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Property profile & analytics
OFF-MARKET Estimated value $1,450,000
Medical Office Space

515 Gdn St Lakeland, FL 33805-4615

7,956 SF 0.72 ac lot Built 1978
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US18-3375524
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1978
Total area 7,956 SF
Lot 0.72 ac (31,455 SF)
Zoning code O-1
APN 242807171000012010
UPID US18-3375524
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
  • Ratnamani Lingamallu, MD Physician
  • Central Florida Ent Associates Physician
  • 515 East Garden Street Medical Clinic
  • Vicki Cornish, ARNP Registered General Nurse
  • Nichols Richard D MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.54M
Comparable Approach Comparable
$1.46M
Blend (final) Blend
$1.45M
Owner & transaction history
515 East Garden Street LLC · 1 yrs held
515 East Garden Street LLC
since 2025
Last sale
$1.4M
2 recorded transactions
2025
$1.4M
1969
Price N/A
Zoning & alternative use
O-1 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

) are permitted by right in the RB zoning districts and are Conditional Uses in the MF and O-1 zoning districts. Conditional Uses require Concept Plan review by the Development Review Committee (for more information click here .) Once Concept Plan is done, you will have to apply for a Conditional Use Permit (CUP), which requires a public hearing before the P…

Zone name Office
General category UNKNOWN
Zone area 392.11 ac
Top alternative use upside
Commercial (general) $2.1M +5.2%
Auto repair, garage $2.0M +0.7%
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