This meticulously maintained, 3,014 square foot office building in South Lakeland, Florida, is a fantastic investment opportunity. Recently appraised at a higher value, this property is now offered at $580,000, representing significant value for the buyer. Situated on a 0.3-acre lot, its convenient location near the Polk Parkway ensures easy accessibility for clients and employees. A complete renovation in 2020 provides modern amenities, including four spacious offices designed to foster a productive and welcoming atmosphere. The building is equipped with solar panels, substantially reducing electricity costs and promoting environmental responsibility. Further enhancing its reliability, a backup generator guarantees uninterrupted power supply during outages. This turnkey solution is perfect for professionals seeking to own their workspace, eliminating the ongoing expense of renting. The property offers a blend of modern functionality, cost-effectiveness, and a prime location, making it an exceptional investment prospect. This is a rare opportunity to acquire a well-maintained, updated office building in a desirable area at a price below recent appraisal.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.