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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Medical Office Space
1137 Druid Cir Lake Wales, FL 33853-4339
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-5224851
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1993
Total area
5,675 SF
Lot
0.45 ac (19,659 SF)
APN
283006939400008100
UPID
US18-5224851
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
-
Navarro Medical Medical Clinic
-
P Rene Navarro Md Physician
-
Whitney Brown Physician
-
Griffin Jane Employment Agency
-
Ricardo Navarro Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$985k
Owner & transaction history
Down Hm Invs Prop LLC · 7 yrs held
Down Hm Invs Prop LLC
since 2019
7 recorded transactions
Zoning & alternative use
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 Lake Wales submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Wales 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,190,000
6.5%
$1,095,000
7%
$1,020,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,610,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$174 / 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
$12,165
Tax year 2023
Assessed value
$752,199
Assessed 2023
Previous assessed
$714,251
+5.3% YoY
Effective rate
1.62%
On assessed value
Assessed land
$12,786
Assessed improvement
$739,413
Land market value
$12,786
Improvement market value
$739,413
Total market value
$752,199
Applied tax rate
90,320.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1993
Heating
NONE
Stories
1
Units
1
Total area
5,675 SF
Lot
0.45 ac (19,659 SF)
APN
283006939400008100
UPID
US18-5224851
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
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
COMMERCIAL (GENERAL)
Est. value
$1.6M
COMMERCIAL (GENERAL)
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
1993
Heating
NONE
Stories
1
Units
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Down Hm Invs Prop LLC
Entity
Mailing address
116 BROOKSHIRE DR, LAKE WALES, FL 33898-7601
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2020
—
Down Hm Invs Prop LLC
—
Deed
related
$656,546 · Centerstate Bk NA
Mar 25, 2020
—
Down Hm Invs Prop LLC
—
Deed
related
$117,500 · Centerstate Bk NA
Jul 9, 2019
—
Down Hm Invs Prop LLC
—
Deed
related
$340,000 · Centerstate Bk NA
Feb 27, 2019
$100
Down Hm Invs Prop LLC
Navarro,ricardo J & Aleia
Warranty Deed
related
—
Oct 12, 2009
—
P Rene Navarro
Navarro,p Rene
Quit Claim Deed
related
—
—
—
Down Hm Invs Prop LLC
—
Deed Of Trust
related
$340,000 · Centerstate Bk NA
—
—
Down Hm Invs Prop LLC
—
Deed Of Trust
related
$117,500 · Centerstate Bk NA
—
—
Down Hm Invs Prop LLC
—
Deed Of Trust
related
$656,546 · Centerstate Bk NA
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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