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Property profile & analytics

3308 Cleveland Heights Blvd Lakeland, FL 33803

  • Office buildings
  • 5,394 SF
  • 1.36 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US18-3217021
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

  • Vecchio Thomas P / Law Firm
  • Vecchio Carrier & Feldman / Law Firm
  • Mason A. Pokorny / Law Firm

Property Details for 3308 Cleveland Heights Blvd

Year built
1982
Lot size
1.36 lot acres
Property size
5,394 SF
Zone code
C-1
Property type
Office buildings
APN
242831261000000361
APU
242831261000000361

Description

This exceptional two-story office building, totaling 11,637 square feet, is situated on a 1.35-acre lot in Lakeland, Florida, boasting a desirable location on Cleveland Heights Boulevard, overlooking a golf course and trail. The property, built in 1982 and renovated in 2005, offers a Class B designation and features 5 suites, with a minimum divisible space of 654 square feet and a maximum contiguous space of 11,637 square feet. Currently, 7,990 square feet are vacant, presenting a significant opportunity for lease. The building includes convenient amenities such as an elevator and ample parking with 58 spaces. Its strategic location near Polk Parkway provides easy access to Tampa, Orlando, and Winter Haven. The property benefits from high visibility, with signage opportunities and exposure to 16,700 cars daily. The versatile space is suitable for various uses, including general office, medical, corporate headquarters, call centers, back-office operations, or non-profit organizations. A prime example is Suite 102, a 2,530-square-foot space featuring two large private offices/conference rooms, two open offices, a spacious open area, two restrooms, and a cafeteria. The surrounding area offers a wealth of amenities, including hotels, restaurants, retail establishments, fitness centers, banks, and coffee shops. The property's zoning is C-1, and it's situated within a strong demographic area, less than 15 minutes from downtown Lakeland, I-4, Plant City, Bartow, Mulberry, County Line Road, Auburndale, and west Winter Haven.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $1,180,000
    6.5%
    $1,085,000
    7%
    $1,010,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $1,179,000
    Market price range: $403k - $1.18M
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $1,480,000
    Current use
    COMMERCIAL (GENERAL)
    $1,395,000
    Change: -6% Conversion: Easy
    AUTO REPAIR, GARAGE
    $1,335,000
    Change: -10% Conversion: Difficult
    MEDICAL BUILDING
    $1,325,000
    Change: -10% Conversion: Easy

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


Location Insight

  • Map
  • Local Demand
City
Lakeland
County
Polk
State
Florida
Longitude
-81.9483
Latitude
28.0037
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
$21,365
$115,393
$1,056,573
$1,171,966
-
$115,393
$1,056,573
$1,171,966
More about this property
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