Technical
Financial
Distress signals
Property profile

541 S Florida Ave Lakeland, FL 33801

FOR SALE
Specialty properties
Property ID
US18-2640760
Built 1925
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The property is a historic religious landmark containing old-world religious artwork, intricately crafted stained-glass windows, a pipe organ, and pews. It comprises two buildings: Building 1 is a church facility totaling 14,300 square feet and is zoned C-2 by the City of Lakeland; Building 2 is configured as a fully functional medical clinic that supports outpatient procedures. The site includes paved parking areas of approximately 0.15 acres and 0.51 acres, with total land area of over 1.1 acres inclusive of both buildings and parking, and approximately 23,700 square feet of total roofed area across the two buildings, plus additional parking area of approximately 0.66 acres. The property is located within the Dixieland Community Redevelopment Area and sits on the main road in Lakeland with frontage that provides high visibility and vehicle traffic counts. The building and parking areas are in a historic district and landmark status, which may make the property eligible for grant-related programs. The site includes potential for air-rights development and offers potential lake views, and it has renovation needs while remaining adaptable for uses including its original religious purpose or alternative conversion to residential (apartments/condominiums) depending on zoning outcomes and approvals.

Property profile

Verified
Property type Specialty properties
Year built 1925
UPID US18-2640760

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
  • Physician
  • Physician
  • Physician
  • Medical Clinic

Location

541 S Florida Ave Lakeland, FL 33801
Lakeland metro
Google Maps

Value estimations

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

Owner & transaction history

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message