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Property profile & analytics
OFF-MARKET
Estimated value
$216,745,000
Specialty properties
10000 Us Hwy 98th N Lakeland, FL 33809-8031
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-0217805
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1988
Total area
9,056 SF
Lot
131.04 ac (5,708,190 SF)
APN
232634000000012020
UPID
US18-0217805
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
Current use
Occupant on record · Public records
-
Cypress Lakes Village Retirement Community
-
Big Cypress Golf Club Golf Course
-
Blair Group Communities Construction Company General Contractor
-
Cypress Lakes Sales & Information Center Mobile Home Dealer
-
MIDFLORIDA Credit Union - Lakeland - Cypress Lakes ATM Branch Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$216.75M
Owner & transaction history
Cypress Lakes Venture IV LLC · 3 yrs held
Cypress Lakes Venture IV LLC
since 2022
Last sale
$206.5M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$237,250,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$216.75M
Range $195.07M – $238.42M · ±10% · vs last sale $206.49M (Oct 25 2022)
Last sale anchor
$206.49M
Oct 25 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
$23,934 / 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
$1,546,806
Tax year 2023
Assessed value
$102,373,888
Assessed 2023
Previous assessed
$86,641,506
+18.2% YoY
Effective rate
1.51%
On assessed value
Total market value
$102,373,888
Applied tax rate
90,000.0000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1988
Heating
NONE
Buildings
5
Stories
1
Units
1
Total area
9,056 SF
Lot
131.04 ac (5,708,190 SF)
APN
232634000000012020
UPID
US18-0217805
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
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Stories
1
Buildings
5
Units
1
Lot
131.04 ac
Current owner
From public records · entity-resolved
Cypress Lakes Venture IV LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2999 N 44TH ST STE #200, PHOENIX, AZ 85018-7248
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2022
$206,490,000
Cypress Lakes Venture IV LLC
Cypress Lakes Associates Ltd
Special Warranty Deed
—
Dec 6, 2011
—
Cypress Lakes Associates Ltd
—
Deed Of Trust
related
$39,500,000 · Northwestern Mutual Life Ins
Nov 13, 1998
$50,000
Cypress Lakes Utilities INC
Cypress Lakes Associates Ltd
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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