Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2525 Drane Field Rd Lakeland, FL 33811

    • Office buildings
    • 31,424 SF
    • 9.42 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4726529
    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

    • ProLogistix / Employment Agency / Logistics Service
    • ResourceMFG / Employment Agency
    • National Firestopping Solutions / Fire Protection Service
    • Primus Labs / Laboratory

    Property Details for 2525 Drane Field Rd

    Year built
    1988
    Lot size
    9.42 lot acres
    Property size
    31,424 SF
    Zone code
    PUD
    Property type
    Office buildings
    APN
    232834000000024010
    APU
    232834000000024010

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,865,000
      6.5%
      $6,335,000
      7%
      $5,885,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $6,807,000
      Market price range: $1.71M - $6.81M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.9975
    Latitude
    27.9975
    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
    $134,177
    $1,230,507
    $6,124,042
    $7,354,549
    -
    $1,230,507
    $6,124,042
    $7,354,549

    Comparable in this City

    • Value Estimation
      $1,870,000
      15,000 SF

      4150 Kidron Rd

      OFFICE BUILDING • 15,000 SF
      4150 Kidron Rd, Lakeland, FL 33811-1282
      View Details
    • Value Estimation
      $3,595,000
      16,912 SF

      3075 Airside Ctr Dr

      OFFICE BUILDING • 16,912 SF
      3075 Airside Ctr Dr, Lakeland, FL 33811
      View Details
    • Value Estimation by Request
      1,700 SF

      3526 Dmg Dr

      OFFICE BUILDING • 1,700 SF
      3526 Dmg Dr, Lakeland, FL 33811-1039
      View Details
    • Value Estimation by Request
      1,989 SF

      3805 Drane Fld Rd

      OFFICE BUILDING • 1,989 SF
      3805 Drane Fld Rd, Lakeland, FL 33811-1288
      View Details
    • Value Estimation
      $820,000
      3,614 SF

      2930 Drane Fld Rd

      OFFICE BUILDING • 3,614 SF
      2930 Drane Fld Rd, Lakeland, FL 33811-1329
      View Details
    • Value Estimation by Request
      1,320 SF

      3231 Drane Fld Rd

      OFFICE BUILDING • 1,320 SF
      3231 Drane Fld Rd, Lakeland, FL 33811-1336
      View Details

    Similar Nearby for Sale

    • $2,070,510
      10,618 SF

      Lakeland Medical Office Complex

      10,618 SF Medical Building, $2M+
      4231 Pipkin Rd, Lakeland, FL 33811
      View Details
    • $1,975,000
      3.35 Acres

      South Lakeland Retail-Office Land

      3.35 Acres, Prime Location, High Visibility
      0 Stoney Creek Blvd, Lakeland, FL 33811
      View Details
    • $829,000
      5,800 SF

      Warehouse and Office Space Available

      5,820 SF warehouse and office space in Lakeland, Florida.
      4459 Holden Rd, Lakeland, FL 33811
      View Details
    • Contact for pricing
      182,985 SF

      Hamilton Logistics Center - Building 200

      Lakeland, FL Industrial Distribution Center
      4142 Hamilton Rd, Lakeland, FL 33811
      View Details
    • $195,000
      1.08 Acres

      Cleared Homesite in South Lakeland

      1.08-acre cleared homesite ready for construction in South Lakeland.
      4005 Timberwood Dr, Lakeland, FL 33811
      View Details
    • $2,500,000
      20.49 Acres

      Lakeland Land for Residential Development

      20.49 acres ideal for residential development in South Lakeland.
      Shepherd Rd, Lakeland, FL 33811
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      42,000 SF

      Lakeland Office Space Available

      Flexible Office Suites, Ample Parking
      2525 Drane Field Rd, Lakeland, FL 33811
      View Details
    • $450 /Mo
      100 SF

      Office/Airplane Hangar at Lakeland Airport

      Newly constructed office/airplane hangar with modern amenities at Lakeland Linder Airport.
      3699 Airfield Dr W, Lakeland, FL 33811
      View Details
    • $1,600 /Mo
      1,750 SF

      Lakeland Office and Warehouse Space

      Two-story unit with office, kitchenette, bathroom, and warehouse space.
      3903 Industry Blvd, Lakeland, FL 33811
      View Details
    • Contact for pricing
      770,047 SF

      Key Logistics Center: Lakeland, FL

      Class-A Industrial Space Available
      5370 Allen K Breed Hwy, Lakeland, FL 33811
      View Details
    • $1,050 /Mo
      788 SF

      Retail Space in Lakeland, FL

      Retail space available for rent in Lakeland, Florida.
      5405 Old Hwy 37, Lakeland, FL 33811
      View Details
    • Contact for pricing
      148,100 SF

      Lakeland Warehouse and Distribution Space

      905,840 SF warehouse/distribution space on 90.41 acres available.
      3400 County Line Rd, Lakeland, FL 33811
      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.
    2525 Drane Field Rd
    Lakeland, FL 33811
    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.