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    2300 Griffin Rd Lakeland, FL 33810

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    2300 Griffin Rd Lakeland, FL 33810

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    • Lifestyle centers
    • 65,142 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Benjamin D. Buie, PharmD / Pharmacy
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Blue Rhino Propane Exchange / Propane Supplier
    • Primo Water Refill / Big Box & Wholesale Store
    • Publix Pharmacy at Town and Country Square / Pharmacy

    Property Details for 2300 Griffin Rd

    Property size
    65,142 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Town & Country Square, a Publix-anchored shopping center in Lakeland, Florida, offers exceptional retail space for lease. Located at 2300 Griffin Road, this property boasts a total of 65,142 square feet and provides convenient access to Interstate 4, placing it within easy reach of the broader Lakeland market. The center's strategic location is further enhanced by its proximity to Lakeland Regional Hospital, approximately two miles away. Currently, two spaces are available, offering flexibility for various retail businesses. One space is a 2,930 square foot second-generation restaurant outparcel featuring a substantial patio area, ideal for businesses seeking outdoor dining options. The minimum leasable space is 1,200 square feet, catering to a range of business needs and sizes. The property's high visibility and convenient location, combined with the presence of a major anchor tenant like Publix, make it an attractive opportunity for businesses seeking a strong foothold in the thriving Lakeland retail market. The intersection of Griffin Road and Kathleen Road provides excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. This is a rare opportunity to secure prime retail space in a well-established and successful shopping 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
    -81.9919
    Latitude
    28.0798

    Comparable in this City

    • Value Estimation
      $930,000
      8,113 SF

      1218 Daughtery Rd

      SHOPPING CENTER, STRIP CENTER • 8,113 SF
      1218 Daughtery Rd, Lakeland, FL 33810-3293
      View Details
    • Value Estimation
      $1,750,000
      10,784 SF

      7340 Kathleen Rd

      SHOPPING CENTER, STRIP CENTER • 10,784 SF
      7340 Kathleen Rd, Lakeland, FL 33810-4495
      View Details
    • Value Estimation
      $785,000
      8,560 SF

      3406 Swindell Rd

      SHOPPING CENTER, STRIP CENTER • 8,560 SF
      3406 Swindell Rd, Lakeland, FL 33810-2973
      View Details
    • Value Estimation
      $2,735,000
      23,300 SF

      2905 Duff Rd

      SHOPPING CENTER, STRIP CENTER • 23,300 SF
      2905 Duff Rd, Lakeland, FL 33810-2188
      View Details
    • Value Estimation
      $1,310,000
      10,120 SF

      3005 Duff Rd

      SHOPPING CENTER, STRIP CENTER • 10,120 SF
      3005 Duff Rd, Lakeland, FL 33810-2662
      View Details
    • Value Estimation by Request
      10,208 SF

      7368 Kathleen Rd

      Restaurants • 10,208 SF
      7368 Kathleen Rd, Lakeland, FL 33810
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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      Retail Space in Lakeland Center

      Retail space with high traffic and easy highway access.
      2250-2390 Griffin Rd, Lakeland, FL 33810
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      Retail Space for Lease

      Retail space available for lease in Lakeland, Florida.
      2905 Duff Rd, Lakeland, FL 33810
      View Details
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    2300 Griffin Rd
    Lakeland, FL 33810
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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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