Technical
Financial
Distress signals
Property profile

5216 Florida Ave Lakeland, FL 33813

OFF-MARKET
Turn key restaurants
Property ID
US18-3018358
9,366 SF 1.41 ac lot Built 1986
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional, Class A, 3,870 square foot retail and office building, constructed in 2023, presents a unique investment opportunity. Located on S Florida Ave, the property boasts 175 feet of prime road frontage, ensuring high visibility and accessibility. The single building comprises 53 individual suites, offering flexibility for various tenants. A significant feature is the inclusion of a 1,400 square foot drive-thru Dunkin' Donuts, already secured. An additional 2,470 square feet of adjacent space is currently available for lease, ideal for retail or office use. Future development plans include a second free-standing building with 2,550 square feet of space. Ample parking is provided with 53 spaces and multiple convenient access points. The 1.41-acre lot provides ample space for expansion and maneuvering. This property is situated in a high-traffic area, offering excellent potential for strong returns. The building's modern design and prime location make it an attractive option for a variety of businesses. The property's multiple suites and ample parking cater to a diverse range of tenants, maximizing rental income potential. This is a rare opportunity to acquire a brand-new, high-quality commercial property in a thriving location.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1986
Total area 9,366 SF
Lot 1.41 ac (61,550 SF)
APN 232912000000024200
UPID US18-3018358

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Roofing Company General Contractor

Location

5216 Florida Ave Lakeland, FL 33813-2516
Lakeland metro Census 11836 LAKELAND, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.30M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.30M

Owner & transaction history

since 2024
Last sale
$1.3M
5 recorded transactions
2024
Price N/A
2021
$1.3M
2020
Price N/A
2009
Price N/A
2008
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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