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    6320 Us Hwy 98 Highland City, FL 33812

    • Specialty properties
    • 6,116 SF
    • 1.99 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 6320 Us Hwy 98

    Year built
    1979
    Lot size
    1.99 lot acres
    Property size
    6,116 SF
    Property type
    Specialty properties
    Property subtype
    Wedding venues

    Description

    This exceptional 6,116 square foot event venue in Lakeland, Florida, presents a unique investment opportunity. Located on US-98 S, near the intersection of 540A, this single-story, 1979-built property boasts high visibility and easy access. Renovated in 2004, the venue includes an expansive event hall, dedicated bridal and groom suites, four restrooms, and a large outdoor patio with a built-in bar, perfect for weddings, corporate events, and private parties. The 1.99-acre lot provides ample space and includes 23 parking spaces. Currently generating income from two flexible tenants—a church renting the facility on Sundays for $3,000 per month gross and a farm stand paying $765 per week gross—both leases are terminable with notice. The business name and operations of "Harmony Haven" are also available for purchase. The property's zoning is currently undefined

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Highland City
    County
    Polk
    State
    Florida
    Longitude
    -81.8695
    Latitude
    27.9508

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    6320 Us Hwy 98
    Highland City, FL 33812
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    Realmo Value Estimation

    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.

    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.

    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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