Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Grocery and convenience stores
1115 Berkley Rd Auburndale, FL 33823-2562
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4535211
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1974
Total area
2,880 SF
Lot
0.4 ac (17,415 SF)
Zoning code
C-3
APN
252804313000004509
UPID
US18-4535211
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
-
Taqueria rivera Restaurant
-
Taqueria López Restaurant
-
Berkley Corner Smoke Shop (Bike/Boat/Book/etc) Store
-
Ice Kingdom, LLC Big Box & Wholesale Store Distribution Center
-
CoinFlip Bitcoin ATM Commercial Agent Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$640k
CAP Approach
CAP
$575k
Comparable Approach
Comparable
$596k
Blend (final)
Blend
$585k
Owner & transaction history
Berkley Corner LLC · 4 yrs held
Berkley Corner LLC
since 2021
Last sale
$515,000
4 recorded transactions
Zoning & alternative use
C-3 · Auburndale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$890,000
+68.8%
Commercial (general)
$815,000
+54.6%
Auto repair, garage
$700,000
+32.8%
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 Auburndale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Auburndale 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
$660,000
ML approach
$640,000
CAP Approach
CAP Return
Estimation
6%
$625,000
6.5%
$575,000
7%
$535,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$530,000
Current use
MEDICAL BUILDING
$890,000
Change: +69% · Conversion: Difficult
COMMERCIAL (GENERAL)
$815,000
Change: +55% · Conversion: Easy
AUTO REPAIR, GARAGE
$700,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$635,000
Change: +20% · Conversion: Moderate
RETAIL STORES
$585,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $515k (Aug 16 2021)
Last sale anchor
$515k
Aug 16 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
$203 / 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
$6,382
Tax year 2023
Assessed value
$416,909
Assessed 2023
Previous assessed
$418,092
-0.3% YoY
Effective rate
1.53%
On assessed value
Assessed land
$208,976
Assessed improvement
$207,933
Land market value
$208,976
Improvement market value
$207,933
Total market value
$416,909
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
1974
Heating
NONE
Stories
1
Units
1
Total area
2,880 SF
Lot
0.4 ac (17,415 SF)
Zoning code
C-3
APN
252804313000004509
UPID
US18-4535211
Jurisdiction
POLK
Zoning & alternative use
C-3 · Auburndale, FLZoning C-3 · permitted uses
C-3 · Auburndale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$530,000
MEDICAL BUILDING
Est. value
$890,000
COMMERCIAL (GENERAL)
Est. value
$815,000
AUTO REPAIR, GARAGE
Est. value
$700,000
OFFICE BUILDING
Est. value
$635,000
RETAIL STORES
Est. value
$585,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1974
Heating
NONE
Stories
1
Units
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Berkley Corner LLC
Entity
Mailing address
2901 PKWY BLVD STE B10, CELEBRATION, FL 34747-4514
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2024
—
Berkley Corner LLC
—
Deed
related
$500,000 · Crews Bank & Trust
Aug 16, 2021
$515,000
Berkley Corner LLC
Veer LLC
Warranty Deed
$360,500 · Veer LLC
Dec 7, 2011
$350,000
Veer LLC
Patel,ghanshaym
Warranty Deed
$225,000 · Ghanshaym Patel
—
—
Ghanshyam Patel
—
Deed Of Trust
related
$200,000 · First Florida Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1115 Berkley Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
