Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    2855 Interstate Dr Lakeland, FL 33805-2338

    • Industrial properties
    • 57,485 SF
    • 4.81 lot acres
    OFF-MARKET
    Last Sale
    Apr 12, 2022
    $7,980,000
    Value Estimations
    $9,490,000
    Show details
    Cap Rate Potential
    3%
    Industrial properties
    Location Intelligence
    Property ID
    US18-8220033
    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

    • Belt Power LLC / Manufacturer
    • MidAmerica Administrative & Retirement Solutions / Corporate Office
    • Belt Power, LLC / Corporate Office
    • Eagle Hemp, LLC / Manufacturer / Store

    Property Details for 2855 Interstate Dr

    Year built
    2007
    Lot size
    4.81 lot acres
    Property size
    57,485 SF
    Property type
    Industrial properties
    APN
    232802020501000091
    APU
    232802020501000091

    Description

    This exceptional single-tenant creative office building, totaling 56,760 square feet, is situated on a 4.87-acre lot in the desirable Lakeland, FL submarket. The property boasts a modern and well-maintained design, perfectly suited for a variety of businesses seeking flexible workspace. Its convenient location offers easy access to Interstate 4, placing it strategically midway between Tampa and Orlando, ensuring excellent connectivity for employees and clients. The building features an open office plan, promoting collaboration and efficiency, complemented by private conference rooms, individual offices, and a dedicated break room for employee comfort. Ample parking is available directly at the building's entrance, providing convenient access for all occupants. The property is currently 100% occupied, reflecting its high desirability and strong tenant base. This single-story building presents a rare opportunity to acquire a fully functional, modern creative office space in a prime location with excellent accessibility and amenities. The property's size and layout offer significant potential for a variety of uses, making it an attractive investment for discerning buyers seeking a high-quality, well-maintained asset in a thriving market. The building's modern design and convenient location combine to create an exceptional workspace that is both functional and appealing. The 14,500 square foot space is currently occupied by a single tenant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,170,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $13,956,000
      Market price range: $2.25M - $14.2M

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.9746
    Latitude
    28.0781
    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
    $129,465
    $0.00
    $0.00
    $7,101,857
    -
    $0.00
    $0.00
    $7,101,857

    Comparable in this City

    • Value Estimation by Request
      200,242 SF

      6870 Firstpark Blvd

      Distribution properties • 200,242 SF
      6870 Firstpark Blvd, Lakeland, FL 33805
      View Details
    • Value Estimation
      $265,000
      1.47 Acres

      Katy Dr

      INDUSTRIAL (GENERAL) • 1.47 Acres
      Katy Dr, Lakeland, FL 33805
      View Details
    • Value Estimation
      $810,000
      34,050 SF

      5260 Combee Rd

      INDUSTRIAL (GENERAL) • 34,050 SF
      5260 Combee Rd, Lakeland, FL 33805-7688
      View Details
    • Value Estimation by Request

      1530 Kendrick Ln

      Distribution properties
      1530 Kendrick Ln, Lakeland, FL 33805
      View Details
    • Value Estimation by Request
      10,000 SF

      1535 Kendrick Ln

      Flex space • 10,000 SF
      1535 Kendrick Ln, Lakeland, FL 33805
      View Details
    • Value Estimation by Request
      4.10 Acres

      1910 Bella Vista St

      Land • 4.10 Acres
      1910 Bella Vista St, Lakeland, FL 33805
      View Details

    Similar Nearby for Sale

    • $7,500,000
      10,000 SF

      Class A Flex Space, Lakeland, FL

      I-4 Corridor, 30,000 SF Flex Space
      1535 Kendrick Ln, Lakeland, FL 33805
      View Details
    • $1,160,000
      1.16 Acres

      Lakeland Commercial Land, 1.16 Acres

      Prime Polk County location, high traffic, ready to build.
      7568 State Road 33, Lakeland, FL 33805
      View Details
    • $450,000
      960 SF

      Lakeland Mixed-Use Industrial Property

      Prime Lakeland industrial property, 0.6 acres, home included.
      1137 Crestview Ave, Lakeland, FL 33805
      View Details
    • $109,900
      0.71 Acres

      Residential Land in Gated Community

      0.71 acre lot in gated Lakeland community near I4.
      5142 Lake Deeson Woods Ct, Lakeland, FL 33805
      View Details
    • $580,000
      2.26 Acres

      Prime Land in Lakeland, FL

      2.26-acre commercial/industrial land with high visibility and easy access.
      Us-98, Lakeland, FL 33805
      View Details
    • $1,400,000

      Lakeland Commercial Land for Sale

      Prime 1.4-acre commercial pad, I-4 & SR 33
      0 State Road 33, Lakeland, FL 33805
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,200 SF

      Lakeland Warehouse Space Available

      Warehouse space with dock high access and sprinkler system.
      4725 E Lakeland Commerce Pkwy, Lakeland, FL 33805
      View Details
    • Contact for pricing
      73,356 SF

      73,356 SF Lakeland Warehouse Space

      73,356 SF warehouse with expansion potential and ample parking.
      2727 Interstate Dr, Lakeland, FL 33805
      View Details
    • $13 SF/Yr
      2,500 SF

      Warehouse Space Near I-4 Corridor

      Well-maintained commercial park with easy access to major roadways.
      2372 Old Combee Rd, Lakeland, FL 33805
      View Details
    • $14 SF/Yr
      2,550 SF

      Lakeland Flex Space For Rent

      Flex space available near Interstate 4 in Lakeland, Florida.
      2306 Old Combee Rd, Lakeland, FL 33805
      View Details
    • Contact for pricing
      18,000 SF

      Lakeland Warehouse Space Available

      Dock-high warehouse space for lease in Lakeland, Florida.
      4740 Lakeland Commerce Pkwy, Lakeland, FL 33805
      View Details
    • Contact for pricing
      200,242 SF

      Lakeland Warehouse: 200,242 SF

      Large industrial warehouse space available in Lakeland, Florida.
      6870 Firstpark Blvd, Lakeland, FL 33805
      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.
    2855 Interstate Dr
    Lakeland, FL 33805-2338
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.