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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Warehouses
1092 Locke St Avon Park, FL 33825-4797
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3807352
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1982
Construction
FRAME
Total area
8,150 SF
Lot
0.74 ac (32,400 SF)
Zoning code
C2
APN
A-22-33-28-010-0180-0061
UPID
US18-3807352
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
$1.20M
CAP Approach
CAP
$995k
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.26M
Owner & transaction history
Matthew W Laye INC · 5 yrs held
Matthew W Laye INC
since 2021
Last sale
$950,000
2 recorded transactions
Zoning & alternative use
C2 · Avon Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
2.04.02.07 C-2 General Commercial (A) FLUM Designation: Highway Commercial (B) Purpose: To establish areas suitable for general retail, office and personal service activities, generally along US Highway 27; to designate those uses and activities that are appropriate for and compatible with such areas; and to establish standards and provisions necessary to en…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
412.20 ac
Top alternative use upside
Medical building
$1.3M
+23.6%
Office building
$1.3M
+22.9%
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 Avon Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avon Park 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
$1,260,000
ML approach
$1,195,000
CAP Approach
CAP Return
Estimation
6%
$1,080,000
6.5%
$995,000
7%
$925,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,085,000
Current use
MEDICAL BUILDING
$1,340,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$1,330,000
Change: +23% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,010,000
Change: -7% · Conversion: Easy
INDUSTRIAL (GENERAL)
$915,000
Change: -16% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$900,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±10% · vs last sale $950k (Jan 8 2021)
Last sale anchor
$950k
Jan 8 2021
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
$155 / 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
$9,848
Tax year 2023
Assessed value
$474,139
Assessed 2023
Previous assessed
$466,206
+1.7% YoY
Effective rate
2.08%
On assessed value
Assessed land
$163,620
Assessed improvement
$310,519
Land market value
$163,620
Improvement market value
$310,519
Total market value
$474,139
Applied tax rate
10.0000
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
1982
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Rooms
7
Bathrooms
7
Total area
8,150 SF
Lot
0.74 ac (32,400 SF)
Zoning code
C2
APN
A-22-33-28-010-0180-0061
UPID
US18-3807352
Jurisdiction
HIGHLANDS
Zoning & alternative use
C2 · Avon Park, FLZoning C2 · permitted uses
C2 · Avon Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
2.04.02.07 C-2 General Commercial (A) FLUM Designation: Highway Commercial (B) Purpose: To establish areas suitable for general retail, office and personal service activities, generally along US Highway 27; to designate those uses and activities that are appropriate for and compatible with such areas; and to establish standards and provisions necessary to ensure proper development in a community commercial environment. This district is intended for highway commercial uses. All single or multi -family residential shall be within a platted subdivision of five (5) acres or more. (C) Permitted Principal Uses & Structures: Uses permitted in this district are detailed in the Table of Land Uses in Section 2.04.01(A). The letter “P” designates permitted uses. Uses designated by the letter "D" are also permitted, but require the submission and approval of a Site Development Plan prior to application for a Development Permit. Article 7 governs review of an application for approval of a Site Development Plan. (1) Any number of permitted uses may be conducted at the same time in the principal structure; such as a building with a combination of offices and restaurants and
Zone name
General Commercial
General category
COMMERCIAL
Zone area
412.20 ac
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.0M
INDUSTRIAL (GENERAL)
Est. value
$915,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$900,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1982
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
7
Lot
0.74 ac
Current owner
From public records · entity-resolved
Matthew W Laye INC
Entity
Mailing address
1055 LK LOTELA DR, AVON PARK, FL 33825-9734
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2021
$950,000
Matthew W Laye INC
Donald S Laye
Warranty Deed
$475,000 · Donald S Laye Etal
—
—
Ronald A Laye
—
Deed Of Trust
related
$40,785 · Bank Of America
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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