Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    815 Creative Dr Lakeland, FL 33813-2506

    • Warehouses
    • 5,000 SF
    • 0.68 lot acres
    OFF-MARKET
    Last Sale
    Mar 08, 2022
    Value Estimations
    $370,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3254404
    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

    • A To Z Rental Center / Lawn Equipment Rental Service / Stage

    Property Details for 815 Creative Dr

    Year built
    2000
    Lot size
    0.68 lot acres
    Property size
    5,000 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    232913000000034040
    APU
    232913000000034040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $423,000
      Market price range: $342k - $804k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $520,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.9696
    Latitude
    27.9636
    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
    $3,414
    $64,072
    $181,357
    $245,429
    -
    $64,072
    $181,357
    $245,429

    Comparable in this City

    • Value Estimation
      $200,000
      9,736 SF

      611 Schoolhouse Rd

      MINI-WAREHOUSE, STORAGE • 9,736 SF
      611 Schoolhouse Rd, Lakeland, FL 33813-2588
      View Details
    • Value Estimation
      $1,980,000
      6,408 SF

      3909 Florida Ave

      MINI-WAREHOUSE, STORAGE • 6,408 SF
      3909 Florida Ave, Lakeland, FL 33813-1115
      View Details
    • Value Estimation
      $335,000
      10,166 SF

      765 Creative Dr

      MINI-WAREHOUSE, STORAGE • 10,166 SF
      765 Creative Dr, Lakeland, FL 33813-2504
      View Details
    • Value Estimation
      $325,000
      12,000 SF

      519 Brannen Rd

      MINI-WAREHOUSE, STORAGE • 12,000 SF
      519 Brannen Rd, Lakeland, FL 33813
      View Details
    • Value Estimation by Request
      5,550 SF

      455 Commerce Dr

      MINI-WAREHOUSE, STORAGE • 5,550 SF
      455 Commerce Dr, Lakeland, FL 33813-2736
      View Details
    • Value Estimation by Request
      12,000 SF

      750 Creative Dr

      MINI-WAREHOUSE, STORAGE • 12,000 SF
      750 Creative Dr, Lakeland, FL 33813-4933
      View Details

    Similar Nearby for Sale

    • $1,050,000
      5,791 SF

      Warehouse with Office and Yard

      Warehouse with office space and laydown yard for sale.
      350 W Brannen Rd, Lakeland, FL 33813
      View Details
    • $4,950,000
      11.82 Acres

      Lakeland Commercial Land Investment

      Prime 11.82-acre development site
      5955 Florida Ave, Lakeland, FL 33813
      View Details
    • $550,000
      1.30 Acres

      Lakeland Commercial Land - $550K

      1.3-acre commercial lot, prime Lakeland location.
      4504 County Road 540A, Lakeland, FL 33813
      View Details
    • $3,500,000
      5,901 SF

      Lakeland Restaurant Building For Sale

      Second-generation, renovated restaurant building for sale in Lakeland, Florida.
      5125 S Florida Ave, Lakeland, FL 33813
      View Details
    • $199,900

      Lakeland Industrial Parcel For Sale

      Vacant industrial parcel near S Florida Avenue in Lakeland.
      Brannen Rd W, Lakeland, FL 33813
      View Details
    • $259,000
      0.41 Acres

      Residential Land in Golf Community

      0.41-acre lot in Eaglebrooke Golf & Country Club.
      Whisper Woods Dr, Lakeland, FL 33813
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      7,600 SF

      Lakeland Flex Space For Rent

      7,600 SF flex space with overhead doors and restrooms.
      865 Creative Dr, Lakeland, FL 33813
      View Details
    • $22 SF/Yr
      9,967 SF

      Lakeland Retail Center Investment

      Prime South Lakeland storefront spaces available.
      6595 Florida Ave, Lakeland, FL 33813
      View Details
    • $19 SF/Yr
      5,000 SF

      Lakeland Office Space Available

      Prime Lakeland office, ample parking.
      5151 Lakeland Dr, Lakeland, FL 33813
      View Details
    • $18 SF/Yr
      5,000 SF

      Lakeland Office Space Available

      Office space for lease in iconic Lakeland building.
      4715 S Florida Ave, Lakeland, FL 33813
      View Details
    • $33,000

      Lakeland Retail/Office Space Available

      Retail and office spaces for lease in Lakeland, Florida.
      3830 S Florida Ave, Lakeland, FL 33813
      View Details
    • $45 SF/Yr
      3,870 SF

      S Florida Ave Retail Opportunity

      Brand new, 3,870 SF retail/office building
      5216 Florida Ave, Lakeland, FL 33813
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    815 Creative Dr
    Lakeland, FL 33813-2506
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.