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    Property profile & analytics

    37 & Drane Fld Rd Lakeland, FL 33803

    • Lifestyle centers
    • 236,522 SF
    For Lease
    View listing
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 37 & Drane Fld Rd

    Property size
    236,522 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Merchants Walk offers exceptional retail and restaurant space in a thriving South Lakeland location. This premier power center boasts a total of 236,522 square feet, featuring a diverse tenant mix. Currently, there is 2,888 square feet of vacant space available, divisible into units ranging from a minimum of 1,088 square feet to a maximum contiguous space of 1,800 square feet. The property is conveniently situated at the intersection of S. Florida Ave. (SR 37) and Drane Field Rd in Lakeland, Florida, zip code 33803. Ample parking is provided with 1,126 spaces available for customers and employees. The property is classified as a shopping center and is located in Polk County. This high-traffic location presents a unique opportunity for businesses seeking visibility and accessibility within a well-established retail environment. The available space is ideal for a variety of retail or restaurant concepts. Contact us today to learn more about this exciting opportunity.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.9593
    Latitude
    27.9985

    Comparable in this City

    • Value Estimation by Request
      11,805 SF

      3540 Harden Blvd

      Lifestyle centers • 11,805 SF
      3540 Harden Blvd, Lakeland, FL 33803
      View Details
    • Value Estimation by Request
      8,022 SF

      1326 Town Ctr Dr

      SHOPPING CENTER, STRIP CENTER • 8,022 SF
      1326 Town Ctr Dr, Lakeland, FL 33803-7953
      View Details
    • Value Estimation
      $12,225,000
      61,497 SF

      3604 Harden Blvd

      SHOPPING CENTER, STRIP CENTER • 61,497 SF
      3604 Harden Blvd, Lakeland, FL 33803-5938
      View Details
    • Value Estimation
      $490,000
      11,550 SF

      2928 Combee Rd

      SHOPPING CENTER, STRIP CENTER • 11,550 SF
      2928 Combee Rd, Lakeland, FL 33803
      View Details
    • Value Estimation
      $335,000
      7,072 SF

      2810 Florida Ave

      SHOPPING CENTER, STRIP CENTER • 7,072 SF
      2810 Florida Ave, Lakeland, FL 33803-3801
      View Details
    • Value Estimation
      $465,000
      6,096 SF

      3228 Florida Ave

      SHOPPING CENTER, STRIP CENTER • 6,096 SF
      3228 Florida Ave, Lakeland, FL 33803-4551
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      236,522 SF

      Lakeland Retail Space Available

      High-demand shopping center space in South Lakeland.
      37 & Drane Fld Rd, Lakeland, FL 33803
      View Details
    • Contact for pricing
      142,192 SF

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      Retail space available in a well-occupied shopping center.
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      76,902 SF

      Retail/Office Center Near Polk Parkway

      Mixed-use retail and office center in high-growth Lakeland market.
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    • Contact for pricing
      2,375 SF

      Retail and Office Center Space

      Mixed-use retail and office center near Polk Parkway.
      1314-1326 Town Center Dr, Lakeland, FL 33803
      View Details
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    37 & Drane Fld Rd
    Lakeland, FL 33803
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    Realmo Value Estimation

    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.

    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.

    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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