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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Retail space
15 Polk Ave Arcadia, FL 34266-3949
Individually Owned
1-yr Hold
Free & Clear
Property ID
US18-3785411
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1918
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,442 SF
Lot
0.14 ac (6,229 SF)
Zoning code
B-2
APN
25-37-24-0012-0040-0120
UPID
US18-3785411
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$355k
Blend (final)
Blend
$530k
Owner & transaction history
Grace Cmnty Chr Of Lakewood Ranch I · 1 yrs held
Grace Cmnty Chr Of Lakewood Ranch I
since 2025
Last sale
$550,000
4 recorded transactions
Zoning & alternative use
B-2 · Arcadia, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$855,000
+126.9%
Auto repair, garage
$720,000
+91.5%
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 Arcadia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arcadia 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
$515,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$375,000
Current use
WAREHOUSE, STORAGE
$855,000
Change: +127% · Conversion: Difficult
AUTO REPAIR, GARAGE
$720,000
Change: +91% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $550k (Apr 30 2025)
Last sale anchor
$550k
Apr 30 2025
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
$63 / 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
$4,661
Tax year 2023
Assessed value
$210,517
Assessed 2023
Previous assessed
$191,973
+9.7% YoY
Effective rate
2.21%
On assessed value
Assessed land
$23,377
Assessed improvement
$187,140
Land market value
$23,377
Improvement market value
$187,140
Total market value
$210,517
Applied tax rate
1.0000
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
1918
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
4
Total area
8,442 SF
Lot
0.14 ac (6,229 SF)
Zoning code
B-2
APN
25-37-24-0012-0040-0120
UPID
US18-3785411
Jurisdiction
DE SOTO
Zoning & alternative use
B-2 · Arcadia, FL
Zoning B-2 · permitted uses
B-2 · Arcadia, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arcadia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$375,000
WAREHOUSE, STORAGE
Est. value
$855,000
AUTO REPAIR, GARAGE
Est. value
$720,000
RETAIL STORES Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
1918
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
4
Lot
0.14 ac
Current owner
From public records · entity-resolved
Grace Cmnty Chr Of Lakewood Ranch I
Individual
Free & Clear · 1 yrs held
Mailing address
2037 CLB HOUSE RD, N FORT MYERS, FL 33917-2519
Ownership since
2025
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
Apr 30, 2025
$550,000
Grace Cmnty Chr Of Lakewood Ranch I
Steven P Loffreno
Warranty Deed
—
Dec 16, 2021
$182,500
Steven P Loffreno
Martha Craven
Warranty Deed
$91,250 · Martha Craven Etal
Sep 24, 2004
$62,500
Charles C Craven
Mercer Charles P SR Trust
Grant Deed
$62,500 · Mercer Charles P SR Trust (tr)
—
—
Charles C Craven
—
Loan Modification
related
—
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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