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Property profile & analytics
OFF-MARKET Estimated value $1,120,000
Grocery and convenience stores

5383 Florida Ave Lakeland, FL 33813-4912

6,100 SF 0.92 ac lot Built 1980
Entity Owned 18-yr Hold Free & Clear
Property ID
US18-2857955
Property summary
AI-generated overview

This exceptional retail investment opportunity presents a 6,380 square foot Citgo gas station situated on a 0.92-acre lot at 5383 S Florida Avenue in Lakeland, Florida. The property enjoys a highly desirable location at the northwest corner of Highway 37 South (South Florida Avenue) and School House Road, offering unparalleled visibility and accessibility. Currently operating under a short-term lease, this property presents a unique chance for investors seeking a strong return. Its strategic placement directly across from a Wawa convenience store ensures consistent high traffic flow and customer exposure. The substantial lot size provides ample space for potential expansion or redevelopment, catering to a variety of future commercial uses. The property's prime location and existing infrastructure make it an attractive proposition for savvy investors looking to capitalize on a thriving retail market. The asking price is $1,600,000. Please note that direct communication with the current tenant is strictly prohibited. All inquiries should be directed through the appropriate channels. This is a rare opportunity to acquire a well-positioned retail property in a rapidly growing area.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1980
Total area 6,100 SF
Lot 0.92 ac (40,001 SF)
APN 232912000000024100
UPID US18-2857955
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.22M
Comparable Approach Comparable
$783k
Blend (final) Blend
$1.12M
Owner & transaction history
Land Of Rabbit LLC · 18 yrs held
Land Of Rabbit LLC
since 2008
2 recorded transactions
2026
Price N/A
2008
$1.2M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.6M +41.0%
Auto repair, garage $1.5M +35.0%
Medical building $1.5M +34.0%
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