0 Pipkin Rd, Lakeland, FL 33811
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.