Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1019 Omohundro Ave Lakeland, FL 33805-3532
    Back to Search
    Property profile & analytics

    1019 Omohundro Ave, Lakeland, FL 33805-3532

    View on Map
    • Warehouses
    • 32,910 SF
    • 1.92 lot acres
    Off-Market
    Property ID
    US18-2708885
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,340,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1019 Omohundro Ave

    Year built
    2007
    Lot size
    1.92 lot acres
    Zone code
    C-2
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    232812046500020100
    APU
    232812046500020100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 27, 2023 — Robert F English — Deed · related $2.7M · Citizens Bank & Trust
    Aug 19, 2022 — Robert F English — Deed · related $1.6M · Citizens Bank & Trust
    Mar 20, 2018 — Robert,f English Rev Living Trust — Deed · related $936k · 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 $105k · Community Sthrn Bk
    — — Robert,f English Rev Living Trust — Deed Of Trust · related $153k · Citizens Fed'l Bk
    — — Robert,f English Rev Living Trust — Deed Of Trust · related $936k · Citizens Bk
    — — English,robert F Trust — Deed Of Trust · related $200k · Community Sthrn Bk
    — — English Robert F Living Trust — Deed Of Trust · related $1.2M · Community Southern Bank
    — — English Robert F Living Trust — Deed Of Trust · related $76k · Community Southern Bank
    — — English Robert F Living Trust — Deed Of Trust · related $428k · Community Southern Bank
    — — English Robert F Living Trust — Deed Of Trust · related $28k · Community Southern Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,785,000
      Market price range: $2.25M - $5.29M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,415,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.9703
    Latitude
    28.0556
    CBSA code
    29460
    CBSA name
    LAKELAND, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $27,716
    $92,103
    $1,428,265
    $1,520,368
    -
    $92,103
    $1,428,265
    $1,520,368

    Comparable in this City

    • Value Estimation
      $1,670,000
      18,630 SF

      1122 5th St

      MINI-WAREHOUSE, STORAGE
      1122 5th St, Lakeland, FL 33805-3525
      View Details
    • Value Estimation
      $4,095,000
      42,983 SF

      2930 Us Hwy 98th N

      MINI-WAREHOUSE, STORAGE
      2930 Us Hwy 98th N, Lakeland, FL 33805-2406
      View Details
    • Value Estimation
      $3,860,000
      80,000 SF

      4740 Lakeland Commerce Pkwy

      MINI-WAREHOUSE, STORAGE
      4740 Lakeland Commerce Pkwy, Lakeland, FL 33805-7647
      View Details
    • Value Estimation
      $1,020,000
      10,296 SF

      2306 Old Combee Rd Ste, Unit 101

      MINI-WAREHOUSE, STORAGE
      2306 Old Combee Rd Ste, Lakeland, FL 33805-7677
      View Details
    • Value Estimation by Request
      5,400 SF

      1010 Webster Ave

      MINI-WAREHOUSE, STORAGE
      1010 Webster Ave, Lakeland, FL 33805-3543
      View Details
    • Value Estimation
      $540,000
      3,840 SF

      2301 Lakeland Hls Blvd

      MINI-WAREHOUSE, STORAGE
      2301 Lakeland Hls Blvd, Lakeland, FL 33805-2909
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Warehouse with Dock High

      Industrial warehouse featuring dock high and 22’ clear height.
      2560 Old Combee Rd, Lakeland, FL 33805
      View Details
    • Contact for pricing

      Lakeland Dock-High Warehouse For Sale

      75,000 SF dock-high warehouse near I-4 and FL-33.
      4740 E Lakeland Commerce Pkwy, Lakeland, FL 33805
      View Details
    • Contact for pricing

      Lakeland Warehouse with Dock High

      Warehouse units with dock high, 24’ clear height, and ESFR.
      4040 N Combee Rd, Lakeland, FL 33805
      View Details
    • Contact for pricing

      Lakeland Warehouse with Dock High

      Warehouse space featuring dock high doors and overhead sprinkler system.
      4725 E Lakeland Commerce Pkwy, Lakeland, FL 33805
      View Details
    • Contact for pricing

      Lakeland Dock-High Warehouse for Sale

      129,480 SF dock-high warehouse near I-4 and FL-33.
      4000 N Combee Rd, Lakeland, FL 33805
      View Details
    • Contact for pricing

      Paved Industrial Truck Parking Lot

      1.93-acre paved lot with 89 spaces near I-4.
      4740 Gateland Dr - Parking, Lakeland, FL 33805
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,800 SF

      Lakeland Warehouse Space Available

      Warehouse space with dock high access and sprinkler system.
      4725 E Lakeland Commerce Pkwy, Lakeland, FL 33805
      View Details
    • Contact for pricing
      10,920 SF

      Lakeland Dock High Warehouse Space

      Dock high warehouse space for lease in Lakeland, Florida.
      4040 N Combee Rd, Lakeland, FL 33805
      View Details
    • Contact for pricing
      12,000 SF

      Lakeland Warehouse with Dock Doors

      24,000 SF warehouse with convenient highway access.
      2560 Old Combee Rd, Lakeland, FL 33805
      View Details
    • Contact for pricing

      Lakeland Warehouse and Office Space

      Available warehouse and office space in Lakeland, Florida.
      6870 Firstpark Blvd, Lakeland, FL 33805
      View Details
    • $12 SF/Yr

      Industrial Warehouse Suite with Grade Doors

      Warehouse space with two grade-level roll-up doors and approximately 20% air-conditioned office for light industrial needs.
      2352 Old Combee Rd, Lakeland, FL 33805
      View Details
    • Contact for pricing
      18,000 SF

      Lakeland Warehouse Space Available

      Dock-high warehouse space for lease in Lakeland, Florida.
      4740 Lakeland Commerce Pkwy, Lakeland, FL 33805
      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.
    1019 Omohundro Ave
    Lakeland, FL 33805-3532
    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

    Thank You for Inquiry
    1019 Omohundro Ave, Lakeland, FL, 33805
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!