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Property profile

0 Pipkin Rd Lakeland, FL 33811

OFF-MARKET
Retail properties & Spaces
1.52 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Lot 1.52 ac (66,211 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Pipkin Rd Lakeland, FL 33811
Lakeland metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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