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Property profile & analytics
OFF-MARKET
Estimated value
$2,340,000
Warehouses
1019 Omohundro Ave Lakeland, FL 33805-3532
Trust Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2708885
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2007
Total area
32,910 SF
Lot
1.92 ac (83,722 SF)
Zoning code
C-2
APN
232812046500020100
UPID
US18-2708885
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.79M
Blend (final)
Blend
$2.34M
Owner & transaction history
English Robert F Living Trust · 18 yrs held
English Robert F Living Trust
since 2007
7 recorded transactions
Zoning & alternative use
C-2 · Lakeland, FL
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,415,000
Current use
Blend value · Realmo final
$2.34M
Range $2.11M – $2.57M · ±10%
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
$71 / 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
$27,716
Tax year 2023
Assessed value
$1,520,368
Assessed 2023
Previous assessed
$1,423,452
+6.8% YoY
Effective rate
1.82%
On assessed value
Assessed land
$92,103
Assessed improvement
$1,428,265
Land market value
$92,103
Improvement market value
$1,428,265
Total market value
$1,520,368
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Heating
NONE
Stories
1
Units
1
Total area
32,910 SF
Lot
1.92 ac (83,722 SF)
Zoning code
C-2
APN
232812046500020100
UPID
US18-2708885
Jurisdiction
POLK
Zoning & alternative use
C-2 · Lakeland, FL
Zoning C-2 · permitted uses
C-2 · Lakeland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakeland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.4M
WAREHOUSE, STORAGE Current
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
2007
Heating
NONE
Stories
1
Units
1
Lot
1.92 ac
Current owner
From public records · entity-resolved
English Robert F Living Trust
Trust
Mailing address
624 CRES HLS PL, LAKELAND, FL 33813-4671
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2023
—
Robert F English
—
Deed
related
$2,710,870 · Citizens Bank & Trust
Aug 19, 2022
—
Robert F English
—
Deed
related
$1,600,000 · Citizens Bank & Trust
Mar 20, 2018
—
Robert,f English Rev Living Trust
—
Deed
related
$936,077 · Citizens Bk
Oct 2, 2007
—
English Robert F Living Trust
City Of Lakeland Florida
Quit Claim Deed
related
—
Jul 17, 2007
—
Record Owner
City Of Lakeland
Grant Deed
related
—
May 31, 2007
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Apr 16, 2007
—
Record Owner
English Robert F Living T
Grant Deed
related
—
Jan 18, 2005
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Dec 28, 2001
$20,000
Robert F English
Dicesare,harriet
Grant Deed
—
—
—
English,robert F Trust
—
Deed Of Trust
related
$105,000 · Community Sthrn Bk
—
—
Robert,f English Rev Living Trust
—
Deed Of Trust
related
$152,619 · Citizens Fed'l Bk
—
—
Robert,f English Rev Living Trust
—
Deed Of Trust
related
$936,077 · Citizens Bk
—
—
English,robert F Trust
—
Deed Of Trust
related
$200,000 · Community Sthrn Bk
—
—
English Robert F Living Trust
—
Deed Of Trust
related
$1,160,000 · Community Southern Bank
—
—
English Robert F Living Trust
—
Deed Of Trust
related
$75,796 · Community Southern Bank
—
—
English Robert F Living Trust
—
Deed Of Trust
related
$427,998 · Community Southern Bank
—
—
English Robert F Living Trust
—
Deed Of Trust
related
$27,500 · Community Southern Bank
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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