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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Retail space
150 Martin Luther King NE Blvd, Winter Haven, FL 33881-2419
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-6077458
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1994
Total area
2,640 SF
Lot
0.35 ac (15,337 SF)
APN
262816539500005100
UPID
US18-6077458
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
by Request
CAP Approach
CAP
$455k
Comparable Approach
Comparable
$502k
Blend (final)
Blend
$555k
Owner & transaction history
Jorge Perez · 2 yrs held
Jorge Perez
since 2023
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$705,000
+127.9%
Auto repair, garage
$560,000
+81.1%
Neighborhood: shopping center
$485,000
+55.9%
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
$570,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$495,000
6.5%
$455,000
7%
$425,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$705,000
Change: +128% · Conversion: Easy
AUTO REPAIR, GARAGE
$560,000
Change: +81% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$485,000
Change: +56% · Conversion: Moderate
WAREHOUSE, STORAGE
$390,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $550k (Oct 27 2023)
Last sale anchor
$550k
Oct 27 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
$210 / 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
$7,839
Tax year 2023
Assessed value
$407,072
Assessed 2023
Previous assessed
$387,946
+4.9% YoY
Effective rate
1.93%
On assessed value
Assessed land
$29,142
Assessed improvement
$377,930
Land market value
$29,142
Improvement market value
$377,930
Total market value
$407,072
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1994
Heating
NONE
Stories
1
Units
1
Total area
2,640 SF
Lot
0.35 ac (15,337 SF)
APN
262816539500005100
UPID
US18-6077458
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
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$560,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$485,000
WAREHOUSE, STORAGE
Est. value
$390,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1994
Heating
NONE
Stories
1
Units
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Jorge Perez
Individual
Mailing address
150 MARTIN LUTHER KING BLVD NE, WINTER HAVEN, FL 33881-2419
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2023
$550,000
Jorge Perez
150 Mlk Boulevard LLC
Warranty Deed
$275,000 · Jlm Capital LLC
Oct 12, 2021
—
150 Mlk Boulevard LLC
Jocelyn Jeanty
Correction Deed
related
—
Aug 30, 2021
$450,000
150 Mlk Boulevard LLC
Jocelyn Jeanty
Special Warranty Deed
—
Jan 28, 2013
$55,700
Jocelyn Jeanty
Daniels,dexter H JR & Velma S
Warranty Deed
related
—
Aug 31, 2004
—
C & D Tropical Store
Daniels,dexter H JR & Velma S
Grant Deed
related
—
May 13, 2004
$220,000
Dexter H Daniels
Forte,archie
Grant Deed
related
$700,000 · Centerstate Bank Of Florida
—
—
Archie Forte
—
Deed Of Trust
related
$133,000 · Upland Mortgage
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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