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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Grocery and convenience stores
111 Marcum Rd Lakeland, FL 33809-4302
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-5347839
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2001
Total area
3,468 SF
Lot
1.51 ac (65,950 SF)
Zoning code
RE-1
APN
232713000000022150
UPID
US18-5347839
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
Current use
Occupant on record · Public records
-
MARATHON Grocery & Convenience Store
-
El Juarense Restaurant
-
Hess Mart Grocery & Convenience Store
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$481k
Blend (final)
Blend
$530k
Owner & transaction history
Knights Real Estate INC · 8 yrs held
Knights Real Estate INC
since 2017
4 recorded transactions
Zoning & alternative use
RE-1 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$860,000
+35.0%
Medical building
$850,000
+34.0%
Office building
$810,000
+27.4%
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
$415,000
CAP Approach
CAP Return
Estimation
6%
$750,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Current use
AUTO REPAIR, GARAGE
$860,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$850,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$810,000
Change: +27% · Conversion: Moderate
RETAIL STORES
$645,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$153 / 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
$12,566
Tax year 2023
Assessed value
$853,446
Assessed 2023
Previous assessed
$910,972
-6.3% YoY
Effective rate
1.47%
On assessed value
Assessed land
$429,137
Assessed improvement
$424,309
Land market value
$429,137
Improvement market value
$424,309
Total market value
$853,446
Applied tax rate
90,000.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2001
Heating
NONE
Buildings
2
Stories
1
Units
1
Bathrooms
1
Total area
3,468 SF
Lot
1.51 ac (65,950 SF)
Zoning code
RE-1
APN
232713000000022150
UPID
US18-5347839
Jurisdiction
POLK
Zoning & alternative use
RE-1 · Lakeland, FL
Zoning RE-1 · permitted uses
RE-1 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$635,000
AUTO REPAIR, GARAGE
Est. value
$860,000
MEDICAL BUILDING
Est. value
$850,000
OFFICE BUILDING
Est. value
$810,000
RETAIL STORES
Est. value
$645,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2001
Heating
NONE
Stories
1
Buildings
2
Units
1
Bathrooms
1
Lot
1.51 ac
Current owner
From public records · entity-resolved
Knights Real Estate INC
Entity
Free & Clear · 8 yrs held
Mailing address
1201 OAKFIELD DR STE #109, BRANDON, FL 33511-4932
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2017
—
Knights Real Estate INC
Mcknight,william D & Kathryn A
Quit Claim Deed
related
—
Dec 6, 2011
$1,000,000
Mcknight William D Trust
Peg Ptshp LLP
Warranty Deed
$807,000 · Everbank
May 18, 2001
—
Peg Partnership LLP
Johnson,harold L & Frances D
Grant Deed
related
—
Sep 29, 2000
$275,000
Peg Ptshp LLP
Johnson,harold L & Frances D
Grant Deed
—
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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