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Property profile & analytics
OFF-MARKET
Medical Office Space

3675 Innovation Dr Lakeland, FL 33812-4106

8,000 SF 1.26 ac lot Built 2005
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US18-5393273
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2005
Total area 8,000 SF
Lot 1.26 ac (54,798 SF)
APN 242910280562000130
UPID US18-5393273
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Premier Heart and Vascular Center Medical Clinic
  • Dr. Rami Heart, FACC, FACOI Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Phvc Properties Slk LLC · 1 yrs held
Phvc Properties Slk LLC
since 2025
Last sale
$3.5M
7 recorded transactions
2025
$3.5M
2022
Price N/A
2018
Price N/A
2016
$1.1M
2004
$191,800
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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