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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Retail space
104 Commonwealth Ave N Ste 1 Polk City, FL 33868-9500
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4593487
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1977
Total area
3,592 SF
Lot
0.29 ac (12,502 SF)
Zoning code
C-2
APN
252633296500090010
UPID
US18-4593487
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
$590k
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$555k
Blend (final)
Blend
$545k
Owner & transaction history
United Holdings & Investments Group · 2 yrs held
United Holdings & Investments Group
since 2023
Last sale
$500,000
5 recorded transactions
Zoning & alternative use
C-2 · Polk City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$885,000
+58.7%
Auto repair, garage
$875,000
+56.7%
Neighborhood: shopping center
$660,000
+18.0%
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 Polk City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Polk City 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
$520,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$620,000
7%
$575,000
Alternative Use
Use
Estimation
RETAIL STORES
$560,000
Current use
OFFICE BUILDING
$885,000
Change: +59% · Conversion: Easy
AUTO REPAIR, GARAGE
$875,000
Change: +57% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$660,000
Change: +18% · Conversion: Moderate
WAREHOUSE, STORAGE
$445,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $500k (Aug 15 2023)
Last sale anchor
$500k
Aug 15 2023
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
$152 / 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
$9,112
Tax year 2023
Assessed value
$422,209
Assessed 2023
Previous assessed
$412,531
+2.3% YoY
Effective rate
2.16%
On assessed value
Assessed land
$115,616
Assessed improvement
$306,593
Land market value
$115,616
Improvement market value
$306,593
Total market value
$422,209
Applied tax rate
90,520.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1977
Heating
NONE
Stories
1
Units
1
Total area
3,592 SF
Lot
0.29 ac (12,502 SF)
Zoning code
C-2
APN
252633296500090010
UPID
US18-4593487
Jurisdiction
POLK
Zoning & alternative use
C-2 · Polk City, FL
Zoning C-2 · permitted uses
C-2 · Polk City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Polk City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$560,000
OFFICE BUILDING
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$875,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$660,000
WAREHOUSE, STORAGE
Est. value
$445,000
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1977
Heating
NONE
Stories
1
Units
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
United Holdings & Investments Group
Entity
Mailing address
4965 JULIANA LK DR, AUBURNDALE, FL 33823
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2023
$500,000
United Holdings & Investments Group
Jack And Jackie Campbell LLC
Warranty Deed
$400,000 · Jack And Jackie Campbell LLC
May 12, 2017
—
Jack & Jackie Campbell LLC
—
Trustees Deed
related
$115,000 · Midflorida Cu Isaoa
Jun 30, 2015
$100,000
Jack & Jackie Campbell LLC
Nguyen Ngan T
Warranty Deed
—
Dec 6, 2011
—
Ngan T Nguyen
Phan,dai P
Quit Claim Deed
related
—
Feb 2, 2000
$150,000
Dai P Phan
Fudge,roy T
Grant Deed
$100,000 · Seller
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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