Add Listing
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

    206 Florida Ave Lakeland, FL 33801-4902

    • Medical Office Space
    • 12,377 SF
    • 0.79 lot acres
    OFF-MARKET
    Value Estimations
    $1,520,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4798888
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dedicated Senior Healthcare / Physician
    • Christine Fechter / Physician
    • Christopher Berrezueta Reinoso / Pediatrician / Physician
    • Faisel Syed / Pediatrician / Physician
    • Jeffrey Laman / Pediatrician / Physician

    Property Details for 206 Florida Ave

    Year built
    1937
    Lot size
    0.79 lot acres
    Property size
    12,377 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    232813068500003010
    APU
    232813068500003010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.9578
    Latitude
    28.0456
    CBSA code
    29460
    CBSA name
    LAKELAND, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,613
    $266,422
    $900,819
    $1,167,241
    -
    $266,422
    $900,819
    $1,167,241

    Comparable in this City

    • Value Estimation
      $535,000
      2,754 SF

      727 Florida Ave

      MEDICAL BUILDING • 2,754 SF
      727 Florida Ave, Lakeland, FL 33801-5232
      View Details
    • Value Estimation
      $2,885,000
      25,215 SF

      715 Lk Ave

      MEDICAL BUILDING • 25,215 SF
      715 Lk Ave, Lakeland, FL 33801-1908
      View Details
    • Value Estimation by Request
      2,560 SF

      211 Lime St

      MEDICAL BUILDING • 2,560 SF
      211 Lime St, Lakeland, FL 33801-4607
      View Details
    • Value Estimation
      $865,000
      6,836 SF

      601 Florida Ave

      MEDICAL BUILDING • 6,836 SF
      601 Florida Ave, Lakeland, FL 33801-5237
      View Details
    • Value Estimation by Request
      1,327 SF

      1718 Mockingbird Ln

      MEDICAL BUILDING • 1,327 SF
      1718 Mockingbird Ln, Lakeland, FL 33801-5948
      View Details
    • Value Estimation
      $1,980,000
      16,928 SF

      1815 Crystal Lk Dr

      MEDICAL BUILDING • 16,928 SF
      1815 Crystal Lk Dr, Lakeland, FL 33801-5979
      View Details

    Similar Nearby for Sale

    • $4,750,000
      23,700 SF

      Historic Religious Landmark For Sale

      Historic religious landmark with redevelopment potential in Lakeland, Florida.
      541 S Florida Ave, Lakeland, FL 33801
      View Details
    • $1,299,500
      Pending

      Office/Warehouse Property with Flexible Space

      8,750± SF office/warehouse with flexible office and warehouse space.
      1512 E Gary Rd, Lakeland, FL 33801
      View Details
    • $225,000
      Pending

      Lakeland Commercial Property on Main

      Commercial property with structures requiring improvements or redevelopment potential.
      1349 E Main St, Lakeland, FL 33801
      View Details
    • $475,000
      3,744 SF

      Downtown Lakeland Office Building

      Prime Office Space, Updated, High Visibility
      909 Parker St, Lakeland, FL 33801
      View Details
    • Contact for pricing
      1,800 SF

      Lakeland Office Space For Sale

      Office property featuring 1800 square feet in Lakeland, Florida.
      2609 Skyview Dr, Lakeland, FL 33801
      View Details
    • Contact for pricing

      Lakeland Industrial Property with Bay

      Multi-tenant industrial property in East Lakeland industrial corridor.
      1704 S Combee Rd, Lakeland, FL 33801
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      6,249 SF

      Lakeland Office Space Available

      Flexible workspace solutions in Lakeland, FL.
      238 Massachusetts Ave, Lakeland, FL 33801
      View Details
    • $1,400 /Mo
      13,000 SF

      Lakeland Commercial Spaces For Lease

      Commercial units in a centrally located Lakeland corridor.
      817-839 N Lake Parker Ave, Lakeland, FL 33801
      View Details
    • $14 SF/Yr
      8,850 SF

      Auburndale Office Complex

      8,850 SF Office/Retail, 1 Space Available
      3632 Us Highway 92, Auburndale, FL 33801
      View Details
    • Contact for pricing
      2,500 SF

      Lakeland Office Space Available

      2,500 SF office space for lease in Lakeland, FL.
      2315 Commerce Point Dr, Lakeland, FL 33801
      View Details
    • $20 SF/Yr
      3,730 SF

      Modern Versatile Lakeland Office Space

      Prime commercial space for lease in Lakeland, Florida.
      309-317 S Tennessee Ave, Lakeland, FL 33801
      View Details
    • Contact for pricing
      10,500 SF

      Move-in Ready Lakeland Office Sublease

      10,500 SF move-in ready office space for sublease.
      1129 Bartow Rd, Lakeland, FL 33801
      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.
    206 Florida Ave
    Lakeland, FL 33801-4902
    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.
    Sign Up Successful!
    You now have access to more from Realmo!