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    Smart Realty of Polk Inc dba Keller Williams Realty

    218 E Pine St, Lakeland, FL 33801
    (863) 577-1234
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    • Residential Multi Family

    Listings

    For Sale (52)

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    Lakeland Duplex with Recent Updates
    $399,000
    2,038 SF

    Lakeland Duplex with Recent Updates

    Two-story duplex in Lakeland's Midtown, updated in 2021.

    1128 Stella Ave N, Lakeland, FL 33805
    View details
    Winter Haven Commercial Office Building
    $278,111
    1,320 SF

    Winter Haven Commercial Office Building

    1,320 sq ft commercial office building in Winter Haven.

    524 1St St S, Winter Haven, FL 33880
    View details
    Land in Mulberry, Florida
    Contact for pricing
    0.20 Acres

    Land in Mulberry, Florida

    0.20 acre lot in Mulberry, close to shopping and entertainment.

    Arnaz Dr, Mulberry, FL 33860
    View details
    Waterfront Lot Ready to Build
    $99,900
    0.22 Acres

    Waterfront Lot Ready to Build

    Waterfront lot on canal connecting to Lake June.

    1102 Sycamore St, Lake Placid, FL 33852
    View details
    Waterfront Lot in Tesoro Club
    $175,550
    0.24 Acres

    Waterfront Lot in Tesoro Club

    Waterfront lot in gated golf community with optional memberships.

    109 SE Rio Siena, Port Saint Lucie, FL 34984
    View details
    Polk City Vacant Land Opportunity
    $100,000
    10.01 Acres

    Polk City Vacant Land Opportunity

    10-acre residential land parcel in Polk City, Florida.

    Grn Pond Rd, Polk City, FL 33868
    View details
    Polk City Vacant Land Opportunity
    $100,000
    10.02 Acres

    Polk City Vacant Land Opportunity

    10-acre residential land parcel in Polk City, Florida.

    00 Grn Pond Rd, Polk City, FL 33868
    View details
    Vacant Land Near Lake Clinch
    $214,000
    6.05 Acres

    Vacant Land Near Lake Clinch

    13 acres of vacant land near Lake Clinch.

    1405 Fazzini Dr, Frostproof, FL 33843
    View details
    Cleared Residential Lot Ready to Build
    $174,900
    0.54 Acres

    Cleared Residential Lot Ready to Build

    Cleared, fenced, half-acre residential lot ready for immediate permitting.

    Flowers Ave, Orlando, FL 32825
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    Land in Mulberry, Florida
    Contact for pricing
    0.26 Acres

    Land in Mulberry, Florida

    0.26 acre lot with pond view in Mulberry, Florida.

    Arnaz Dr, Mulberry, FL 33860
    View details
    Land in Mulberry, Florida
    Contact for pricing
    0.23 Acres

    Land in Mulberry, Florida

    0.23 acre lot in Mulberry, close to US HWY 60.

    Arnaz Dr, Mulberry, FL 33860
    View details
    Land in Mulberry, Florida
    Contact for pricing
    0.23 Acres

    Land in Mulberry, Florida

    0.23 acre lot in Mulberry, close to shopping and entertainment.

    Arnaz Dr, Mulberry, FL 33860
    View details
    Arnaz Road Land in Mulberry
    Contact for pricing
    0.20 Acres

    Arnaz Road Land in Mulberry

    0.20 acre lot in Mulberry, Florida, near US HWY 60.

    Arnaz Dr, Mulberry, FL 33860
    View details
    Land with Pond View
    Contact for pricing
    0.26 Acres

    Land with Pond View

    0.26 acre lot in Mulberry, FL with pond view.

    Arnaz Dr, Mulberry, FL 33860
    View details
    16 Acres Development Opportunity, Florida
    $729,000
    16.00 Acres

    16 Acres Development Opportunity, Florida

    16-acre residential development opportunity in high-growth Babson Park/Lake Wales area.

    Lewis Griffin Rd, Babson Park, FL 33827
    View details
    Waterfront Lot in Lake Placid
    $99,900
    0.22 Acres

    Waterfront Lot in Lake Placid

    Cleared waterfront lot connected to Lake June, ready to build.

    1100 Sycamore St, Lake Placid, FL 33852
    View details
    Income-Generating Multi-Unit Property
    $1,424,999
    5,908 SF

    Income-Generating Multi-Unit Property

    Rare multi-unit property on nearly 4 acres in Frostproof.

    701 Keen Rd, Frostproof, FL 33843
    View details
    Arnaz Road Land in Mulberry
    Contact for pricing
    0.29 Acres

    Arnaz Road Land in Mulberry

    0.29 acre lot in Mulberry, Florida near US HWY 60.

    Arnaz Dr, Mulberry, FL 33860
    View details
    Historic Lakeland Multifamily Investment Opportunity
    $1,390,000
    8,348 SF

    Historic Lakeland Multifamily Investment Opportunity

    Renovated 12-unit apartment building in Lake Morton Historic District.

    915 E Palmetto St, Lakeland, FL 33801
    View details
    Commercial Land in Polk City
    $79,500
    0.29 Acres

    Commercial Land in Polk City

    Commercial double lot with C-2 zoning in Polk City.

    1St St, Polk City, FL 33868
    View details
    Polk City Vacant Land Opportunity
    $125,000
    12.87 Acres

    Polk City Vacant Land Opportunity

    12-acre parcel in Polk City, Florida, zoned residential.

    000 Grn Pond Rd, Polk City, FL 33868
    View details
    Updated Building in Mulberry, FL
    $225,000
    0.51 Acres

    Updated Building in Mulberry, FL

    Updated 2,400 SF building on 0.51-acre lot, commercially zoned.

    5701 Mcduffie Ave, Mulberry, FL 33860
    View details
    Winter Haven Duplex For Sale
    $349,000
    2,350 SF

    Winter Haven Duplex For Sale

    Income-producing duplex in Winter Haven with long-term tenants.

    5649 Struthers Ct, Winter Haven, FL 33884
    View details
    Winter Haven Retail Storefront Opportunity
    $506,889
    2,300 SF

    Winter Haven Retail Storefront Opportunity

    2,300 sq ft retail space in active commercial corridor.

    632 1St St S, Winter Haven, FL 33880
    View details
    Prime Commercial Land on Hwy 17
    $2,100,000
    3.60 Acres

    Prime Commercial Land on Hwy 17

    3.6 acres of commercial land with high visibility on Hwy 17.

    100 Hwy 17 N, Winter Haven, FL 33880
    View details
    Cleared Corner Lot Ready to Build
    Contact for pricing
    0.29 Acres

    Cleared Corner Lot Ready to Build

    Oversized corner lot, build-ready, with multiple residential options.

    914 Harrell Ave, Frostproof, FL 33843
    View details
    Residential Lot in Palm Bay
    $45,000
    0.28 Acres

    Residential Lot in Palm Bay

    Buildable residential lot near schools and shopping in Palm Bay.

    1979 Sandia Rd SE, Palm Bay, FL 32909
    View details
    53 Acres of Prime Land
    $700,000
    53.30 Acres

    53 Acres of Prime Land

    Two leveled parcels near Hwy 17/98, ready for development.

    Old Bowling Green Rd, Fort Meade, FL 33841
    View details
    Pool Business on US 92
    $750,000
    1,200 SF

    Pool Business on US 92

    Pool business with frontage on US 92 in Winter Haven.

    2999 Us Highway 92, Winter Haven, FL 33881
    View details
    Lakeland Duplex with Tenant Occupancy
    $289,000
    1,788 SF

    Lakeland Duplex with Tenant Occupancy

    Two-unit duplex in Lakeland, fully occupied with long-term leases.

    3225 Crystal Hills Loop S, Lakeland, FL 33801
    View details
    Lakeland Duplex with Updated Unit
    $289,000
    1,652 SF

    Lakeland Duplex with Updated Unit

    Tenant-occupied duplex with updated unit near amenities and major roadways.

    1027 N Brunnell Pkwy, Lakeland, FL 33805
    View details
    Spacious Corner Lot in Lake Placid
    Contact for pricing
    0.52 Acres

    Spacious Corner Lot in Lake Placid

    Over half-acre corner lot, ideal for building a dream home.

    143 Patton Ave, Lake Placid, FL 33852
    View details
    20+ Acre Fort Meade Land
    $275,000
    20.09 Acres

    20+ Acre Fort Meade Land

    Undeveloped 20+ acre parcel in Fort Meade, Florida.

    E County Line Rd, Fort Meade, FL 33841
    View details
    Corner Parcel in Mulberry, Florida
    $450,000
    8.09 Acres

    Corner Parcel in Mulberry, Florida

    8.09-acre corner parcel ideal for custom homesite or investment.

    Coronet Rd, Mulberry, FL 33860
    View details
    Residential Lot in Palm Bay
    $40,000
    0.23 Acres

    Residential Lot in Palm Bay

    Buildable residential lot in a growing Palm Bay community.

    1450 Towton St SE, Palm Bay, FL 32909
    View details
    Emerald Palms Land Opportunity
    $100,000
    0.44 Acres

    Emerald Palms Land Opportunity

    Large lot in gated community near Winter Haven Chain of Lakes.

    4311 Emerald Palms Blvd, Winter Haven, FL 33884
    View details
    Lakeland Duplex with Tenant Occupancy
    $289,000
    1,652 SF

    Lakeland Duplex with Tenant Occupancy

    Two-unit duplex in Lakeland, fully occupied, updated unit.

    1039 N Brunnell Pkwy, Lakeland, FL 33805
    View details
    Residential Land in Port Charlotte
    $39,999
    0.46 Acres

    Residential Land in Port Charlotte

    Two adjacent residential single-family home sites in a growing area.

    23108 Olean Blvd, Port Charlotte, FL 33980
    View details
    Lakeland Land: Development Opportunity
    $55,000
    0.30 Acres

    Lakeland Land: Development Opportunity

    Two platted lots in Lakeland with multi-family zoning.

    916 Nashville Rd, Lakeland, FL 33815
    View details
    Vacant Lot in Palm Bay
    $45,000
    0.24 Acres

    Vacant Lot in Palm Bay

    Buildable residential lot in Palm Bay, no HOA.

    1977 Sandia Rd SE, Palm Bay, FL 32909
    View details
    Prime Development Land, Winter Haven
    $225,000
    1.36 Acres

    Prime Development Land, Winter Haven

    Development opportunity near Winter Haven, utilities available, annexation potential.

    Recker Hwy, Winter Haven, FL 33880
    View details
    Updated Duplex in Lakeland, FL
    $299,000
    1,820 SF

    Updated Duplex in Lakeland, FL

    Two-unit duplex with recent updates, ideal for investors/owner-occupants.

    2493 Chestnut Woods Dr, Lakeland, FL 33815
    View details
    Waterfront Land in 55+ Community
    Contact for pricing
    0.05 Acres

    Waterfront Land in 55+ Community

    Land in 55+ community with canal access and lake views.

    7066 Fairview Village Cir, Winter Haven, FL 33881
    View details
    Crystal River Retail Opportunity
    $1,300,000
    4,599 SF

    Crystal River Retail Opportunity

    Versatile retail building on US-19 in Crystal River, Florida.

    4314 N Suncoast Blvd, Crystal River, FL 34428
    View details
    Income-Producing Duplex in St. Petersburg
    $345,000
    2,046 SF

    Income-Producing Duplex in St. Petersburg

    Tenant-occupied duplex with strong cash flow potential in St. Petersburg.

    875 19Th Ave S, St Petersburg, FL 33705
    View details
    Wildwood Land with Road Frontage
    $1,200,000
    3.82 Acres

    Wildwood Land with Road Frontage

    3.82 acres in Wildwood, FL with 835+ ft frontage.

    S Old Wire Rd, Wildwood, FL 34785
    View details
    Lakeland Multifamily Investment Opportunity
    Contact for pricing
    8,348 SF

    Lakeland Multifamily Investment Opportunity

    Renovated 12-unit apartment building in Lake Morton Historic District.

    915 E Palmetto St, Lakeland, FL 33801
    View details
    Commercial Building on US-19
    $850,000

    Commercial Building on US-19

    Commercial building with flexible space and ample parking on US-19.

    4314 N Suncoast Blvd, Crystal River, FL 34428
    View details
    Prime Retail Storefront in Winter Haven
    $526,889

    Prime Retail Storefront in Winter Haven

    High-visibility retail/office space in Winter Haven's commercial corridor.

    632 1St St S, Winter Haven, FL 33880
    View details
    Winter Haven Commercial Office Building
    $298,111
    1,320 SF

    Winter Haven Commercial Office Building

    1,320 sq ft commercial office in Winter Haven.

    524 1St St S, Winter Haven, FL 33880
    View details
    Pool Business on US 92
    $750,000

    Pool Business on US 92

    Pool business with frontage on US 92 in Winter Haven.

    2999 Us Highway 92, Winter Haven, FL 33881
    View details
    Waterfront Land Ready for Building
    $99,900

    Waterfront Land Ready for Building

    Waterfront lot on canal connecting to Lake June.

    1100 Sycamore St, Lake Placid, FL 33852
    View details

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    Smart Realty of Polk Inc dba Keller Williams Realty
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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
    Smart Realty of Polk Inc dba Keller Williams Realty
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