Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,370,000
Retail space
1212 Florida Ave Lakeland, FL 33803-2202
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4292910
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1935
Total area
4,809 SF
Lot
0.79 ac (34,264 SF)
Zoning code
XX
APN
242819233500002010
UPID
US18-4292910
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
-
Pinkston Joe N DDS Dental Office
-
Stone Cabin Coffee and Cheesecake Co Cafe & Coffee Shop
-
Dirty Dogs Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.72M
CAP Approach
CAP
$830k
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.37M
Owner & transaction history
New Petals LLC · 2 yrs held
New Petals LLC
since 2023
Last sale
$1.4M
3 recorded transactions
Zoning & alternative use
XX · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+47.1%
Commercial (general)
$1.2M
+38.5%
Auto repair, garage
$1.2M
+32.7%
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
$1,420,000
ML approach
$1,715,000
CAP Approach
CAP Return
Estimation
6%
$900,000
6.5%
$830,000
7%
$770,000
Alternative Use
Use
Estimation
RETAIL STORES
$895,000
Current use
OFFICE BUILDING
$1,320,000
Change: +47% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,240,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,190,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$1,180,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$880,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$1.37M
Range $1.23M – $1.51M · ±10% · vs last sale $1.37M (Oct 6 2023)
Last sale anchor
$1.37M
Oct 6 2023
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
$285 / 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
$12,051
Tax year 2023
Assessed value
$713,182
Assessed 2023
Previous assessed
$580,957
+22.8% YoY
Effective rate
1.69%
On assessed value
Assessed land
$445,432
Assessed improvement
$267,750
Land market value
$445,432
Improvement market value
$267,750
Total market value
$713,182
Applied tax rate
91,510.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1935
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
4,809 SF
Lot
0.79 ac (34,264 SF)
Zoning code
XX
APN
242819233500002010
UPID
US18-4292910
Jurisdiction
POLK
Zoning & alternative use
XX · Lakeland, FL
Zoning XX · permitted uses
XX · Lakeland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakeland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$895,000
OFFICE BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$880,000
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1935
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
New Petals LLC
Entity
Mailing address
41 LK MORTON DR, LAKELAND, FL 33801-5360
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2023
$1,370,000
New Petals LLC
Jerlin INC
Special Warranty Deed
$1,096,000 · Jerlin INC
Sep 30, 1998
$229,500
Jerlin INC
Bass,trellis S
Grant Deed
$194,500 · Seller
—
—
Jerlin INC
—
Deed Of Trust
related
$300,000 · Riverside National Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1212 Florida Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
