Property profile

2210 Commerce Pt Dr Lakeland, FL 33801

OFF-MARKET
Retail space
Property ID
US18-2914335
16,250 SF 4.72 ac lot Built 1981
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property at 2210 Commerce Point Dr is a combined warehouse and showroom facility located off US HWY 98, positioned about 1.4 miles from Polk Parkway, under 3 miles from Downtown Lakeland, and roughly 5.7 miles from Interstate 4, with an estimated 42,000+ vehicles per day passing along US HWY 98. The building includes a showroom front area of approximately 2,116 square feet with about 23.8 feet of column spacing and approximately 11.8 feet of clear height, and a rear showroom area of approximately 2,390 square feet with approximately 23.8 feet of column spacing and approximately 9.8 feet of clear height. The warehouse totals about 15,000 square feet and features a 14-foot eave, a 17.2-foot apex, and about 24.4 feet of column spacing. An external loading area of approximately 4,500 square feet is included, served by 2 dock doors. Additional spaces include a side showroom of approximately 1,696 square feet with about 9.8 feet of clear height, along with a front office, a storage room, and a back common area; the overall facility is configured to provide approximately 35,750 square feet of total space.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1981
Total area 16,250 SF
Lot 4.72 ac (205,734 SF)
Zoning code C-2
APN 242828000000023020
UPID US18-2914335

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
  • Furniture & Home Goods Home Decor Store

Location

2210 Commerce Pt Dr Lakeland, FL 33801-6878
Lakeland metro Census 11732 LAKELAND, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.94M
CAP Approach CAP
$2.81M
Comparable Approach Comparable
$4.59M
Blend (final) Blend
$3.62M

Owner & transaction history

since 2022
Last sale
$3.6M
5 recorded transactions
2022
$3.6M
2019
$1.5M
2017
$1.9M
2012
$3.8M
1969
Price N/A

Zoning & alternative use

C-2 · Lakeland, FL
General category COMMERCIAL
Top alternative use upside
Auto repair, garage $4.0M +42.3%
Medical building $4.0M +41.2%
Office building $3.5M +23.4%

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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