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Property profile & analytics
FOR LEASE
Office buildings
2525 Drane Field Rd Lakeland, FL 33811
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-4726529
For Lease
1 / 49
$17 SF/Yr
2525 Drane Field Rd, Lakeland, FL 33811
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Property summary
AI-generated overview
This single-story, 42,000 square foot Class B office and industrial building at 2525 Drane Field Road in Lakeland, Florida, offers multiple tenancy options. Built in 1988, the property features flexible space ideal for executive offices, traditional offices, or flex uses. Units range from a minimum of 4,000 square feet to a maximum contiguous space of 20,000 square feet, with 4,000 square feet currently vacant. The property boasts ample parking and readily available power. Its convenient location in West Lakeland provides easy access to Lakeland International Airport, Polk Parkway, and Interstate 4. The property's APN is 232834000000024000 and is situated in Polk County, Florida, zip code 33811. This versatile property is perfect for businesses seeking a variety of space options in a prime Lakeland location. The building is situated on a parcel that includes build-to-suit land opportunities.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
31,424 SF
Lot
9.42 ac (410,161 SF)
Zoning code
PUD
APN
232834000000024010
UPID
US18-4726529
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
Current use
Occupant on record · Public records
-
ProLogistix Employment Agency
-
ResourceMFG Employment Agency
-
National Firestopping Solutions General Contractor Security Service
-
Primus Labs Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.34M
Comparable Approach
Comparable
$6.81M
Blend (final)
Blend
$6.55M
Owner & transaction history
Padre South LLC · 10 yrs held
Padre South LLC
since 2015
4 recorded transactions
Zoning & alternative use
PUD · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lakeland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakeland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,865,000
6.5%
$6,335,000
7%
$5,885,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,885,000
Current use
COMMERCIAL (GENERAL)
$8,120,000
Change: -9% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,775,000
Change: -13% · Conversion: Difficult
MEDICAL BUILDING
$7,720,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$6.55M
Range $5.90M – $7.21M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$208 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$134,177
Tax year 2023
Assessed value
$7,354,549
Assessed 2023
Previous assessed
$8,873,622
-17.1% YoY
Effective rate
1.82%
On assessed value
Assessed land
$1,230,507
Assessed improvement
$6,124,042
Land market value
$1,230,507
Improvement market value
$6,124,042
Total market value
$7,354,549
Applied tax rate
91,510.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1988
Heating
NONE
Buildings
4
Stories
1
Units
1
Total area
31,424 SF
Lot
9.42 ac (410,161 SF)
Zoning code
PUD
APN
232834000000024010
UPID
US18-4726529
Jurisdiction
POLK
Zoning & alternative use
PUD · Lakeland, FL
Zoning PUD · permitted uses
PUD · Lakeland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakeland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$8.9M
COMMERCIAL (GENERAL)
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$7.8M
MEDICAL BUILDING
Est. value
$7.7M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Stories
1
Buildings
4
Units
1
Lot
9.42 ac
Current owner
From public records · entity-resolved
Padre South LLC
Entity
Free & Clear · 10 yrs held
Mailing address
8925 SW 148TH ST STE #200, PALMETTO BAY, FL 33176-8084
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2025
—
Padre South LLC
—
Deed
related
$3,000,000 · Southstate Bank NA
Aug 25, 2015
$6,375,000
Padre South LLC
West Lakeland Business Partner
Warranty Deed
—
—
—
Lakeland Business Ptrs I West
—
Deed Of Trust
related
$1,500,000 · Bankers Ln Processing
—
—
Lakeland Business Ptrs I West
—
Deed Of Trust
related
$3,300,000 · Aetna Life Insurance & Annuity
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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