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    5140 County Line Rd Lakeland, FL 33811

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    5140 County Line Rd Lakeland, FL 33811

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    • Grocery and convenience stores
    • 53,515 SF
    • 9.61 lot acres
    For Lease
    $32 SF/Yr
    View Listing →
    Retail Space in Publix Development 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
    View Listing
    Property ID
    US18-8257401
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Blue Rhino Propane Exchange / Propane Supplier
    • Primo Water Refill / Big Box & Wholesale Store
    • Brooks Dumpster Rental / Waste Management Facility
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Publix Pharmacy on County Line / Pharmacy

    Property Details for 5140 County Line Rd

    Year built
    2021
    Lot size
    9.61 lot acres
    Property size
    53,515 SF
    Property type
    Grocery and convenience stores
    APN
    232907139851000070
    APU
    232907139851000070

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,063,000
      Market price range: $5.19M - $15.8M
      AI Estimate
      $5,384,000
      Market price range: $2.25M - $7.90M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $9,955,000
      Current use
      AUTO REPAIR, GARAGE
      $13,240,000
      Change: +33% Conversion: Difficult
      MEDICAL BUILDING
      $13,145,000
      Change: +32% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $9,810,000
      Change: -1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -82.0544
    Latitude
    27.9727
    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
    $100,518
    $0.00
    $0.00
    $5,513,929
    -
    $0.00
    $0.00
    $5,513,929

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      1825 Shepherd Rd

      CONVENIENCE STORE • 2,400 SF
      1825 Shepherd Rd, Lakeland, FL 33811-2181
      View Details
    • Value Estimation by Request
      3,360 SF

      6340 County Line Rd

      CONVENIENCE STORE • 3,360 SF
      6340 County Line Rd, Lakeland, FL 33811-1727
      View Details
    • Value Estimation
      $510,000
      3,384 SF

      1950 Drane Fld Rd

      CONVENIENCE STORE • 3,384 SF
      1950 Drane Fld Rd, Lakeland, FL 33811-1321
      View Details
    • Value Estimation by Request
      4.31 Acres

      3814 County Line Rd

      Individual retail properties • 4.31 Acres
      3814 County Line Rd, Lakeland, FL 33811
      View Details
    • Value Estimation by Request
      2,400 SF

      1170 Pipkin Rd

      CONVENIENCE STORE • 2,400 SF
      1170 Pipkin Rd, Lakeland, FL 33811-2972
      View Details
    • Value Estimation
      $605,000
      5,502 SF

      1155 Pipkin Rd

      CONVENIENCE STORE • 5,502 SF
      1155 Pipkin Rd, Lakeland, FL 33811-1541
      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
    • Contact for pricing

      Retail Site at Signalized Intersection

      3.35-acre corner retail site suitable for development.
      Stoney Creek Blvd, Lakeland, FL 33811
      View Details
    • $750,000
      8,591 SF

      Lakeland Assembly Building For Sale

      Income-producing property with development potential in Lakeland, Florida.
      4626 S Pipkin Rd, Lakeland, FL 33811
      View Details
    • $4,027,500
      Pending

      Prime Development Land For Sale

      26.85 acres of prime development property with extensive road frontage.
      2625 W Pipkin Rd, Lakeland, FL 33811
      View Details
    • $100,000
      0.25 Acres

      Quarter-Acre Homesite in Lakeland, FL

      Spacious lot in a desirable Central FL community.
      Parker Rd, Lakeland, FL 33811
      View Details
    • Contact for pricing
      10,618 SF

      Lakeland Medical Building For Sale

      Freestanding medical building with modern infrastructure and ample parking.
      4231 Pipkin Rd S, Lakeland, FL 33811
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    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
    • 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

      Lakeland Warehouse with Ample Trailer

      121,600 SF warehouse with trailer parking in Lakeland, FL.
      4040 Pipkin Rd S, Lakeland, FL 33811
      View Details
    • Contact for pricing
      213,713 SF

      Lakeland Distribution Center For Lease

      213,713 SF distribution center in Lakeland, Florida.
      4040 County Line Rd, Lakeland, FL 33811
      View Details
    • Contact for pricing

      Industrial Land For Lease

      1.3 acres, paved/rocked, fenced, lit, prime industrial location.
      4315 Drane Field Rd, Lakeland, FL 33811
      View Details

    Property Visit Statistics

    • Visits by month
      94.0k
    • Visitors by month
      45.6k
    • Avg Time on site
      23 min
    View Listing
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    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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