Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1150 Martin Luther King Jr Blvd Bartow, FL 33830-5845
    Back to Search
    Property profile & analytics

    1150 Martin Luther King Jr Blvd, Bartow, FL 33830-5845

    View on Map
    • Day care centers
    • 4,372 SF
    • 0.20 lot acres
    Off-Market
    Property ID
    US18-1223431
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Day care centers

    Property Details for 1150 Martin Luther King Jr Blvd

    Year built
    1988
    Lot size
    0.20 lot acres
    Zone code
    C-2
    Property type
    Day care centers
    APN
    253008414500062051
    APU
    253008414500062051

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 16, 2009 $205,000 Brightest Minds Academy LLC Heartland Economic Dev Authori Warranty Deed $248k · Fifth Third Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bartow
    County
    Polk
    State
    Florida
    Longitude
    -81.8319
    Latitude
    27.8917
    CBSA code
    29460
    CBSA name
    LAKELAND, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,342
    $6,374
    $93,620
    $99,994
    -
    $6,374
    $93,620
    $99,994

    Comparable in this City

    • Value Estimation by Request
      6,788 SF

      2203 Us Hwy 17th S

      DAY CARE, PRE-SCHOOL
      2203 Us Hwy 17th S, Bartow, FL 33830-7551
      View Details
    • Value Estimation
      $525,000
      5,466 SF

      1426 Bryant St

      DAY CARE, PRE-SCHOOL
      1426 Bryant St, Bartow, FL 33830-3411
      View Details
    • Value Estimation by Request
      5,392 SF

      650 Main St

      DAY CARE, PRE-SCHOOL
      650 Main St, Bartow, FL 33830-3659
      View Details
    • Value Estimation by Request
      3,672 SF

      1570 Gordon Ave

      DAY CARE, PRE-SCHOOL
      1570 Gordon Ave, Bartow, FL 33830-6828
      View Details
    • Value Estimation
      $515,000
      4,578 SF

      1105 Martin Luther King Jr Blvd

      DAY CARE, PRE-SCHOOL
      1105 Martin Luther King Jr Blvd, Bartow, FL 33830-5800
      View Details
    • Value Estimation by Request
      5,220 SF

      695 Summerlin St

      DAY CARE, PRE-SCHOOL
      695 Summerlin St, Bartow, FL 33830-4848
      View Details

    Similar Nearby for Sale

    • $500,000
      6,788 SF

      Daycare Facility on Highway 17

      Daycare facility with extra lot, located on Highway 17.
      2203 Us-17, Bartow, FL 33830
      View Details
    • $599,995

      Remodeled Religious Facility with Residence

      4000 SF religious facility with 3BR/2BA residence.
      8152 Cherokee Ave, Bartow, FL 33830
      View Details
    • $599,995
      5,944 SF

      Remodeled Religious Facility with Residence

      4000 SF religious facility with 3/2 manufactured home.
      8152 Cherokee Ave, Bartow, FL 33830
      View Details
    • $1,350,000

      Dunkin' Donuts & Tesla Supercharger

      Investment opportunity with passive income from established tenants.
      1202 N Broadway Ave, Bartow, FL 33830
      View Details
    • $1,444,651

      Medical Office Building Investment Opportunity

      Medical office building in Downtown Bartow, leased to national tenant.
      2020 Flamingo Dr, Bartow, FL 33830
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Retail Space Available

      Prime retail space with updated features in a downtown location.
      535 E Main St, Bartow, FL 33830
      View Details
    • Contact for pricing
      588 SF

      Retail Space in Bartow Center

      Retail space available in a busy Bartow shopping center.
      255 E Van Fleet Dr, Bartow, FL 33830
      View Details
    • Contact for pricing

      Industrial/Warehouse/Distribution Space For Lease

      Premier leasing opportunity for industrial, warehouse, and distribution businesses.
      1585 Centennial Blvd, Bartow, FL 33830
      View Details
    • Contact for pricing
      3,815 SF

      Downtown Bartow Retail/Office Space

      5,800± SF building in downtown Bartow available August 2025.
      465-475 E Main St, Bartow, FL 33830
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space in Bartow, Florida

      Retail space available in a busy shopping center.
      110-370 E Van Fleet Dr, Bartow, FL 33830
      View Details
    • Contact for pricing

      Centennial Business Complex Leasing Opportunity

      Premier industrial/warehouse/distribution space with customizable floor plans and modern amenities.
      1585 Centennial Blvd, Bartow, FL 33830
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1150 Martin Luther King Jr Blvd
    Bartow, FL 33830-5845
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1150 Martin Luther King Jr Blvd, Bartow, FL, 33830
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!