Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Pipkin Rd Lakeland, FL 33811

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Pipkin Rd Lakeland, FL 33811

    View on Map
    • Retail properties & Spaces
    • 1.52 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Pipkin Rd

    Lot size
    1.52 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This 1.52-acre commercial lot is situated at the highly visible, signalized intersection of Pipkin Road and Yates Road in southwest Lakeland, Florida (APN: 232909000000023040). Zoned FLU: Neighborhood Activity Center, this property presents a compelling investment opportunity. The asking price is $1,250,000, translating to approximately $822,368 per acre. The area is experiencing significant growth, with plans for 4,000 new housing units and two adjacent apartment communities. Major employers like Geico, Draken, and Lakeland Linder Regional Airport are nearby. The City of Lakeland is currently undertaking a road expansion project on Pipkin Road, promising improved traffic flow and increased accessibility, further enhancing the property's value and appeal. Ideal for a gas station or other retail uses, this location offers exceptional visibility and potential for strong returns. The property's location in Polk County, Florida, zip code 33811, ensures easy access to major transportation routes and a thriving local economy. This prime commercial land parcel is ready for development and poised to benefit from the area's continued expansion.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -82.0129
    Latitude
    27.9747

    Comparable in this City

    • Value Estimation by Request
      3.22 Acres

      Pipkin Rd

      Land • 3.22 Acres
      0 Pipkin Rd, Lakeland, FL 33811
      View Details
    • Value Estimation by Request
      8.00 Acres

      4210 County Line Rd

      Individual retail properties • 8.00 Acres
      4210 County Line Rd, Lakeland, FL 33811
      View Details
    • Value Estimation by Request
      3.35 Acres

      Stoney Creek Blvd

      Retail properties & Spaces • 3.35 Acres
      0 Stoney Creek Blvd, Lakeland, FL 33811
      View Details
    • Value Estimation by Request
      11.45 Acres

      1472 Airport Rd

      Land • 11.45 Acres
      1472 Airport Rd, Lakeland, FL 33811
      View Details
    • Value Estimation by Request
      8.00 Acres

      4210 County Line Rd

      Land • 8.00 Acres
      4210 County Line Rd, Lakeland, FL 33811
      View Details
    • Value Estimation by Request
      1.01 Acres

      3625 Airport Rd

      Land • 1.01 Acres
      3625 Airport Rd, Lakeland, FL 33811
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Site at Signalized Intersection

      3.35-acre corner retail site suitable for development.
      Stoney Creek Blvd, Lakeland, FL 33811
      View Details
    • $2,750,000
      3,600 SF

      Corner Gas Station Near Airport

      High-visibility gas station with easy highway access and fueling pumps.
      3730 Airport Rd, Lakeland, FL 33811
      View Details
    • $2,200,000

      Lakeland Airport-Adjacent Development Opportunity

      6.22 acres in Lakeland's fastest-growing industrial corridor.
      4040 Waring Rd, Lakeland, FL 33811
      View Details
    • $4,027,500
      Pending

      Prime Development Land For Sale

      26.85 acres of prime development property with extensive road frontage.
      2625 W Pipkin Rd, Lakeland, FL 33811
      View Details
    • $100,000
      0.25 Acres

      Quarter-Acre Homesite in Lakeland, FL

      Spacious lot in a desirable Central FL community.
      Parker Rd, Lakeland, FL 33811
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Available For Lease

      Land available for lease in Lakeland, Florida.
      Shepherd 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
    • Contact for pricing

      Industrial Land For Lease

      1.3 acres, paved/rocked, fenced, lit, prime industrial location.
      4315 Drane Field Rd, Lakeland, FL 33811
      View Details
    • Contact for pricing
      8,470 SF

      Lakeland Industrial Parking and Storage

      1.93 acre paved lot with 89 parking spaces.
      4760 Gateland Dr, Lakeland, FL 33811
      View Details
    • Contact for pricing

      Lakeland Commercial Business Park

      Commercial business park with spaces and land for lease.
      2525 Drane Field Rd, Lakeland, FL 33811
      View Details
    • Contact for pricing

      Lakeland Commercial Business Park Spaces

      Commercial spaces for lease in West Lakeland business park.
      2525 Drane Field 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.
    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

    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!