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    6140 Us Highway 98 Lakeland, FL 33809

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    6140 Us Highway 98 Lakeland, FL 33809

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    • Lifestyle centers
    • 85,253 SF
    For Lease
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    Liberty Square Center Outparcels For Lease
    Contact for pricing

    Liberty Square Center Outparcels

    Lakeland Retail Center - Outparcels Available

    6140 Us Highway 98, Lakeland, FL 33809
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pinch A Penny Pool Patio Spa / (Bike/Boat/Book/etc) Store / Hardware & Home Improvement

    Property Details for 6140 Us Highway 98

    Property size
    85,253 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Liberty Square Center, located at 6140-6230 US Hwy 98 N in Lakeland, Florida (zip code 33809), presents exceptional outparcel opportunities within a thriving commercial shopping center. This prime retail location boasts excellent visibility and accessibility from US Highway 98 North, situated approximately 2.5 miles north of Interstate 4. The property consists of a total of 85,253 square feet of building space, with 1,906 square feet currently vacant. The land encompasses between 0.47 and 0.9 acres within Polk County. This multi-tenant shopping center offers a strong tenant mix, including established businesses such as SKYZONE, Planet Fitness, and Pinch a Penny. The strategic location adjacent to a Walmart Supercenter ensures high traffic volume and significant consumer exposure, making it an ideal investment for businesses seeking a high-visibility location in a densely populated area. The property's commercial zoning and existing infrastructure provide a seamless transition for new tenants. This is a rare opportunity to secure a prominent position in a well-established and successful retail center. Contact us today to learn more about the available outparcels and explore the potential for your business to thrive at Liberty Square Center.

    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
    -81.9753
    Latitude
    28.1232

    Comparable in this City

    • Value Estimation
      $945,000
      6,420 SF

      3801 Us Hwy 98th N

      SHOPPING CENTER, STRIP CENTER • 6,420 SF
      3801 Us Hwy 98th N, Lakeland, FL 33809-3812
      View Details
    • Value Estimation
      $1,720,000
      4,516 SF

      5354 Us Hwy 98th N

      SHOPPING CENTER, STRIP CENTER • 4,516 SF
      5354 Us Hwy 98th N, Lakeland, FL 33809-0517
      View Details
    • Value Estimation
      $5,010,000
      43,184 SF

      7331 Us Hwy 98th N

      SHOPPING CENTER, STRIP CENTER • 43,184 SF
      7331 Us Hwy 98th N, Lakeland, FL 33809-2102
      View Details
    • Value Estimation
      $1,305,000
      9,000 SF

      5100 Us Hwy 98th N

      SHOPPING CENTER, STRIP CENTER • 9,000 SF
      5100 Us Hwy 98th N, Lakeland, FL 33809-0534
      View Details
    • Value Estimation
      $965,000
      6,578 SF

      5515 Us Hwy 98th N

      SHOPPING CENTER, STRIP CENTER • 6,578 SF
      5515 Us Hwy 98th N, Lakeland, FL 33809-3133
      View Details
    • Value Estimation
      $1,160,000
      9,690 SF

      8210 Us Hwy 98th N

      SHOPPING CENTER, STRIP CENTER • 9,690 SF
      8210 Us Hwy 98th N, Lakeland, FL 33809
      View Details

    Similar Nearby for Sale

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      Lakeland Retail Space For Sale

      Expansive retail space in Lakeland Square Mall, Lakeland, Florida.
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      104,892 SF

      Lakeland Retail Opportunity on US-98

      Spacious retail property in Lakeland's key commercial corridor.
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      Retail Property Near Lakeland Square

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      North Lakeland Cleared Land Parcel

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    • New
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      Vacant Land in Lakeland, FL

      4.77 acres of wooded land in a desirable neighborhood.
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    Similar Nearby for Lease

    • Contact for pricing
      85,253 SF

      Liberty Square Center Outparcels

      Lakeland Retail Center - Outparcels Available
      6140 Us Highway 98, Lakeland, FL 33809
      View Details
    • Contact for pricing

      High Visibility Lakeland Power Center

      Retail spaces and outparcels available in high-traffic Lakeland location.
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      View Details
    • Contact for pricing
      1,800 SF

      Retail Space Near Lakeland Square

      Retail space available across from Lakeland Square Mall.
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      Retail Center in Lakeland, Florida

      Power center with national anchors, high visibility, and traffic.
      Lakeland Park Ctr Dr. & Nebraska Ave, Lakeland, FL 33809
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    • Contact for pricing

      Publix-Anchored Retail Center For Rent

      Retail space in a redeveloped, highly visible, Publix-anchored center.
      6767 Us Highway 98 N, Lakeland, FL 33809
      View Details
    • $22 SF/Yr
      5,600 SF

      Publix-Anchored Retail Space Available

      Retail space in Publix-anchored center at high-traffic intersection.
      5147-5239 Us Highway 98 S, Lakeland, FL 33809
      View Details
    View Listing
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    Lakeland, FL 33809
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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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