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    3020 Knights Station Rd Lakeland, FL 33810

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    3020 Knights Station Rd Lakeland, FL 33810

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    • Retail properties & Spaces
    • 4,912 SF
    • 5.69 lot acres
    For Sale
    $2,350,000
    View Listing →
    Corner Lot in Well-Known Area For Sale
    $2,350,000
    5.69 Acres

    Corner Lot in Well-Known Area

    Corner lot in a well-known area with light controlled corner.

    3020 Knights Station Rd, Lakeland, FL
    View Listing
    Property ID
    US18-4225488
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3020 Knights Station Rd

    Year built
    2009
    Lot size
    5.69 lot acres
    Property size
    4,912 SF
    Property type
    Retail properties & Spaces
    APN
    232804000000012001
    APU
    232804000000012001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,350,000
      ML approach
      $1,265,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $850,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -82.0076
    Latitude
    28.0795
    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
    $14,259
    $929,527
    $31,715
    $961,242
    -
    $929,527
    $31,715
    $961,242

    Comparable in this City

    • Value Estimation by Request
      10,208 SF

      7368 Kathleen Rd

      Restaurants • 10,208 SF
      7368 Kathleen Rd, Lakeland, FL 33810
      View Details
    • Value Estimation by Request
      65,142 SF

      2300 Griffin Rd

      Lifestyle centers • 65,142 SF
      2300 Griffin Rd, Lakeland, FL 33810
      View Details
    • Value Estimation
      $2,650,000
      16,082 SF

      3120 Kathleen Rd

      DRUG STORE, PHARMACY • 16,082 SF
      3120 Kathleen Rd, Lakeland, FL 33810-6707
      View Details
    • Value Estimation
      $3,705,000
      44,100 SF

      2925 Mall Hl Dr

      VEHICLE SALES, RENTALS • 44,100 SF
      2925 Mall Hl Dr, Lakeland, FL 33810-6716
      View Details
    • Value Estimation
      $1,180,000
      11,168 SF

      2920 Mall Hl Dr

      AUTO REPAIR, GARAGE • 11,168 SF
      2920 Mall Hl Dr, Lakeland, FL 33810-6738
      View Details
    • Value Estimation
      $18,135,000
      1.38 Acres

      Mall Hl Dr

      SHOPPING CENTER COMMON AREA • 1.38 Acres
      Mall Hl Dr, Lakeland, FL 33810
      View Details

    Similar Nearby for Sale

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      Mobile Home Park with Retail

      46-space mobile home community with retail building in Lakeland.
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      8,125 SF

      Lakeland Dollar General For Sale

      NN leased Dollar General with over 4 years remaining.
      4250 Old Kathleen Rd, Lakeland, FL 33810
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    • $1,100,000

      3320 Knights Station Rd, Lakeland, FL 33810

      Land
      3320 Knights Station Rd, Lakeland, FL 33810
      View Details
    • $900,000
      6.29 Acres

      6 Acre Lakeland Development Opportunity

      Prime 6-acre parcel suitable for commercial development in Lakeland, FL.
      7835 Kathleen Rd, Lakeland, FL 33810
      View Details
    • $1,190,000

      Kathleen Road Redevelopment Site

      Hard corner site in growing Kathleen area, suitable for redevelopment.
      3252 Kathleen Rd, Lakeland, FL 33810
      View Details
    • $319,999

      Land for Sale in Lakeland

      Land available in Lakeland, Florida.
      5930 Knights Station Rd, Lakeland, FL 33810
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Retail Space in Lakeland Center

      Retail space with high traffic and easy highway access.
      2250-2390 Griffin Rd, Lakeland, FL 33810
      View Details
    • Contact for pricing
      800 SF

      Retail Space in Growing Lakeland

      Retail space available in a high-visibility shopping center.
      2905-2977 Duff Rd, Lakeland, FL 33810
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Lakeland, Florida.
      2905 Duff Rd, Lakeland, FL 33810
      View Details
    View Listing
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    3020 Knights Station Rd
    Lakeland, FL 33810
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    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
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