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Heritage Plaza

Off-Market

225 East Lemon Street, Lakeland, FL 33801

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  • Property Type Office - General Office
  • Property Size 40,000 Sqft
  • Lot Size 0.48 Acre
  • Parking Spaces Avail. 88
  • Parking Ratio 2.20/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 2001

Location

  • City Lakeland, FL
  • Neighborhood Downtown Lakeland
  • Zip Code 33801
  • Market Tampa St Petersburg Clearwater

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 01 Nov, 2016
  • Purchase Price $6,573,531
  • Arm's Length
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Lakeland

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Lakeland Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $19.20
  • 2020 Office Vacancy Rate 6.35%
  • 2020 Office Completions (Sqft) 33,000
View more Lakeland market trends

Tax

  • Property Tax in 2020 $113,556
  • Market Value $5,430,929
  • Assessed Value $5,430,929

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of Heritage Plaza?

Heritage Plaza totals 40,000 square feet.

When was this property built?

Heritage Plaza was built in 2001.

When was Heritage Plaza last sold?

Heritage Plaza was last sold on 01 Nov, 2016.

What was the last purchase price for Heritage Plaza?

Heritage Plaza was last sold for $6,573,531.

What is the property tax for Heritage Plaza?

The property tax for Heritage Plaza in 2020 was $113,556.

What is the market value for Heritage Plaza?

The market value for Heritage Plaza in 2020 was $5,430,929.

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