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    4690 Exploration Ave Lakeland, FL 33812-4107

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    4690 Exploration Ave Lakeland, FL 33812-4107


    • Medical Office Space
    • 13,380 SF
    • 1.40 lot acres
    Off-Market
    Last Sale Aug 20, 2021
    $2,489,000
    Property ID
    US18-5221979
    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.

    Value Estimations
    $2,735,000
    Show details
    Cap Rate Potential
    5.8%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • Emily Spangler / Physician
    • Women's Care / Physician
    • Jeffrey Puretz / Physician
    • Shalini Golla / Physician
    • Pedro Alvarez / Physician

    Property Details for 4690 Exploration Ave

    Year built
    2009
    Lot size
    1.40 lot acres
    Property size
    13,380 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    242910280562000040
    APU
    242910280562000040

    Description

    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.


    Value 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
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,971,000
      Market price range: $2.46M - $5.48M
    • 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

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


    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.8915
    Latitude
    27.9809
    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
    $27,910
    $259,254
    $1,495,084
    $1,754,338
    -
    $259,254
    $1,495,084
    $1,754,338
    More about this property
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