5151 S Lakeland Dr, Lakeland, FL 33813
- Office buildings
- 5,090 SF
- 0.16 lot acres
Current Use by Public Records
- ADM Group @ Tribute Realty, LLC / Real Estate Agency
- Guild Mortgage - Carey Cramer / Loan Service / Bank
- Essentials Spa of Lakeland / Alternative Medicine Practice / Spa & Massage Center
- Integrity Environmental Group / Construction Company
- Concierge Home Care / Home Health Care Service
Property Details for 5151 S Lakeland Dr
- Year built
- 2006
- Lot size
- 0.16 lot acres
- Property type
- Office buildings
- APN
- 232912140167000050
- APU
- 232912140167000050
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 8, 2025 | $834,400 | G W Foundation INC | Rhs Leasing LLC | Warranty Deed | — |
| Sep 8, 2025 | $815,700 | G W Foundation INC | Stallings Insurance Services INC | Warranty Deed | — |
| Oct 29, 2019 | — | Town Square LLC | — | Deed · related | $170k · Bank Of Ctrl Fl |
| Feb 16, 2017 | — | Rhs Leasing LLC | — | Deed · related | — |
| Jun 28, 2007 | — | Town Square LLC | Towne Sq II Phase Two Prop Own | Quit Claim Deed · related | — |
| Apr 24, 2006 | — | Town Square LLC | Towne Square LLC | Quit Claim Deed · related | $574k · Citrus & Chemical Bank |
| Nov 9, 2005 | $199,000 | Towne Square LLC | Larq Ents LLC | Warranty Deed | — |
| Dec 29, 2004 | $40,000 | Larq Ents LLC | Fletcher Marguerite A Trust | Warranty Deed | — |
| — | — | Town Square LLC | — | Deed Of Trust · related | $170k · Bank Of Ctrl Fl |
| — | — | Town Square LLC | — | Deed Of Trust · related | $50k · Citrus & Chemical Bank |
| — | — | Larq Ents LLC | — | Deed Of Trust · related | $375k · Citrus & Chemical Bank |
| — | — | Town Square LLC | — | Deed Of Trust · related | $615k · Community Southern Bank |
Description
This single-story, 5,000 square foot office building in Lakeland, Florida, offers a fantastic opportunity for businesses seeking a strategic location. Built in 1989, this Class C property features three suites, with one 2,500 square foot suite currently available for lease. The building is situated on a 0.03-acre lot at 5151 S Lakeland Dr, Lakeland, FL 33813, in Polk County (APN: 232912140167000020). Its location near South Florida Avenue, a major thoroughfare with approximately 41,000 cars passing daily, ensures high visibility and accessibility for clients. The property boasts ample parking, including spaces directly in front of the building and in an adjacent lot. The building is suitable for traditional or creative office uses and provides convenient access for businesses seeking minimal foot traffic. Utilities are available. This is an exceptional opportunity to establish or expand your business in a high-traffic area with excellent visibility and ample parking.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,110,000
- 6.5%
- $1,025,000
- 7%
- $955,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,109,000
- AI Estimate
- $1,097,000
Market price range: $454k - $1.19MMarket price range: $367k - $1.35M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $840,000 Current use
- COMMERCIAL (GENERAL)
- $1,315,000 Change: +57% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,260,000 Change: +50% Conversion: Difficult
- MEDICAL BUILDING
- $1,250,000 Change: +49% Conversion: Easy
- RETAIL STORES
- $945,000 Change: +13% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $935,000 Change: +11% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lakeland
- County
- Polk
- State
- Florida
- Longitude
- -81.9638
- Latitude
- 27.9725
- CBSA code
- 29460
- CBSA name
- LAKELAND, FL METROPOLITAN STATISTICAL AREA
