4237 Pipkin Rd Lakeland, FL 33811-1442
- Medical Office Space
- 10,808 SF
- 2.02 lot acres
Current Use by Public Records
- Phillips Paul B MD / Pediatrician / Physician
- Dr. Vanessa C. Osting, DO / Physician
- Padma Gowda, MBBS / Physician
- VA Primary Care Clinic / Physician
- Janet L. Baker, MSW / Foster Care Service / Social Service Agency
Property Details for 4237 Pipkin Rd
- Year built
- 2008
- Lot size
- 2.02 lot acres
- Property size
- 10,808 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 232903139563000094
- APU
- 232903139563000094
Description
This exceptional 10,618-square-foot Class A medical office building, constructed in 2008 and renovated the same year, is situated on a 2.02-acre lot in Lakeland, Florida's Polk County submarket. The single-story building boasts a 16-foot ceiling height and features a thoughtfully designed layout perfect for medical practices. The space includes a large waiting and reception area, numerous exam rooms equipped with sinks, staff offices, conference rooms, and audiology labs. The building's exterior is block/stucco with a sloped flat roof and mature landscaping. Ample parking is provided with 80 spaces, exceeding a 7:1000 parking ratio. Utilities are supplied by Lakeland Electric. The property is ideally located in the Parkway Corporate Center, offering convenient access to Lakeland Linder Regional Airport, the Polk Parkway, and major thoroughfares. Nearby amenities include Lakeside Village, offering diverse dining options. The property's location within Lakeland provides easy access to the city's hub, approximately a 15-minute drive away. Lakeland's strategic location along I-4, approximately 35 miles east of Tampa and 55 miles southwest of Orlando, benefits from positive job growth and a lower cost of living compared to other I-4 corridor areas. The property's location within a 100-mile radius encompassing over 10 million people contributes to the area's exponential growth. While this listing focuses on the single 10,618 SF building (APN: 23-29-03-139563-000094), it's important to note that the property can be combined with the adjacent almost identical building at 4231 S. Pipkin Road to create a larger, two-building campus totaling approximately 21,236 square feet.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,265,000
- 6.5%
- $2,090,000
- 7%
- $1,940,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,510,000
Market price range: $620k - $1.79M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $2,655,000 Current use
- OFFICE BUILDING
- $3,055,000 Change: +15% Conversion: Easy
- COMMERCIAL (GENERAL)
- $2,790,000 Change: +5% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,675,000 Change: +1% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Lakeland
- County
- Polk
- State
- Florida
- Longitude
- -81.9972
- Latitude
- 27.9876
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN STATISTICAL AREA
