Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    299 2Nd St Mulberry, FL 33860

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    299 2Nd St Mulberry, FL 33860

    View on Map
    • Land
    • 1.84 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 299 2Nd St

    Lot size
    1.84 lot acres
    Property type
    Land

    Description

    This exceptional 1.84-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Mulberry, Florida. Strategically located at 299 NE 2nd St, this property boasts a highly desirable location directly across from Purcell Elementary School, ensuring high visibility and accessibility. The expansive lot size offers significant potential for a wide range of commercial developments, catering to diverse business needs. With its prime location and ample space, this property is ideally suited for businesses seeking a strong presence in a growing community. The address is 299 NE 2nd St, Mulberry, FL 33860, within Polk County. The property's coordinates are 27.89666045781341 latitude and -81.97188115460426 longitude. This is a blank canvas ready for your vision, offering a unique chance to establish a thriving enterprise in a vibrant and expanding area. The asking price for this exceptional commercial land is $478,500. Further details are available upon request. Don't miss this opportunity to secure a prime piece of commercial real estate in Mulberry, Florida.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mulberry
    County
    Polk
    State
    Florida
    Longitude
    -81.9719
    Latitude
    27.8967

    Comparable in this City

    • Value Estimation by Request

      Little Orange Ave

      Land
      0 Little Orange Ave, Bradley, FL 33860
      View Details
    • Value Estimation by Request
      0.51 Acres

      5701 Mcduffie Ave

      Land • 2,700 SF
      5701 Mcduffie Ave, Mulberry, FL 33860
      View Details
    • Value Estimation by Request
      26.00 Acres

      Prairie Mine Rd

      Land • 26.00 Acres
      0 Prairie Mine Rd, Mulberry, FL 33860
      View Details
    • Value Estimation by Request
      60.00 Acres

      Albritton Rd

      Farms • 60.00 Acres
      0 Albritton Rd, Lithia, FL 33860
      View Details
    • Value Estimation by Request

      610 Phosphate Blvd

      Land
      610 Phosphate Blvd, Mulberry, FL 33860
      View Details
    • Value Estimation by Request
      6.00 Acres

      2606 Cozart Rd

      Land • 6.00 Acres
      2606 Cozart Rd, Mulberry, FL 33860
      View Details

    Similar Nearby for Sale

    • 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
    • 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
    • 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
    • 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
    • Contact for pricing

      Commercial Land Near Elementary School

      1.84+/- acres of commercial land in Mulberry, Florida.
      299 NE 2Nd St, Mulberry, FL 33860
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mulberry Outparcels For Rent

      Outparcels available in Publix-anchored center at signalized intersection.
      2040 Shepherd Rd, Mulberry, FL 33860
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space on S Florida

      Retail space with frontage on S Florida Ave/SR 37.
      6751 N Church Ave, Mulberry, FL 33860
      View Details
    • $23,040
      840 SF

      Mulberry Retail Space For Rent

      Retail space available for lease in Mulberry, Florida.
      207 N Church Ave, Mulberry, FL 33860
      View Details
    • $19,440 /Mo

      Charming Office Suites in Mulberry

      Cottage-style office building with private suites for lease.
      207 N Church Ave, Mulberry, FL 33860
      View Details
    • $2,500 /Mo

      Prime Commercial Space in Mulberry

      Excellent commercial space for lease in a strategic location.
      701 E Canal St, Mulberry, FL 33860
      View Details
    • $2,500 /Mo

      Mulberry Commercial Space for Lease

      Prime commercial space in Mulberry, FL, ideal for various businesses.
      701 E Canal St, Mulberry, FL 33860
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    299 2Nd St
    Mulberry, FL 33860
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!