1862 S Crystal Lake Dr
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1862 S Crystal Lake Dr
4,338 SF 100% Leased Office Building Lakeland, FL 33801 $925,000 ($213/SF)
Investment Highlights
- Heavy traffic counts and visablility from busy US Hwy 98 S (Bartown Hwy)
- All offices are improved.
- Located in a business Park - Commercial Park
Executive Summary
Prime investment property zoned C-1 and most valuable for an owner/investment. Recently, all suites have been renovated. Some functional obsolescence can easily be modified. See Joe Lorio for advice on those improvements. The location is very close to the campus of SEU (Southeastern University)
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
4,338 SF
Building Class
B
Year Built
1969
Price
$925,000
Price Per SF
$213
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,338 SF
Building FAR
0.36
Lot Size
0.28 AC
Zoning
O-1 - Office District professional services like health spa and massage therapy
Parking
14 Spaces (3.23 Spaces per 1,000 SF Leased)
Amenities
- Kitchen
- Partitioned Offices
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 24-28-29-248150-000222 | Total Assessment | $227,592 (2023) |
| Land Assessment | $0 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
24-28-29-248150-000222
Land Assessment
$0 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$227,592 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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1862 S Crystal Lake Dr
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