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Property profile & analytics
OFF-MARKET
Estimated value
$2,255,000
Distribution centers
1122 Locke St, Avon Park, FL 33825-3703
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1341445
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2007
Construction
FRAME
Total area
31,150 SF
Lot
2.23 ac (97,200 SF)
Zoning code
I1
APN
A-21-33-28-010-0090-0060
UPID
US18-1341445
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
$2.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.92M
Blend (final)
Blend
$2.26M
Owner & transaction history
Turner Furniture Company INC · 6 yrs held
Turner Furniture Company INC
since 2020
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
I1 · Avon Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,290,000
ML approach
$2,190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,500,000
Change: -16% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,445,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$2.26M
Range $2.03M – $2.48M · ±10% · vs last sale $1.53M (Apr 24 2020)
Last sale anchor
$1.53M
Apr 24 2020
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
$72 / 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
$20,794
Tax year 2023
Assessed value
$1,062,421
Assessed 2023
Previous assessed
$1,071,626
-0.9% YoY
Effective rate
1.96%
On assessed value
Assessed land
$121,500
Assessed improvement
$940,921
Land market value
$121,500
Improvement market value
$940,921
Total market value
$1,062,421
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
1
Bathrooms
4
Total area
31,150 SF
Lot
2.23 ac (97,200 SF)
Zoning code
I1
APN
A-21-33-28-010-0090-0060
UPID
US18-1341445
Jurisdiction
HIGHLANDS
Zoning & alternative use
I1 · Avon Park, FL
Zoning I1 · permitted uses
I1 · Avon Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Avon Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
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
2007
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
1
Bathrooms
4
Lot
2.23 ac
Current owner
From public records · entity-resolved
Turner Furniture Company INC
Entity
Mailing address
2900 US HWY 27TH S, AVON PARK, FL 33825-9759
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Apr 24, 2020
$1,530,000
Turner Furniture Company INC
Turner Furniture Warehouse LLC
Warranty Deed
$2,300,000 · Wauchula State Bank
Jul 14, 2006
—
Turner Furniture Warehouse LLC
—
Trustees Deed
related
$1,247,000 · Bank Of America
Jun 1, 2005
$190,000
Turner Furniture Warehouse LLC
Johnson,david B & Helen S
Warranty Deed
$90,000 · Heartland National Bank
Aug 21, 1997
$16,500
David B Johnson
Porter,maggie M
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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