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    For Sale (15)

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    Hyde Park Triplex Income Property
    $1,399,000
    2,900 SF

    Hyde Park Triplex Income Property

    Historic Hyde Park triplex near Soho dining and entertainment district.

    1919 North A St, Tampa, FL 33606
    View details
    Residential Lot in Gated Community
    $214,900
    0.26 Acres

    Residential Lot in Gated Community

    Residential lot in Waters Edge, a premier gated community.

    3334 Shore Dr, Lakeland, FL 33812
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    Highway Frontage Land in Lakeland
    $599,000
    14.18 Acres

    Highway Frontage Land in Lakeland

    14-acre parcel with highway frontage in rapidly growing area.

    9232 Us Highway 98 N, Lakeland, FL 33809
    View details
    Vacant Land in Lakeland, Florida
    $120,000
    4.29 Acres

    Vacant Land in Lakeland, Florida

    4.29 acres of vacant land ready for your vision.

    502 Wildlife Trl, Lakeland, FL 33809
    View details
    Vacant Land Parcel in Lakeland
    $150,000
    2.82 Acres

    Vacant Land Parcel in Lakeland

    2.82 acre vacant land parcel in North Lakeland, Florida.

    Ranchland Dr, Lakeland, FL 33809
    View details
    Lakeland Mixed-Use Property For Sale
    $365,000
    2,221 SF

    Lakeland Mixed-Use Property For Sale

    Multi-use property in Lakeland, Florida, suitable for various business needs.

    618 W 5Th St, Lakeland, FL 33805
    View details
    Residential Land Near I-4 Corridor
    $1,200,000
    17.08 Acres

    Residential Land Near I-4 Corridor

    17+ acres of buildable residential land in Polk City, Florida.

    Old Polk City Rd, Polk City, FL 33868
    View details
    Lakeland Duplex on Oversized Lot
    $299,900
    2,515 SF

    Lakeland Duplex on Oversized Lot

    Investment opportunity: two homes on one large lot.

    3221 Crutchfield Rd, Lakeland, FL 33805
    View details
    Residential Lot in Lakeland, FL
    $59,900
    0.22 Acres

    Residential Lot in Lakeland, FL

    Residential lot available for sale in Lakeland, Florida.

    3148 Oakpark Dr, Lakeland, FL 33803
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    Residential Lot in Lakeland, Florida
    $59,900
    0.39 Acres

    Residential Lot in Lakeland, Florida

    Residential lot available for new home construction in Lakeland.

    3194 Oakpark Dr, Lakeland, FL 33803
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    Residential Lot in Lakeland, FL
    $59,900
    0.23 Acres

    Residential Lot in Lakeland, FL

    Residential lot available for sale in Lakeland, Florida.

    3152 Oakpark Dr, Lakeland, FL 33803
    View details
    Duplex - LAKELAND, FL
    $325,000
    2,012 SF

    Duplex - LAKELAND, FL

    Duplexes • 2,012 SF

    2253 Golfview St, Lakeland, FL 33801
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    Residential Lot in Golf Community
    Contact for pricing
    0.50 Acres

    Residential Lot in Golf Community

    0.5-acre lot in Indian Lake Estates, Florida.

    Oleander Dr, Indian Lake Estates, FL 33855
    View details
    Residential Land in Peaceful Community
    Contact for pricing
    0.50 Acres

    Residential Land in Peaceful Community

    0.50-acre lot in Indian Lake Estates, Central Florida.

    Allamanda Dr, Indian Lake Estates, FL 33855
    View details
    Versatile Multi-Use Office Building
    $315,000
    2,039 SF

    Versatile Multi-Use Office Building

    Adaptable office building near downtown, suitable for various business needs.

    1329 E Main St, Lakeland, FL 33801
    View details

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    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
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