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Property profile & analytics
OFF-MARKET
Estimated value
$7,000,000
Office buildings
130 Bates SW Ave, Winter Haven, FL 33880-2926
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-5899949
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Total area
22,646 SF
Lot
0.66 ac (28,854 SF)
APN
262829621000016033
UPID
US18-5899949
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
-
Work Safe Pays (Bike/Boat/Book/etc) Store Corporate Office
-
Cyberlink 1 Telecommunications Service Data Center
-
Radiology Consultants, P.a. Physician Medical Clinic
-
Dr. Magdi G. Girgis, MD Physician Medical Clinic
-
Allegiant Health & Associates Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.00M
CAP Approach
CAP
$4.57M
Comparable Approach
Comparable
$9.61M
Blend (final)
Blend
$7.00M
Owner & transaction history
Cypress3 LLC · 2 yrs held
Cypress3 LLC
since 2024
Last sale
$7.0M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.5M
+20.7%
Medical building
$9.8M
+12.9%
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 Winter Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winter Haven 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
$7,000,000
ML approach
$7,000,000
CAP Approach
CAP Return
Estimation
6%
$4,945,000
6.5%
$4,565,000
7%
$4,240,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,660,000
Current use
RESTAURANT
$10,455,000
Change: +21% · Conversion: Moderate
MEDICAL BUILDING
$9,780,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$7.00M
Range $6.30M – $7.70M · ±10% · vs last sale $7.00M (Jan 17 2024)
Last sale anchor
$7.00M
Jan 17 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
$309 / 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
$31,874
Tax year 2023
Assessed value
$2,761,200
Assessed 2023
Previous assessed
$1,120,949
+146.3% YoY
Effective rate
1.15%
On assessed value
Assessed land
$129,852
Assessed improvement
$2,631,348
Land market value
$129,852
Improvement market value
$2,631,348
Total market value
$2,761,200
Applied tax rate
92,410.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Heating
NONE
Buildings
2
Stories
4
Units
1
Total area
22,646 SF
Lot
0.66 ac (28,854 SF)
APN
262829621000016033
UPID
US18-5899949
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
OFFICE BUILDING Current
Est. value
$8.7M
RESTAURANT
Est. value
$10.5M
MEDICAL BUILDING
Est. value
$9.8M
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
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
1978
Heating
NONE
Stories
4
Buildings
2
Units
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Cypress3 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
56 4TH ST NW STE #200, WINTER HAVEN, FL 33881-4613
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2024
$7,000,000
Cypress3 LLC
Certipay Property Holdings LLC
Warranty Deed
—
Aug 20, 2013
—
Cmlt 2008-ls1 Office 250 LLC
Odyssey II Dp Xiv LLC Coc
Trustees Deed
related
—
Jun 1, 2007
$5,500,000
Odyssey II Dp Xiv LLC
A & M Security Ltd
Grant Deed
—
Feb 3, 2003
$3,220,000
A & M Security Ltd
Hopewell Land Partners LLC
Grant Deed
related
$2,900,000 · Citrus & Chemical 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.
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