0 3Rd St Polk City, FL 33868
This exceptional 0.14-acre lot in Polk City, Florida (APN: 25-26-32-296000-005040), presents a unique investment opportunity. Zoned R-4 Mixed Residential, this property allows for a variety of uses, including single-family homes, duplexes, apartments, townhouses, and condominiums. The 6,251 square foot lot is ideally situated for multifamily development, offering convenient access to I-4 and the Polk Parkway, placing it strategically between Tampa and Orlando. The property boasts a high and dry location, eliminating flood zone concerns. Development plans must adhere to specified setbacks: 30 feet front, 15 feet left (due to a 15-foot county drainage easement), 10 feet right, and 20 feet rear. Note that the drainage easement on the left side of the property must remain unobstructed. Public water is available
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.