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Property profile & analytics
FOR LEASE
Strip malls
120 Carter Blvd Polk City, FL 33868
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-4123786
For Lease
1 / 30
$12 SF/Yr
120 Carter Blvd, Polk City, FL 33868
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Total area
11,172 SF
Lot
0.88 ac (38,542 SF)
APN
252632000000023210
UPID
US18-4123786
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
-
Kreative Dental Care, P.A. Dental Office
-
Mini Dental Implant Center Dental Office
-
The Pretty Swan Salon Suites Hair Salon Nail Salon
-
Devine Ophthalmic Medical Clinic
-
ElSoukiBarberShop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.28M
Owner & transaction history
Sunshine Value Partners 3 LLC · 4 yrs held
Sunshine Value Partners 3 LLC
since 2022
Last sale
$1.2M
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 Polk City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Polk City 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
$1,370,000
ML approach
$1,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,045,000
Current use
RETAIL STORES
$1,735,000
Change: -15% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,730,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.28M
Range $1.15M – $1.40M · ±10% · vs last sale $1.20M (Jul 27 2022)
Last sale anchor
$1.20M
Jul 27 2022
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
$114 / 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
$21,285
Tax year 2023
Assessed value
$939,607
Assessed 2023
Previous assessed
$726,356
+29.4% YoY
Effective rate
2.27%
On assessed value
Assessed land
$115,627
Assessed improvement
$823,980
Land market value
$115,627
Improvement market value
$823,980
Total market value
$939,607
Applied tax rate
90,520.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2007
Heating
NONE
Stories
1
Units
10
Total area
11,172 SF
Lot
0.88 ac (38,542 SF)
APN
252632000000023210
UPID
US18-4123786
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
$2.0M
RETAIL STORES
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
INDUSTRIAL (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
2007
Heating
NONE
Stories
1
Units
10
Lot
0.88 ac
Current owner
From public records · entity-resolved
Sunshine Value Partners 3 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3425 US HWY 98TH N, LAKELAND, FL 33809-3804
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2022
$1,200,000
Sunshine Value Partners 3 LLC
Polk City Center INC
Warranty Deed
—
Apr 13, 2018
—
Polk City Center INC
—
Deed
related
$70,120 · Centerstate Bk NA
Sep 20, 2017
—
Polk City Center INC
—
Deed
related
—
Dec 29, 2006
—
Polk City Center INC
Dale G Jacobs
Warranty Deed
$1,300,000 · Platinum Bk
Oct 18, 2006
$150,000
Dale G Jacobs
Still,kenneth W & Ellen C
Warranty Deed
—
Sep 1, 1998
$40,000
Kenneth W Still
Hare,donald R
Grant Deed
$35,000 · Seller
—
—
Polk City Center INC
—
Deed Of Trust
related
$1,238,870 · Platinum Bank
—
—
Polk City Center INC
—
Deed Of Trust
related
$1,172,341 · Platinum Bank
—
—
Polk City Center INC
—
Loan Modification
related
$1,068,556 · Platinum Bk
—
—
Polk City Center INC
—
Loan Modification
related
—
—
—
Polk City Center INC
—
Loan Modification
related
$70,120 · Centerstate Bk NA
—
—
Polk City Center INC
—
Loan Modification
related
$70,120 · Centerstate Bk NA
—
—
Polk City Center INC
—
Loan Modification
related
$140,241 · 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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