5119 Knights Sta Rd, Lakeland, FL 33810-5403
This exceptional 14.02± acre property in Lakeland, Florida, presents a unique investment opportunity. Currently operating as an active nursery, it boasts significant existing improvements, including a substantial 3,500 square foot metal building (50' x 70') featuring two 14' roll-up doors, 220-amp power, and complete plumbing. The building sits on a 6-inch concrete slab with a clear height of 15.9 feet. Additional structures include a 25' x 55' metal storage building, a 75' x 60' aluminum canopy (also on a 6-inch slab) with a 14' clear height and 15.9' peak height, and two expansive uncovered 6-inch concrete slabs measuring 115' x 260' and 115' x 75'. The property is fully fenced with an electric gate, ensuring security. Water resources are abundant with a 10-inch well equipped with a 100HP John Deere diesel pump and a 4-inch well featuring a 5HP submersible pump. Overhead irrigation is in place, supported by an approved water use permit (20636.001), with an average daily water usage of 9,600 gallons and a peak usage of 22,400 gallons. Conveniently located just four miles from the I-4 on-ramp and five miles from US Highway 98, this property offers easy access to major transportation arteries. The property also enjoys 150± feet of road frontage on Knights Station Road, providing direct access to Highway 301 and Tampa, bypassing heavier traffic routes. The Polk County property (APN: 23-28-06-000000-031030) is zoned A/RR and has a 2022 property tax assessment of $3,681.50. The soil type is predominantly Zolfo and Pomona fine sands. This versatile property is ideally suited for continued agricultural use or a variety of other potential developments.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
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