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Property profile & analytics
FOR LEASE
Medical Office Space
4690 Exploration Ave 4700 Lakeland, FL 33812
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5221979
For Lease
1 / 28
$2,735,000
4690 Exploration Ave,Unit 4700, Lakeland, FL 33812
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Property summary
AI-generated overview
This exceptional 3,500-square-foot office space is located at 4690 Exploration Ave, Suite #4700, Lakeland, FL 33812. Situated within a larger 12,752-square-foot single-story building, this traditional office suite offers a highly functional and versatile layout. The space boasts a dedicated sitting area, multiple private offices, and a prominent executive office with its own separate exterior entrance, providing enhanced privacy and accessibility. A large conference/training/meeting room is perfect for presentations or team gatherings. The main floor also includes fifteen individual cubicles, creating a productive work environment for a sizable team. Employee and visitor convenience is ensured with a well-equipped kitchen/break area and two restrooms. This single-tenant occupancy provides a unique opportunity for a business seeking a self-contained and efficient workspace in a desirable Lakeland location. The property's address is easily accessible and offers ample parking. This is an excellent opportunity for a company looking to establish or expand its presence in a thriving Florida market.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Total area
13,380 SF
Lot
1.4 ac (60,984 SF)
APN
242910280562000040
UPID
US18-5221979
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
-
Emily Spangler Physician
-
Women's Care Physician
-
Jeffrey Puretz Physician
-
Shalini Golla Physician
-
Pedro Alvarez Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.97M
CAP Approach
CAP
$2.59M
Comparable Approach
Comparable
$2.97M
Blend (final)
Blend
$2.74M
Owner & transaction history
Chander Holding LLC · 4 yrs held
Chander Holding LLC
since 2021
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.5M
+5.2%
Auto repair, garage
$3.3M
+0.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lakeland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakeland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,895,000
ML approach
$2,970,000
CAP Approach
CAP Return
Estimation
6%
$2,800,000
6.5%
$2,585,000
7%
$2,400,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,285,000
Current use
COMMERCIAL (GENERAL)
$3,455,000
Change: +5% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,310,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$3,125,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$2.74M
Range $2.46M – $3.01M · ±10% · vs last sale $2.49M (Aug 20 2021)
Last sale anchor
$2.49M
Aug 20 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$204 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$27,910
Tax year 2023
Assessed value
$1,754,338
Assessed 2023
Previous assessed
$1,700,746
+3.2% YoY
Effective rate
1.59%
On assessed value
Assessed land
$259,254
Assessed improvement
$1,495,084
Land market value
$259,254
Improvement market value
$1,495,084
Total market value
$1,754,338
Applied tax rate
90,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2009
Heating
NONE
Stories
1
Units
1
Total area
13,380 SF
Lot
1.4 ac (60,984 SF)
APN
242910280562000040
UPID
US18-5221979
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.1M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Heating
NONE
Stories
1
Units
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Chander Holding LLC
Entity
Mailing address
1814 LK ROBERTS CT, WINDERMERE, FL 34786-6116
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2021
$2,489,000
Chander Holding LLC
Jdcom Florida Realty Expn Drive LLC
Warranty Deed
$1,866,750 · One Florida Bank
Aug 10, 2021
—
Chander Holding LLC
Jdcom Florida Realty Expn Drive LLC
Warranty Deed
—
Sep 17, 2018
$1,925,000
Jdcom Florida Realty Explorati
Capesa Co LLC
Grant Deed
$1,443,750 · Wauchula St Bk
Apr 20, 2018
—
Capesa Co LLC
—
Deed
related
$548,413 · Regions Bk
Dec 30, 2004
$520,000
Capesa Co LLC
Highlands Enhancement INC
Warranty Deed
$390,000 · Amsouth Bank
—
—
Capesa Co LLC
—
Deed Of Trust
related
$1,752,561 · Amsouth Bank
—
—
Capesa Co LLC
—
Loan Modification
related
$548,413 · Regions Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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