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741 N COMBEE ROAD
About This Property
Electric, Water, and Septic is available.
Located in the Heart of Lakeland!
Listed By
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2025 | Listed by COMMERCIAL REAL ESTATE PROF IN | $399,950 | |
| Listed by COMMERCIAL REAL ESTATE PROF IN | |||
| Mar 28, 2025 | Listed | $399,950 | |
| Listed | |||
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Explore the potential of multiple commercial uses of this 0.90 acre lot located within the Community Activity
Center (CAC) future land-use/zoning district. Situated just north of East Memorial Blvd (Hwy 92), this location offers a perfect opportunity to provide for the shopping needs of residents living in the surrounding community. This is just one of many suitable investment ventures for
this excellent location in the heart of Lakeland. Electricity, Water, and Septic available. NOTE: Buyers should
conduct thorough due diligence to ensure that the property meets your expectations and requirements.
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| Mar 8, 2022 | Sold | ||
| Sold | |||
| Jan 15, 2022 | Listed by BRIDGMON REALTY | $345,000 | |
| Listed by BRIDGMON REALTY | |||
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RARE FIND. THIS MULTI PURPOSE BUILDING HAS MANY OPTIONS FOR A BUYER WITH A VISION. 14 PLUS ROOMS (BEDROOMS) PLUS 3 KITCHEN AREAS, 4 CAR GARAGE AND INSIDE RACKETBALL COURT WITH VIEWING AREA. ALL ELECTRICAL AND PLUMBING HAS BEEN
STRIPPED AND MUCH OF THE SHEETROCK HAS BEEN DAMAGED. THE OUTSIDE BUILDING HAS TWO MEETING ROOMS AND 6 STALLS AND 6 SHOWERS.
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COMMERCIAL REAL ESTATE PROF IN
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# O6343121
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