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    117 Lk Beulah Dr Lakeland, FL 33815-4528
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    Property profile & analytics

    117 Lk Beulah Dr, Lakeland, FL 33815-4528

    View on Map
    • Grocery and convenience stores
    • 4,524 SF
    • 0.53 lot acres
    Off-Market
    Last Sale Oct 15, 2024
    $775,000
    Property ID
    US19-0606058
    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
    $885,000
    Show details
    Cap Rate Potential
    3%
    Grocery and convenience stores
    Location Intelligence

    Current Use by Public Records

    • Citgo / Gas Station
    • Five Points Food Mart / Gas Station
    • ATM / Atm

    Property Details for 117 Lk Beulah Dr

    Year built
    1962
    Lot size
    0.53 lot acres
    Property type
    Grocery and convenience stores
    APN
    232813064500003080
    APU
    232813064500003080

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 15, 2025 $775,000 Harshy Two LLC Xihe Holdings LLC Warranty Deed $1.2M · Central Bank
    Feb 8, 2024 $1,965,000 Xihe Holdings LLC Sqrl Lakeland LLC Special Warranty Deed $1.3M · 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 $400k · Sun A Boudreau

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $980,000
      6.5%
      $905,000
      7%
      $840,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,089,000
      Market price range: $549k - $1.80M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.9687
    Latitude
    28.0424
    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
    $6,218
    $179,157
    $128,199
    $307,356
    -
    $179,157
    $128,199
    $307,356

    Comparable in this City

    • Value Estimation
      $760,000
      6,564 SF

      425 Central Ave

      CONVENIENCE STORE
      425 Central Ave, Lakeland, FL 33815-4338
      View Details
    • Value Estimation
      $1,180,000
      11,484 SF

      610 Memorial Blvd

      GROCERY, SUPERMARKET
      610 Memorial Blvd, Lakeland, FL 33815-1460
      View Details
    • Value Estimation by Request
      3,072 SF

      724 Wabash Ave

      CONVENIENCE STORE
      724 Wabash Ave, Lakeland, FL 33815-1188
      View Details
    • Value Estimation by Request
      6,250 SF

      628 Wabash Ave

      CONVENIENCE STORE
      628 Wabash Ave, Lakeland, FL 33815-1198
      View Details
    • Value Estimation
      $1,420,000
      8,850 SF

      2100 Memorial Blvd

      CONVENIENCE STORE
      2100 Memorial Blvd, Lakeland, FL 33815-1003
      View Details
    • Value Estimation by Request
      2,848 SF

      1818 Memorial Blvd

      CONVENIENCE STORE
      1818 Memorial Blvd, Lakeland, FL 33815-1108
      View Details

    Similar Nearby for Sale

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      Pending

      Lakeland Retail Opportunity For Sale

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      2,600 SF

      Signalized Corner Retail Property

      0.92-acre corner property with high visibility and access.
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      Lakeland Retail Space - High Visibility

      Prime location, 2,910 sq ft, 0.5-acre lot. High-traffic corner.
      Lakeland, FL 33815
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    • $65,000
      0.12 Acres

      Lakeland Land for Multifamily Development

      Two adjacent lots ideal for multifamily development in Lakeland, Florida.
      515 W Magnolia St, Lakeland, FL 33815
      View Details
    • $55,000
      0.30 Acres

      Lakeland Land: Development Opportunity

      Two platted lots in Lakeland with multi-family zoning.
      916 Nashville Rd, Lakeland, FL 33815
      View Details

    Similar Nearby for Lease

    • Contact for pricing

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      Class A office building with flexible space and rooftop potential.
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      Retail Space in Wabash Center

      Retail space available in Wabash Shopping Center in Lakeland, FL.
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      Well-Maintained Office Complex For Lease

      Office suites available in a well-maintained complex with ample parking.
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      705,420 SF

      Lakeland Warehouse and Distribution Center

      Large industrial property with immediate Interstate 4 access in Central Florida.
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      3,733 SF

      Office Space For Lease

      Well-maintained office complex with ample parking and high visibility.
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    • Contact for pricing
      22,500 SF

      Lakeland Warehouse Space Available

      Warehouse space for lease in Lakeland, Florida.
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      View Details
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    Lakeland, FL 33815-4528
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    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
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