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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Motels
1539 Memorial Blvd Lakeland, FL 33801-2222
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-0878919
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1973
Total area
7,391 SF
Lot
0.8 ac (34,835 SF)
Zoning code
C-1
APN
242817193000014010
UPID
US18-0878919
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
-
Lakeview motel Hotel & Motel
-
Botanica Saint Francis Religious Bookstore
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.25M
Owner & transaction history
Rk Lakeland LLC · 10 yrs held
Rk Lakeland LLC
since 2016
7 recorded transactions
Zoning & alternative use
C-1 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+9.4%
Medical building
$1.8M
+8.6%
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 Lakeland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakeland 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,670,000
Current use
AUTO REPAIR, GARAGE
$1,830,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$1,815,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$1,585,000
Change: -5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,355,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±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
$168 / 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
$16,702
Tax year 2023
Assessed value
$916,215
Assessed 2023
Previous assessed
$899,463
+1.9% YoY
Effective rate
1.82%
On assessed value
Assessed land
$99,194
Assessed improvement
$817,021
Land market value
$99,194
Improvement market value
$817,021
Total market value
$916,215
Applied tax rate
91,510.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1973
Heating
NONE
Buildings
2
Stories
2
Units
1
Bathrooms
1
Total area
7,391 SF
Lot
0.8 ac (34,835 SF)
Zoning code
C-1
APN
242817193000014010
UPID
US18-0878919
Jurisdiction
POLK
Zoning & alternative use
C-1 · Lakeland, FL
Zoning C-1 · permitted uses
C-1 · Lakeland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakeland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1973
Heating
NONE
Stories
2
Buildings
2
Units
1
Bathrooms
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Rk Lakeland LLC
Entity
Mailing address
1539 E MEMORIAL BLVD, LAKELAND, FL 33801-2222
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2016
$1,150,000
Rk Lakeland LLC
Om Jayram LLC
Grant Deed
$575,000 · Jefferson Bk/fl
Aug 13, 2014
$925,000
Om Jayram LLC
Lakeview Apts LLC
Warranty Deed
$503,000 · Jefferson Bk/fl
Oct 3, 2013
$291,000
Lakeview Apts LLC
Wc Equity Group LLC
Warranty Deed
—
Sep 25, 2013
$265,000
Wc Equity Group LLC
Bayview Ln Svcg LLC
Grant Deed
related
—
Aug 14, 2013
$260,000
Bayview Ln Svcg LLC
Lakeview Rentals LLC
Grant Deed
—
Oct 2, 2009
$524,700
Lakeview Rentals LLC
Hill Housing INC
Warranty Deed
—
Mar 22, 2006
$1,200,000
Hill Housing INC
Pema Motel Management INC
Warranty Deed
—
Jun 14, 2001
$1,150,000
Pema Motel Management INC
Salina Motels INC
Grant Deed
$650,000 · Fidelity Bank Florida
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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