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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Manufacturing properties
1605 Lockhart Ave Haines City, FL 33844-6601
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-8589320
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1994
Total area
1,458 SF
Lot
0.26 ac (11,448 SF)
Zoning code
ILW
APN
272721756500001100
UPID
US18-8589320
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
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$540k
Owner & transaction history
The Family Mall LLC · 1 yrs held
The Family Mall LLC
since 2024
Last sale
$540,000
7 recorded transactions
Zoning & alternative use
ILW · Haines City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$475,000
+110.2%
Medical building
$450,000
+100.1%
Commercial (general)
$415,000
+83.2%
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 Haines City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Haines City 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
$540,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$475,000
Change: +110% · Conversion: Difficult
MEDICAL BUILDING
$450,000
Change: +100% · Conversion: Difficult
COMMERCIAL (GENERAL)
$415,000
Change: +83% · Conversion: Difficult
AUTO REPAIR, GARAGE
$355,000
Change: +57% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $540k (Sep 10 2024)
Last sale anchor
$540k
Sep 10 2024
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
$370 / 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
$1,298
Tax year 2023
Assessed value
$52,391
Assessed 2023
Previous assessed
$52,391
+0.0% YoY
Effective rate
2.48%
On assessed value
Assessed land
$8,587
Assessed improvement
$43,804
Land market value
$8,587
Improvement market value
$43,804
Total market value
$52,391
Applied tax rate
90,420.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1994
Heating
NONE
Stories
1
Units
1
Total area
1,458 SF
Lot
0.26 ac (11,448 SF)
Zoning code
ILW
APN
272721756500001100
UPID
US18-8589320
Jurisdiction
POLK
Zoning & alternative use
ILW · Haines City, FL
Zoning ILW · permitted uses
ILW · Haines City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Haines City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$475,000
MEDICAL BUILDING
Est. value
$450,000
COMMERCIAL (GENERAL)
Est. value
$415,000
AUTO REPAIR, GARAGE
Est. value
$355,000
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1994
Heating
NONE
Stories
1
Units
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
The Family Mall LLC
Entity
Mailing address
1503 OAK MARSH LOOP, DAVENPORT, FL 33837-3685
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2024
$540,000
The Family Mall LLC
Casino Realty LLC
Warranty Deed
$432,000 · Fairwinds Cu
Nov 1, 2018
$100
Casino Realty LLC
Mulholland,robert
Warranty Deed
related
—
May 7, 2013
$98,000
Robert Mulholland
Us Bank NA Series 2006-1
Quit Claim Deed
related
—
May 15, 2012
—
Us Bank NA 2006-1
Manati Auto Sales & Coc
Trustees Deed
related
—
Feb 8, 2006
$349,000
Manati Auto Sales & Export INC
Costales,alex
Warranty Deed
$296,650 · Lehman Brothers Bank Fsb
Apr 8, 2004
$165,000
Alex Costales
Crespo,marcelino & Gloria M
Grant Deed
$105,000 · Marcelino & Gloria M Crespo
Sep 7, 1999
$135,000
Marcelino Crespo
Sanchez,ignacio
Grant Deed
$85,000 · Seller
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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