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Property profile & analytics
OFF-MARKET
Specialty properties

1224 Olive St Lakeland, FL 33815-4320

1,600 SF 0.28 ac lot Built 1963
Individually Owned 1-yr Hold Free & Clear
Property ID
US18-8308060
Property summary
AI-generated overview

This exceptional mixed-use property in Lakeland, Florida, presents a unique investment opportunity. Located at 1224 Olive St, 33815, this building boasts 1,600 square feet of meticulously renovated space, completed in 20223. The property features seven private offices, each equipped with individual mailboxes and secure keypad entry, providing both privacy and security for tenants. An additional room, complete with salon wash bowls, offers versatile functionality as a break room or extra office space. The substantial 11,988 square foot lot provides ample room for expansion, allowing for the addition of more buildings or the expansion of existing structures to accommodate future growth. This property is ideally suited for investors seeking a strong return or entrepreneurs looking to establish a thriving business in a prime Lakeland location. The building's recent renovation ensures modern amenities and low maintenance costs, making it an attractive proposition for a variety of commercial ventures. The property's location in Polk County offers easy access to major transportation routes and a vibrant local economy. This is a rare opportunity to acquire a well-maintained, versatile commercial property with significant growth potential. The asking price is $390,000.

Property profile
Verified
Property type Specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Year built 1963
Total area 1,600 SF
Lot 0.28 ac (11,988 SF)
APN 232823102500001050
UPID US18-8308060
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Edgar Berlanga · 1 yrs held
Edgar Berlanga
since 2025
Last sale
$325,000
7 recorded transactions
2025
$325,000
2023
Price N/A
2023
$240,000
2017
$30,000
2013
$20,000
2012
$5,100
2007
$200,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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