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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4755 Drane Field Rd Lakeland, FL 33811

    • Retail space
    • 10,000 SF
    • 1.26 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3885188
    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.

    Current Use by Public Records

    • Laser Focus Coaching / Business Management Consultant
    • Independent Brace / Medical Supply Store
    • Tru-Grit Coatings Epoxy Flooring / General Contractor / Renovation Specialist
    • Valhalla Resin Company / Hardware & Home Improvement / Building Supply
    • Domain Ave / Wedding Service

    Property Details for 4755 Drane Field Rd

    Year built
    2007
    Lot size
    1.26 lot acres
    Property size
    10,000 SF
    Property type
    Retail space
    APN
    232831000000022040
    APU
    232831000000022040

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,870,000
      6.5%
      $1,730,000
      7%
      $1,605,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,281,000
      Market price range: $970k - $2.96M
      AI Estimate
      $1,110,000
      Market price range: $421k - $1.48M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,860,000
      Current use
      OFFICE BUILDING
      $2,830,000
      Change: +52% Conversion: Easy
      COMMERCIAL (GENERAL)
      $2,585,000
      Change: +39% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,475,000
      Change: +33% Conversion: Difficult
      MEDICAL BUILDING
      $2,455,000
      Change: +32% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,835,000
      Change: -1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -82.0429
    Latitude
    27.997
    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
    $14,915
    $63,168
    $1,073,781
    $1,136,949
    -
    $63,168
    $1,073,781
    $1,136,949

    Comparable in this City

    • Value Estimation by Request
      1,488 SF

      6001 Old Hwy 37

      RETAIL STORES (PERSONAL SERVICES) • 1,488 SF
      6001 Old Hwy 37, Lakeland, FL 33811-2356
      View Details
    • Value Estimation
      $915,000
      5,740 SF

      2055 Shepherd Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,740 SF
      2055 Shepherd Rd, Lakeland, FL 33811-2106
      View Details
    • Value Estimation by Request
      8.00 Acres

      4210 County Line Rd

      Individual retail properties • 8.00 Acres
      4210 County Line Rd, Lakeland, FL 33811
      View Details
    • Value Estimation
      $1,400,000
      8,400 SF

      1090 Pipkin Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,400 SF
      1090 Pipkin Rd, Lakeland, FL 33811-1527
      View Details
    • Value Estimation
      $1,225,000
      10,570 SF

      3502 Dmg Dr Ste, Unit 102

      RETAIL STORES (PERSONAL SERVICES) • 10,570 SF
      3502 Dmg Dr Ste, Lakeland, FL 33811-1003
      View Details
    • Value Estimation by Request
      4,265 SF

      6955 Old Hwy 37

      RETAIL STORES (PERSONAL SERVICES) • 4,265 SF
      6955 Old Hwy 37, Lakeland, FL 33811-2363
      View Details

    Similar Nearby for Sale

    • $2,750,000
      3,600 SF

      Corner Gas Station Near Airport

      High-visibility gas station with easy highway access and fueling pumps.
      3730 Airport Rd, Lakeland, FL 33811
      View Details
    • $1,975,000
      3.35 Acres

      South Lakeland Retail-Office Land

      3.35 Acres, Prime Location, High Visibility
      0 Stoney Creek Blvd, Lakeland, FL 33811
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    • Contact for pricing
      182,985 SF

      Hamilton Logistics Center - Building 200

      Lakeland, FL Industrial Distribution Center
      4142 Hamilton Rd, Lakeland, FL 33811
      View Details
    • $195,000
      1.08 Acres

      Cleared Homesite in South Lakeland

      1.08-acre cleared homesite ready for construction in South Lakeland.
      4005 Timberwood Dr, Lakeland, FL 33811
      View Details
    • $2,500,000
      20.49 Acres

      Lakeland Land for Residential Development

      20.49 acres ideal for residential development in South Lakeland.
      Shepherd Rd, Lakeland, FL 33811
      View Details
    • $2,070,510
      10,618 SF

      Lakeland Medical Office Complex

      10,618 SF Medical Building, $2M+
      4231 Pipkin Rd, Lakeland, FL 33811
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      1,200 SF

      Retail Space in Publix Development

      Retail space available in new Publix development at County Line.
      5140 County Line Rd, Lakeland, FL 33811
      View Details
    • $1,050 /Mo
      788 SF

      Retail Space in Lakeland, FL

      Retail space available for rent in Lakeland, Florida.
      5405 Old Hwy 37, Lakeland, FL 33811
      View Details
    • Contact for pricing
      8,470 SF

      Lakeland Industrial Parking and Storage

      1.93 acre paved lot with 89 parking spaces.
      4760 Gateland Dr, Lakeland, FL 33811
      View Details
    • Contact for pricing
      18,000 SF

      Lakeland Industrial Space For Lease

      Industrial units available near Lakeland Linder International Airport.
      5101 Gateway Blvd, Lakeland, FL 33811
      View Details
    • $15 SF/Yr
      19,600 SF

      Versatile Flex/Industrial Spaces For Rent

      New flex/industrial spaces available near Lakeland Airport.
      2819 W Pipkin Rd, Lakeland, FL 33811
      View Details
    • Contact for pricing
      12,000 SF

      Under Construction Dock-High Warehouse

      84,000 SF warehouse with units from 6,000 SF.
      3904 Hamilton Rd, Lakeland, FL 33811
      View Details
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    4755 Drane Field Rd
    Lakeland, FL 33811
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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