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Property profile & analytics

6645 Florida Ave Lakeland, FL 33813

  • Retail space
  • 41,034 SF
  • 4.94 lot acres
For Lease
Last Sale
Dec 30, 2021
$5,750,000
Value Estimations
$5,815,000
Cap Rate Potential
7.6%
Retail space
Location Intelligence
Property ID
US18-3899873
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Florida Insurance Services Central Florida / Insurance Agency / Auto Insurance Agency
  • L.A. Gentlemen's Cuts / Barber Shop
  • Copy World / Pharmacy
  • Tailored Fit Massage / Massage Therapist
  • All Direction Movers / Mover

Property Details for 6645 Florida Ave

Year built
2006
Lot size
4.94 lot acres
Property size
41,034 SF
Property type
Retail space
APN
232923000000021090
APU
232923000000021090

Description

The Shoppes of Christina, a prime retail investment opportunity in Lakeland, Florida, presents a compelling proposition for discerning investors. This established neighborhood center comprises three single-story buildings totaling 36,314 square feet, situated on a 6.57-acre lot. Currently, there is 7,000 square feet of vacant space available, presenting a unique chance to expand existing businesses or attract new tenants. Built in 2006, the property boasts ample parking with approximately 311 spaces, ensuring convenient access for customers. Strategically located on South Florida Avenue, a major north/south thoroughfare, the center benefits from high visibility and significant traffic, averaging 35,500 vehicles daily. Its location within Lakeland's most affluent zip code, coupled with its proximity to a new multi-family development on Century Avenue, promises strong growth potential and a robust customer base. The property's three buildings create a cohesive commercial center, offering flexibility for a variety of retail uses. The parcel's APN numbers are 232923000000021090 and 232923000000021140, located in Polk County. This exceptional retail center offers a rare opportunity to acquire a well-positioned asset in a thriving market.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $6,050,000
    ML approach
    $6,780,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $7,680,000
    6.5%
    $7,090,000
    7%
    $6,585,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $5,708,000
    Market price range: $3.98M - $12.1M
  • Alternative Use

    Use
    Estimation
    RETAIL STORES
    $7,630,000
    Current use
    NEIGHBORHOOD: SHOPPING CENTER
    $7,520,000
    Change: -1% Conversion: Moderate
    OFFICE BUILDING
    $6,760,000
    Change: -11% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Lakeland
County
Polk
State
Florida
Longitude
-81.9742
Latitude
27.9441
CBSA code
29460
CBSA name
LAKELAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$62,817
$492,005
$2,781,098
$3,273,103
-
$492,005
$2,781,098
$3,273,103
More about this property
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