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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Warehouses
1505 State Rd 37th S Mulberry, FL 33860-8901
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4628488
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2009
Total area
5,250 SF
Lot
2.97 ac (129,199 SF)
Zoning code
C-3
APN
233012000000044070
UPID
US18-4628488
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
$440k
CAP Approach
CAP
$785k
Comparable Approach
Comparable
$507k
Blend (final)
Blend
$695k
Owner & transaction history
Adena Cim Fabricators LLC · 6 yrs held
Adena Cim Fabricators LLC
since 2019
5 recorded transactions
Zoning & alternative use
C-3 · Mulberry, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$960,000
+47.3%
Retail stores
$815,000
+24.9%
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 Mulberry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mulberry 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
by Request
ML approach
$440,000
CAP Approach
CAP Return
Estimation
6%
$850,000
6.5%
$785,000
7%
$730,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$655,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$960,000
Change: +47% · Conversion: Moderate
RETAIL STORES
$815,000
Change: +25% · Conversion: Moderate
Blend value · Realmo final
$695k
Range $626k – $765k · ±10%
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
$132 / 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
$20,227
Tax year 2023
Assessed value
$1,458,894
Assessed 2023
Previous assessed
$1,417,110
+2.9% YoY
Effective rate
1.39%
On assessed value
Assessed land
$167,972
Assessed improvement
$1,290,922
Land market value
$167,972
Improvement market value
$1,290,922
Total market value
$1,458,894
Applied tax rate
91,000.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Heating
NONE
Buildings
4
Stories
1
Units
1
Total area
5,250 SF
Lot
2.97 ac (129,199 SF)
Zoning code
C-3
APN
233012000000044070
UPID
US18-4628488
Jurisdiction
POLK
Zoning & alternative use
C-3 · Mulberry, FL
Zoning C-3 · permitted uses
C-3 · Mulberry, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mulberry. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$655,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$960,000
RETAIL STORES
Est. value
$815,000
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2009
Heating
NONE
Stories
1
Buildings
4
Units
1
Lot
2.97 ac
Current owner
From public records · entity-resolved
Adena Cim Fabricators LLC
Entity
Mailing address
1310 W 4TH ST, ONTARIO, OH 44906-1828
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2019
$1,500,000
Adena Cim Fabricators LLC
Certified Indl Maint Welding
Warranty Deed
$3,000,000 · Certified Ind'l Maint Welding
Nov 4, 2019
$100
Certified Indl Maint Welding
Certified Indl Maint Welding
Correction Deed
related
—
Mar 2, 2007
$54,200
Indl Maintenance We Certified
Gonsalves,dhanpersaud & Inderdai
Warranty Deed
$54,200 · Platinum Bank
Apr 19, 2004
$28,000
Dhanparsaud Gonsalvez
Wright,o H
Grant Deed
—
Nov 13, 1997
$5,600
O H Wright
Polk County Tax Deed Clerk
Grant Deed
—
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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