Technical
Financial
Distress signals
Property profile

1040 Main St Lakeland, FL 33815

OFF-MARKET
Auto shops
Property ID
US18-4410424
2,232 SF 0.39 ac lot Built 1961
Individually Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,200 square foot commercial property, located at 1040 W Main St, Lakeland, FL 33815, presents a unique investment opportunity. Situated in the desirable Lake Beulah submarket, this C-class building offers a versatile space suitable for a variety of uses, including traditional office, manufacturing, and warehouse operations. The property boasts a single tenancy, with the entire 2,200 square feet currently vacant and available for lease. The building features a 10-foot ceiling height and two dock-high doors, enhancing functionality and accessibility. The 0.4-acre lot provides ample space for potential expansion or outdoor operations. The property is zoned C-2, allowing for a range of commercial activities. The building will be available for lease on January 1, 2025. Monthly rent is $4,000, with a first month, last month, and security deposit totaling $12,000 due at lease signing. The owner may consider a reduced rent for a smaller space, with the possibility of leasing the rear lot to a secondary tenant. Ideal tenants are responsible, respectful, and committed to timely rent payments. While suitable for various businesses, autobody and paint operations are excluded. The property's prime location near Lake Beulah and the Lakeland Convention Center offers excellent visibility and accessibility.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1961
Total area 2,232 SF
Lot 0.39 ac (17,189 SF)
APN 232813058500002020
UPID US18-4410424

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Construction Company General Contractor
  • Auto Repair Shop
  • Interior Design Auto Repair Shop

Location

1040 Main St Lakeland, FL 33815-4384
Lakeland metro Census 10800 LAKELAND, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2023
Last sale
$319,900
5 recorded transactions
2023
$319,900
2019
$150,000
2019
Price N/A
2014
$114,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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