3675 Innovation Dr Lakeland, FL 33812-4106
This exceptional investment opportunity presents a fully leased, 8,000-square-foot Class B office and medical building situated on a 1.26-acre lot in Lakeland, Florida. Located at 3675 Innovation Drive, this single-story, free-standing building boasts a prime location within the Parkway University Center on US Highway 98 South. The property features 52 parking spaces and is zoned for professional use in Polk County. Constructed in 2005, the building is currently 100% occupied by two long-term, well-established tenants—one national and one regional—under a triple-net (NNN) lease structure. This presents a stable and predictable income stream with a 5.70% cap rate and an asking price of $3,800,000 ($475 per square foot). The property offers significant upside potential with the possibility of expanding the building by approximately 2,200 square feet. Detailed financial information is available upon request. This is a rare opportunity to acquire a high-quality, fully leased NNN investment property in a desirable Lakeland location. The APN is 24-29-10-280562-000130.
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Premier Heart and Vascular Center Medical Clinic
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Dr. Rami Heart, FACC, FACOI Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.