Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Fl-33 Lakeland, FL 33809

    • Land
    • 4.57 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Fl-33

    Lot size
    4.57 lot acres
    Property type
    Land

    Description

    This exceptional 4.57-acre commercial parcel is situated at the southwest corner of I-4 and SR 33 in Lakeland, Florida, offering unparalleled visibility and accessibility. Part of the Firstpark at Bridgewater development, this property boasts a prime location with an average daily traffic count exceeding 100,000 vehicles on I-4 and 13,700 on SR 33. The site is fully developed and pad-ready, featuring completed infrastructure including off-site retention, a spine road, and curb. Zoned for commercial uses, this land is ideal for a variety of developments, including retail, hotel, or industrial projects. The property benefits from a lighted intersection at Firstpark Blvd. and SR 33, providing easy access. Existing nearby businesses include Haverty's, HD Supply, Walmart, and Empire Flooring, further enhancing the desirability of this location. The parcel is cleared and filled, ready for immediate development. Each pad includes a 50-trip count allocation, with additional trip counts available for purchase. The property's proximity to the Florida Polyphonic Connector Road adds to its appeal. The asking price is $4,068,505, with pricing starting at $20 per square foot. The parcel ID is 24-27-15-161082-000010. This is a truly exceptional opportunity to capitalize on a high-traffic location in a thriving Lakeland market.

    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
    28.2274

    Comparable in this City

    • Value Estimation by Request
      1.76 Acres

      98 Princeton Mnr Ln & Us Hwy

      Land • 1.76 Acres
      98 Princeton Mnr Ln & Us Hwy, Lakeland, FL 33809
      View Details
    • Value Estimation by Request
      85,253 SF

      6140 Us Highway 98

      Lifestyle centers • 85,253 SF
      6140 Us Highway 98, Lakeland, FL 33809
      View Details
    • Value Estimation by Request
      1.76 Acres

      Princeton Manor Ln

      Land • 1.76 Acres
      0 Princeton Manor Ln, Lakeland, FL 33809
      View Details
    • Value Estimation by Request

      8340 Epicenter Blvd

      Land
      8340 Epicenter Blvd, Lakeland, FL 33809
      View Details
    • Value Estimation by Request
      2,864.00 Acres

      Rockridge Rd

      Farms • 2,864.00 Acres
      0 Rockridge Rd, Lakeland, FL 33809
      View Details
    • Value Estimation by Request
      1.25 Acres

      Fox Lake Dr

      Land • 1.25 Acres
      0 Fox Lake Dr, Lakeland, FL 33809
      View Details

    Similar Nearby for Sale

    • $125,000
      Pending

      4.03 Acres in Lakeland, Florida

      4.03-acre property with utilities in place, ready for development.
      10629 Sportsman Trl, Lakeland, FL 33809
      View Details
    • $18,616,000
      2,864.00 Acres

      JEH Ranch: Lakeland, FL

      2,864-Acre Ranch, Abundant Wildlife
      0 Rockridge Rd, Lakeland, FL 33809
      View Details
    • $115,000

      Lakeland Acreage for Sale

      1.16 acre lot available in Lakeland, Florida.
      13509 Creekwood Ct, Lakeland, FL 33809
      View Details
    • $52,500

      Vacant Land Ready For Vision

      Vacant land over 1.5 acres available for development.
      10845 Rockridge Rd, Lakeland, FL 33809
      View Details
    • $150,000
      2.82 Acres

      Vacant Land Parcel in Lakeland

      2.82 acre vacant land parcel in North Lakeland, Florida.
      Ranchland Dr, Lakeland, FL 33809
      View Details
    • $75,000
      4.49 Acres

      Vacant Land in Lakeland, Florida

      4.49 acres of vacant land for creating a homestead.
      Creekwood Run, Lakeland, FL 33809
      View Details

    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

      Prime Land on US Hwy

      Exceptional leasing opportunity with high visibility on US Hwy 98.
      3606 Us Hwy. 98 N, Lakeland, FL 33809
      View Details
    • Contact for pricing

      Commercial Land Near Interstate 4

      Commercial land for rent with high visibility and traffic.
      1012 Woodland Dr, Lakeland, FL 33809
      View Details
    • Contact for pricing

      5.8 Acre Redevelopment Pad Site

      5.8 acre pad site available for redevelopment up to 40,000 SF.
      3606 Us Highway 98 N, Lakeland, FL 33809
      View Details
    • Contact for pricing
      24,394 SF

      Lakeland Retail Center Opportunity

      High-traffic retail space, 20,000 sq ft available
      3715 Hopewell Ave, Lakeland, FL 33809
      View Details
    • Contact for pricing
      239,580 SF

      Lakeland Retail Center Investment

      High-traffic retail space available in Lakeland, FL
      0 Lakeland Park Ctr Dr. & Nebraska Ave, Lakeland, FL 33809
      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.
    Fl-33
    Lakeland, FL 33809
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.