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LAKELAND SMALL-BAY INDUSTRIAL 520 Alicia Rd 14,400 SF 79% Leased Industrial Building Lakeland, FL 33801 $2,320,000 ($161.11/SF) 6.49% Cap Rate
Investment Highlights
- 14,400 SF Warehouse Facility | 100% Leased to 17 Tenants
- Built in 1985 | Concrete Block Construction | 0.54 Acre Lot
- Tight Submarket (3% Vacancy Rate)
- Unit Sizes Ranging Between 800 – 2,400 SF | Easy to Lease & Hedges Against Large Vacancies | All Non-Climate Controlled Units
- Property Manager on Site – See Agent for Details
- 5-Mile Demos: 155,000 Population & $74,000 Average Household Income
Executive Summary
The property is a 14,400 SF Warehouse facility that is 100% Leased to 17 Tenants.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,320,000 | Lot Size | 0.54 AC |
| Price Per SF | $161.11 | Rentable Building Area | 14,400 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.49% | Year Built | 1985 |
| Property Type | Industrial | Parking Ratio | 0.69/1,000 SF |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 22 |
| Building Class | C | ||
| Zoning | I-1 - Light Industrial | ||
| Price | $2,320,000 |
| Price Per SF | $161.11 |
| Sale Type | Investment |
| Cap Rate | 6.49% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.54 AC |
| Rentable Building Area | 14,400 SF |
| No. Stories | 1 |
| Year Built | 1985 |
| Parking Ratio | 0.69/1,000 SF |
| No. Drive In / Grade-Level Doors | 22 |
| Zoning | I-1 - Light Industrial |
Amenities
- 24 Hour Access
- Fenced Lot
- Front Loading
- Property Manager on Site
- Security System
- Storage Space
Utilities
- Water - City
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Near I-4 Ideal for Car Dealers Light Industrial Storage Space Available. Modified Gross Lease
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 500-3,000 SF | Industrial | Full Build-Out | Now |
1st Floor
| Size |
| 500-3,000 SF |
| Space Use |
| Industrial |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 500-3,000 SF |
| Space Use | Industrial |
| Build-Out | Full Build-Out |
| Available | Now |
Near I-4 Ideal for Car Dealers Light Industrial Storage Space Available. Modified Gross Lease
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 24-28-17-191500-000012 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $427,415 (2025) |
Property Taxes
Parcel Number
24-28-17-191500-000012
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$427,415 (2025)
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
