Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1615 Broadway Ave Bartow, FL 33830-3102

    • Auto shops
    • 2,252 SF
    • 0.74 lot acres
    OFF-MARKET
    Last Sale
    Mar 03, 2020
    $1,127,900
    Value Estimations
    $1,265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4624653
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Take 5 Oil Change / Oil Change Service

    Property Details for 1615 Broadway Ave

    Year built
    2001
    Lot size
    0.74 lot acres
    Property size
    2,252 SF
    Zone code
    C-3
    Property type
    Auto shops
    APN
    252931362500007060
    APU
    252931362500007060

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,355,000
      ML approach
      $1,365,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $987,000
      Market price range: $198k - $987k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bartow
    County
    Polk
    State
    Florida
    Longitude
    -81.8441
    Latitude
    27.9106
    CBSA code
    29460
    CBSA name
    LAKELAND, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,474
    $192,630
    $246,151
    $438,781
    -
    $192,630
    $246,151
    $438,781

    Comparable in this City

    • Value Estimation
      $1,045,000
      9,150 SF

      1475 Main St

      AUTO REPAIR, GARAGE • 9,150 SF
      1475 Main St, Bartow, FL 33830-4316
      View Details
    • Value Estimation
      $290,000
      2,372 SF

      690 Main St

      AUTO REPAIR, GARAGE • 2,372 SF
      690 Main St, Bartow, FL 33830-4802
      View Details
    • Value Estimation
      $230,000
      2,016 SF

      1790 Park Ave

      AUTO REPAIR, GARAGE • 2,016 SF
      1790 Park Ave, Bartow, FL 33830-3141
      View Details
    • Value Estimation
      $270,000
      3,200 SF

      295 1st Ave

      AUTO REPAIR, GARAGE • 3,200 SF
      295 1st Ave, Bartow, FL 33830-4934
      View Details
    • Value Estimation
      $105,000
      2,500 SF

      195 3rd Ave

      AUTO REPAIR, GARAGE • 2,500 SF
      195 3rd Ave, Bartow, FL 33830-4143
      View Details
    • Value Estimation
      $160,000
      2,400 SF

      990 Summerlin St

      AUTO REPAIR, GARAGE • 2,400 SF
      990 Summerlin St, Bartow, FL 33830-5009
      View Details

    Similar Nearby for Sale

    • $1,400,000
      1.71 Acres

      Commercial Land with Income Potential

      Prime commercial land with existing store and development potential.
      4670 Us Highway 17 N, Bartow, FL 33830
      View Details
    • $2,500,000
      5,348 SF

      Retail/Industrial Property in Bartow, FL

      Warehouse with showroom, office space, and secured yard in Bartow.
      115 Bill Helmuth Dr, Bartow, FL 33830
      View Details
    • $1,400,000
      7,280 SF

      High-Volume Grocery Store Investment Opportunity

      Income-producing property with development potential on 1.71 acres.
      4670 Us Highway 17 N, Bartow, FL 33830
      View Details
    • $418,000
      1,500 SF

      Visible Corner Retail Space Available

      Retail space with high visibility, parking, and owner financing.
      905 E Main St, Bartow, FL 33830
      View Details
    • $795,000

      Commercial Land at Signalized Intersection

      Commercial land for sale at a signalized intersection.
      7800 State Road 60 E, Bartow, FL 33830
      View Details
    • $2,500,000
      18,160 SF

      Bartow Office Building For Sale

      18,160 square foot office building in Bartow, Florida.
      315 S Central Ave, Bartow, FL 33830
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      5,815 SF

      Downtown Bartow Retail/Office Space

      5,800± SF building in downtown Bartow available August 2025.
      465-475 E Main St, Bartow, FL 33830
      View Details
    • Contact for pricing
      1,484 SF

      Retail Space in Bartow Center

      Retail space available in a busy Bartow shopping center.
      255 E Van Fleet Dr, Bartow, FL 33830
      View Details
    • Contact for pricing
      147,845 SF

      Bartow Plaza Retail Space For Lease

      Prime Bartow retail space, multiple units available.
      330 Van Fleet Dr, Bartow, FL 33830
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space in Bartow, Florida

      Retail space available in a busy shopping center.
      110-370 E Van Fleet Dr, Bartow, FL 33830
      View Details
    • $9 SF/Yr
      20,000 SF

      Versatile Industrial Space with Office

      Polk County flex space with warehouse and office components.
      1160 E Van Fleet Dr, Bartow, FL 33830
      View Details
    • $20 SF/Yr
      1,155 SF

      Professional Office Space Available

      Office spaces for rent in downtown Bartow, Florida.
      600 N Broadway Ave, Bartow, FL 33830
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1615 Broadway Ave
    Bartow, FL 33830-3102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.