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Property profile & analytics
OFF-MARKET
Estimated value
$11,910,000
Office buildings
2735 Providence Rd Lakeland, FL 33805-2333
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-7779074
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Total area
56,140 SF
Lot
26.92 ac (1,172,679 SF)
APN
232801000000032060
UPID
US18-7779074
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.39M
CAP Approach
CAP
$11.32M
Comparable Approach
Comparable
$12.53M
Blend (final)
Blend
$11.91M
Owner & transaction history
Doherty Holdings Thirty Fourth LLC · 4 yrs held
Doherty Holdings Thirty Fourth LLC
since 2022
Last sale
$11.9M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.5M
+10.7%
Auto repair, garage
$13.9M
+6.0%
Medical building
$13.8M
+5.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lakeland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakeland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$15,440,000
ML approach
$10,390,000
CAP Approach
CAP Return
Estimation
6%
$12,260,000
6.5%
$11,320,000
7%
$10,510,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$13,105,000
Current use
COMMERCIAL (GENERAL)
$14,505,000
Change: +11% · Conversion: Easy
AUTO REPAIR, GARAGE
$13,890,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$13,790,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$11.91M
Range $10.72M – $13.10M · ±10% · vs last sale $11.90M (Jun 20 2022)
Last sale anchor
$11.90M
Jun 20 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$212 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$156,401
Tax year 2023
Assessed value
$8,579,404
Assessed 2023
Previous assessed
$9,226,439
-7.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$1,445,337
Assessed improvement
$7,134,067
Land market value
$1,445,337
Improvement market value
$7,134,067
Total market value
$8,579,404
Applied tax rate
91,510.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Heating
NONE
Buildings
3
Stories
3
Units
1
Bathrooms
1
Total area
56,140 SF
Lot
26.92 ac (1,172,679 SF)
APN
232801000000032060
UPID
US18-7779074
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$13.1M
COMMERCIAL (GENERAL)
Est. value
$14.5M
AUTO REPAIR, GARAGE
Est. value
$13.9M
MEDICAL BUILDING
Est. value
$13.8M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Heating
NONE
Stories
3
Buildings
3
Units
1
Bathrooms
1
Lot
26.92 ac
Current owner
From public records · entity-resolved
Doherty Holdings Thirty Fourth LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2925 MALL HL DR, LAKELAND, FL 33810-6716
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2022
$11,900,000
Doherty Holdings Thirty Fourth LLC
G Rach Fields LLC
Special Warranty Deed
—
Jun 20, 2022
—
Doherty Holdings Thirty Fourth LLC
G Rack Fields LLC
Intrafamily Transfer
related
—
Jun 13, 2018
$8,600,000
G Rack Fields LLC
Natmi Natl Truck Terminals II
Trustees Deed
$5,250,000 · Fairwinds Cu
May 27, 2011
$3,275,758
Natmi Natl Truck Terminals II
Fedex Freight INC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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