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    Property profile & analytics

    131 Patterson Rd Haines City, FL 33844-7803

    • Medical offices
    • 6,914 SF
    • 0.18 lot acres
    OFF-MARKET
    Last Sale
    Dec 28, 2022
    $1,900,000
    Value Estimations
    $2,005,000
    Show details
    Cap Rate Potential
    4%
    Medical offices
    Location Intelligence
    Property ID
    US18-1322092
    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.

    Current Use by Public Records

    • Medical offices

    Property Details for 131 Patterson Rd

    Year built
    2007
    Lot size
    0.18 lot acres
    Property size
    6,914 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    272717741009000020
    APU
    272717741009000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,165,000
      ML approach
      $2,060,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,450,000
      6.5%
      $1,335,000
      7%
      $1,240,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,275,000
      Market price range: $494k - $1.28M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,140,000
      Current use
      RESTAURANT
      $3,190,000
      Change: +49% Conversion: Difficult
      OFFICE BUILDING
      $2,245,000
      Change: +5% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,960,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Haines City
    County
    Polk
    State
    Florida
    Longitude
    -81.6368
    Latitude
    28.1425
    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
    $31,723
    $157,760
    $1,385,407
    $1,543,167
    -
    $157,760
    $1,385,407
    $1,543,167

    Comparable in this City

    • Value Estimation
      $1,090,000
      7,314 SF

      101 Dixie Dr

      MEDICAL BUILDING • 7,314 SF
      101 Dixie Dr, Haines City, FL 33844-2844
      View Details
    • Value Estimation
      $1,080,000
      8,071 SF

      900 Ingraham Ave

      MEDICAL BUILDING • 8,071 SF
      900 Ingraham Ave, Haines City, FL 33844-4336
      View Details
    • Value Estimation
      $2,420,000
      20,366 SF

      306 10th St

      MEDICAL BUILDING • 20,366 SF
      306 10th St, Haines City, FL 33844-5602
      View Details
    • Value Estimation by Request
      2,487 SF

      2211 Wn Blvd

      MEDICAL BUILDING • 2,487 SF
      2211 Wn Blvd, Haines City, FL 33844
      View Details
    • Value Estimation
      $1,040,000
      7,086 SF

      100 Patterson Rd

      MEDICAL BUILDING • 7,086 SF
      100 Patterson Rd, Haines City, FL 33844-7840
      View Details
    • Value Estimation
      $1,340,000
      11,640 SF

      280 Patterson Rd

      MEDICAL BUILDING • 11,640 SF
      280 Patterson Rd, Haines City, FL 33844-6261
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Spacious Medical Office Suite

      3,863 SF medical office suite ideal for healthcare practice.
      295 Patterson Rd, Haines City, FL 33844
      View Details
    • $79,900

      Haines City 55+ Community Home

      2/2 manufactured home in active 55+ Lake Hamilton co-op.
      315 Beaver Ln, Haines City, FL 33844
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      Downtown Haines City Commercial Opportunity

      High-visibility commercial property in the heart of Downtown Haines City.
      1020 E Main St, Haines City, FL 33844
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    • $59,990
      0.18 Acres

      Vacant Land in Haines City

      0.17-acre vacant lot ready for your dream home!
      630 Kokomo Rd, Haines City, FL 33844
      View Details
    • $799,000
      3.67 Acres

      Prime Central Florida Development Land

      3.66-acre parcel with potential for residential development.
      2300 Olsen Rd, Haines City, FL 33844
      View Details
    • $45,000
      0.10 Acres

      Residential Land in Haines City

      Corner lot ready for your dream home, no HOA fees.
      Kokomo Rd NE, Haines City, FL 33844
      View Details

    Similar Nearby for Lease

    • $77,260

      Medical Office Suite For Rent

      Spacious medical office suite in a prime, accessible location.
      295 Patterson Rd, Haines City, FL 33844
      View Details
    • Contact for pricing
      20,606 SF

      Haines City Medical Office Building

      Prime Medical Office Space Available in Florida
      306 10Th St, Haines City, FL 33844
      View Details
    • $16 SF/Yr
      4,022 SF

      Medical Office Space Available

      Medical office space for lease in Haines City, Florida.
      306 S 10Th St, Haines City, FL 33844
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Haines City

      Retail space available for lease in Haines City, Florida.
      4112 E Johnson Ave, Haines City, FL 33844
      View Details
    • Contact for pricing

      Haines City Land Opportunity

      Land for lease in fast-growing Haines City, Florida.
      E Hinson Ave, Haines City, FL 33844
      View Details
    • $46,800

      Haines City Warehouse with Mezzanine

      Warehouse with AC office, overhead door, and mezzanine.
      2135 S 30Th St, Haines City, FL 33844
      View Details
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    131 Patterson Rd
    Haines City, FL 33844-7803
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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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