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    New Tampa Hwy & Pne Chase Rd Lakeland, FL 33815

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    New Tampa Hwy & Pne Chase Rd Lakeland, FL 33815

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    • Warehouses
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 0 New Tampa Hwy & Pne Chase Rd

    Lot size
    1.00 lot acres
    Property type
    Warehouses
    Property subtype
    Land

    Description

    This exceptional 1-acre (±41,818 sq ft) commercial property presents a prime development opportunity in Lakeland, Florida. Situated on a high and dry corner lot at the intersection of New Tampa Highway and Pine Chase Road, this site boasts excellent visibility and accessibility. Zoned Light Industrial (BPC-1), it's ideally suited for warehouse, office, or other commercial uses. The property is conveniently located within the Lakeland Regional Industrial Park, offering easy access to Interstate 4 via County Line Road exit 25. Its strategic location places it in close proximity to Amazon's substantial 1 million square foot fulfillment center and several recently constructed warehouse distribution facilities, underscoring the area's robust industrial growth. All utilities are readily available, making this a build-ready site primed for immediate development. The high traffic volume on New Tampa Highway (Highway 92) ensures significant exposure for any future development. This is a rare opportunity to acquire a well-positioned industrial lot in a thriving Lakeland location. Asking price is $449,000. The property's zip code is 33815, and it is located in Polk County.

    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
    -82.0497
    Latitude
    28.0288

    Comparable in this City

    • Value Estimation by Request
      20,000 SF

      1077 Pine Chase Ave

      Distribution properties • 20,000 SF
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    • Value Estimation by Request

      792 County Line Rd

      Distribution properties
      792 County Line Rd, Lakeland, FL 33815
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    • Value Estimation
      $1,775,000
      19,332 SF

      4300 Steward Rd

      DISTRIBUTION WAREHOUSE • 19,332 SF
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    • Value Estimation
      $21,645,000
      246,194 SF

      7105 New Tampa Hwy

      DISTRIBUTION WAREHOUSE • 246,194 SF
      7105 New Tampa Hwy, Lakeland, FL 33815-9300
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    • Value Estimation
      $24,585,000
      201,560 SF

      5101 Great Oak Dr

      DISTRIBUTION WAREHOUSE • 201,560 SF
      5101 Great Oak Dr, Lakeland, FL 33815-3103
      View Details
    • Value Estimation
      $2,370,000
      33,600 SF

      2420 New Tampa Hwy

      DISTRIBUTION WAREHOUSE • 33,600 SF
      2420 New Tampa Hwy, Lakeland, FL 33815-3457
      View Details

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      Lakeland Flex Space Near I-4

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      Lakeland Warehouse Near I-4

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      Lakeland Warehouse Near Polk Parkway

      57,000 SF dock-high warehouse near I-4 and Polk Parkway.
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      Lakeland Dock-High Warehouse For Sale

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    Similar Nearby for Lease

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      705,420 SF

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      52,500 SF

      Lakeland Warehouse Space Available

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      1,550 SF

      Lakeland Warehouse Space Available

      Ground-level warehouse space for lease in Lakeland, Florida.
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      22,500 SF

      Lakeland Warehouse Space Available

      Warehouse space for lease in Lakeland, Florida.
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      4,740 SF

      Well-Maintained Office Complex Suites

      Office suites for lease in a well-maintained complex.
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    • $11 SF/Yr
      2,688 SF

      Lakeland Office Space For Lease

      Well-maintained office complex with ample parking and high visibility.
      6850 New Tampa Hwy, Lakeland, FL 33815
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    New Tampa Hwy & Pne Chase Rd
    Lakeland, FL 33815
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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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