for customization, allowing buyers to finish the interior to their exact specifications. Strategically located to serve the Lakeland Regional Airport market, the property provides easy access to major transportation arteries, including the Polk Parkway and the intersection of County Line Road and I-4. This location offers significant logistical advantages, with access to a market of 22 million people within a five-hour drive. The asking price is $3,150,000, translating to $160.71 per square foot. Don't miss this chance to acquire a high-quality, strategically positioned industrial flex property in a thriving market.

    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
    -82.0035
    Latitude
    27.9749

    Comparable in this City

    • Value Estimation by Request
      3.35 Acres

      Stoney Creek Blvd

      Retail properties & Spaces
      0 Stoney Creek Blvd, Lakeland, FL 33811
      View Details
    • Value Estimation by Request
      34,200 SF

      3625-3685 Airport Commerce Dr

      Life science properties
      3625-3685 Airport Commerce Dr, Lakeland, FL 33811
      View Details
    • Value Estimation by Request
      182,985 SF

      4142 Hamilton Rd

      Distribution properties
      4142 Hamilton Rd, Lakeland, FL 33811
      View Details
    • Value Estimation by Request
      182,985 SF

      4141 Hamilton Rd

      Distribution properties
      4141 Hamilton Rd, Lakeland, FL 33811
      View Details
    • Value Estimation by Request
      148,100 SF

      3400 County Line Rd

      Distribution properties
      3400 County Line Rd, Plant City, FL 33811
      View Details
    • Value Estimation by Request
      993 SF

      4030 Kidron Rd, Unit B24

      INDUSTRIAL (GENERAL)
      4030 Kidron Rd, Lakeland, FL 33811-1256
      View Details

    Similar Nearby for Sale

    • $2,400,000

      Lakeland Warehouse and Office Buildings

      Two-building property with income potential near Lakeland Airport.
      3714 Dmg Dr, Lakeland, FL 33811
      View Details
    • Contact for pricing

      Lakeland Flex Warehouse Near Airport

      28,466 SF flex warehouse near Lakeland Linder Airport.
      4190 Waring Rd, Lakeland, FL 33811
      View Details
    • $5,500,000
      22,500 SF

      Lakeland Industrial Flex Space Available

      22,500 SF available with modern office and air-conditioned warehouse.
      3025 Whitten Rd, Lakeland, FL 33811
      View Details
    • Contact for pricing

      Lakeland Warehouse and Office Buildings

      Two-building property with income potential near Lakeland Airport.
      3714 Dmg Dr, Lakeland, FL 33811
      View Details
    • Contact for pricing
      Pending

      Retail Site at Signalized Intersection

      3.35-acre corner retail site suitable for development.
      Stoney Creek Blvd, Lakeland, FL 33811
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,900 SF

      Lakeland Flex Warehouse Space Available

      Flex warehouse spaces near Lakeland Linder International Airport for lease.
      4190 Waring Rd, Lakeland, FL 33811
      View Details
    • Contact for pricing

      New Industrial Space in Lakeland

      Under-construction Class A industrial space with flexible leasing options.
      3929 Pipkin Rd S, Lakeland, FL 33811
      View Details
    • Contact for pricing
      3,800 SF

      New Construction Flex Space Available

      Flex space for lease near Polk Parkway and Lakeland Airport.
      3645 Airport Commerce Dr, Lakeland, FL 33811
      View Details
    • Contact for pricing
      19,600 SF

      Versatile Flex/Industrial Spaces For Rent

      New flex/industrial spaces available near Lakeland Airport.
      2819 W Pipkin Rd, Lakeland, FL 33811
      View Details
    • Contact for pricing
      498,762 SF

      Lakeland Industrial Land - 11.45 Acres

      Prime Lakeland industrial land, I-4 & Polk Parkway access.
      1472 Airport Rd, Lakeland, FL 33811
      View Details
    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.
    2819 Pipkin Rd
    Lakeland, FL 33811
    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
    2819 Pipkin 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!