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    Property profile & analytics

    108 Commonwealth N Ave Polk City, FL 33868-9506

    • Drive through restaurants
    • 2,316 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Location Intelligence
    Property ID
    US18-4595760
    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.

    Current Use by Public Records

    • Hungry Howie's Pizza & Subs / Pizza Delivery / Takeout Restaurant
    • Jacqueline A. Futch, PharmD / Pharmacy

    Property Details for 108 Commonwealth N Ave

    Year built
    1962
    Lot size
    0.23 lot acres
    Property size
    2,316 SF
    Zone code
    C-1
    Property type
    Drive through restaurants
    APN
    252633296500084150
    APU
    252633296500084150

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $330,000

    • CAP approach

      CAP return
      Estimation
      6%
      $320,000
      6.5%
      $315,000
      7%
      $350,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $300,000
      Geo Method
      $370,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $305,000
      Retail
      $325,000
      Mixed-Use
      $360,000
      Hospitality
      $290,000
      Educational
      $290,000
      Residential Income
      $355,000
      Energy
      $305,000
      Income-Based Land
      $325,000
      Food Service
      $300,000

    Location Insight

    • Map
    • Local Demand
    City
    Polk City
    County
    Polk
    State
    Florida
    Longitude
    -81.8233
    Latitude
    28.1829
    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
    $5,149
    $92,583
    $145,437
    $238,020
    -
    $92,583
    $145,437
    $238,020

    Comparable in this City

    • Value Estimation by Request
      4,900 SF

      1801 State Rd 559

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,900 SF
      1801 State Rd 559, Polk City, FL 33868-9369
      View Details
    • Value Estimation
      $330,000
      3,100 SF

      122 Commonwealth N Ave

      RESTAURANT • 3,100 SF
      122 Commonwealth N Ave, Polk City, FL 33868-9583
      View Details
    • Value Estimation
      $300,000
      10,728 SF

      315 Broadway SE Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 10,728 SF
      315 Broadway SE Blvd, Polk City, FL 33868-9240
      View Details
    • Value Estimation
      $1,275,000
      8,181 SF

      321 Broadway SE Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 8,181 SF
      321 Broadway SE Blvd, Polk City, FL 33868-9240
      View Details
    • Value Estimation
      $210,000
      3,800 SF

      302 Broadway SE Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,800 SF
      302 Broadway SE Blvd, Polk City, FL 33868-9239
      View Details
    • Value Estimation
      $230,000
      2,441 SF

      322 Broadway SE Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,441 SF
      322 Broadway SE Blvd, Polk City, FL 33868-9239
      View Details

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    Similar Nearby for Lease

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      Retail Space in Polk City

      Neighborhood shopping center near I-4 in Polk City, Florida.
      120 Carter Blvd, Polk City, FL 33868
      View Details
    • Contact for pricing
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    • Contact for pricing
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      Class A industrial space for lease.
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    • $4,800 /Mo
      1,488 SF

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    Polk City, FL 33868-9506
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    Realmo Value Estimation

    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.

    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.

    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
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