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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Grocery and convenience stores
117 Lk Beulah Dr Lakeland, FL 33815-4528
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US19-0606058
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1962
Total area
4,524 SF
Lot
0.53 ac (23,117 SF)
APN
232813064500003080
UPID
US19-0606058
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
-
Citgo Gas Station
-
Five Points Food Mart Gas Station
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$905k
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$885k
Owner & transaction history
Harshy Two LLC · 1 yrs held
Harshy Two LLC
since 2025
Last sale
$775,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+75.9%
Commercial (general)
$1.2M
+41.0%
Auto repair, garage
$1.1M
+35.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$980,000
6.5%
$905,000
7%
$840,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$830,000
Current use
OFFICE BUILDING
$1,460,000
Change: +76% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,170,000
Change: +41% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,120,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$1,110,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$840,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$885k
Range $797k – $974k · ±10% · vs last sale $775k (Oct 15 2024)
Last sale anchor
$775k
Oct 15 2024
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
$196 / 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
$6,218
Tax year 2023
Assessed value
$307,356
Assessed 2023
Previous assessed
$307,356
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$179,157
Assessed improvement
$128,199
Land market value
$179,157
Improvement market value
$128,199
Total market value
$307,356
Applied tax rate
91,511.0000
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
1962
Heating
NONE
Stories
1
Units
1
Total area
4,524 SF
Lot
0.53 ac (23,117 SF)
APN
232813064500003080
UPID
US19-0606058
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$830,000
OFFICE BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$840,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL 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
1962
Heating
NONE
Stories
1
Units
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Harshy Two LLC
Entity
Mailing address
10113 VILLA RDG DR, LAS VEGAS, NV 89134-7639
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2025
$775,000
Harshy Two LLC
Xihe Holdings LLC
Warranty Deed
$1,240,000 · Central Bank
Feb 8, 2024
$1,965,000
Xihe Holdings LLC
Sqrl Lakeland LLC
Special Warranty Deed
$1,265,000 · Tc Federal Bank
Aug 10, 2023
$1,400,000
Sqrl Lakeland LLC
A2 Development Company LLC
Warranty Deed
—
Aug 10, 2023
$760,000
A2 Development Company
Raed Y Yaser
Warranty Deed
—
Mar 21, 2006
$200,000
Raed Y Yaser
Hussein,mohammad D
Quit Claim Deed
related
—
Feb 23, 2006
$600,000
Mohammad D Hussein
Boudreau,sun A
Warranty Deed
$400,000 · Sun A Boudreau
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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