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Property profile & analytics
OFF-MARKET
Drive through restaurants
1520 Broadway Ave Bartow, FL 33830-3316
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-4417672
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1976
Total area
2,346 SF
Lot
0.68 ac (29,447 SF)
Zoning code
C-3
APN
252931362500003041
UPID
US18-4417672
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
-
Wendy's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wen Lake Hospitality LLC · 1 yrs held
Wen Lake Hospitality LLC
since 2024
5 recorded transactions
Zoning & alternative use
C-3 · Bartow, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C-3 highway business district is intended to apply to arterial streets and traffic ways where business establishments primarily not of a neighborhood or community service type, may properly be located to serve large sections of the city. Such businesses generally require considerable ground area, do not cater directly to pedestrians and need a conspicuou…
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
291.09 ac
Source
Realmo
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 Bartow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bartow 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,871
Tax year 2023
Assessed value
$578,293
Assessed 2023
Previous assessed
$582,669
-0.8% YoY
Effective rate
2.05%
On assessed value
Assessed land
$272,366
Assessed improvement
$305,927
Land market value
$272,366
Improvement market value
$305,927
Total market value
$578,293
Applied tax rate
90,310.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1976
Heating
NONE
Stories
1
Units
1
Total area
2,346 SF
Lot
0.68 ac (29,447 SF)
Zoning code
C-3
APN
252931362500003041
UPID
US18-4417672
Jurisdiction
POLK
Zoning & alternative use
C-3 · Bartow, FLZoning C-3 · permitted uses
C-3 · Bartow, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C-3 highway business district is intended to apply to arterial streets and traffic ways where business establishments primarily not of a neighborhood or community service type, may properly be located to serve large sections of the city. Such businesses generally require considerable ground area, do not cater directly to pedestrians and need a conspicuous and accessible location convenient for motorists.
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
291.09 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Stories
1
Units
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Wen Lake Hospitality LLC
Entity
Mailing address
2240 S GRIFFIN RD APT 17A2, LAKELAND, FL 33810-5565
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
—
Wen Lake Hospitality LLC
Nancy K Mattos
Lease
—
Jul 22, 2024
$2,750,000
Nancy K Mattos
Wen Lake Corporation
Warranty Deed
—
Dec 17, 2018
—
Wen-lake Corp
—
Grant Deed
related
$42,800,000 · Cit Bk NA
May 30, 2001
$450,000
Wen-lake Corp
Raf95b LLC
Grant Deed
$484,000 · Suntrust Bank NA
—
—
Wen-lake Corp
—
Deed Of Trust
related
$445,000 · Wachovia Bank NA
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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