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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Retail space
1625 Shepherd Rd Lakeland, FL 33811-2122
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4407303
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Total area
7,396 SF
Lot
2.27 ac (98,968 SF)
Zoning code
XX
APN
232923000000042030
UPID
US18-4407303
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
-
Egg Station Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.22M
Owner & transaction history
Shepherd Road Plaza LLC · 21 yrs held
Shepherd Road Plaza LLC
since 2004
6 recorded transactions
Zoning & alternative use
XX · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+38.9%
Auto repair, garage
$1.8M
+33.0%
Medical building
$1.8M
+32.0%
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%
$1,385,000
6.5%
$1,280,000
7%
$1,185,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,375,000
Current use
COMMERCIAL (GENERAL)
$1,910,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,830,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$1,815,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,355,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±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
$164 / 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
$19,703
Tax year 2023
Assessed value
$1,501,925
Assessed 2023
Previous assessed
$1,473,989
+1.9% YoY
Effective rate
1.31%
On assessed value
Assessed land
$320,870
Assessed improvement
$1,181,055
Land market value
$320,870
Improvement market value
$1,181,055
Total market value
$1,501,925
Applied tax rate
90,000.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2005
Heating
NONE
Stories
1
Units
1
Total area
7,396 SF
Lot
2.27 ac (98,968 SF)
Zoning code
XX
APN
232923000000042030
UPID
US18-4407303
Jurisdiction
POLK
Zoning & alternative use
XX · Lakeland, FL
Zoning XX · permitted uses
XX · 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
RETAIL STORES Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL 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
2005
Heating
NONE
Stories
1
Units
1
Lot
2.27 ac
Current owner
From public records · entity-resolved
Shepherd Road Plaza LLC
Entity
Mailing address
3318 BARLEY LN, LAKELAND, FL 33803-5994
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2018
—
Shepherd Road Plaza LLC
—
Deed
related
$1,271,981 · Bank Of Ctrl Fl
Nov 14, 2006
—
Shepherd Road Plaza LLC
—
Trustees Deed
related
$605,000 · Suntrust Bank NA
Dec 8, 2004
$440,000
Shepherd Road Plaza LLC
Burris,malcolm B
Warranty Deed
$620,000 · Suntrust Bank NA
Apr 3, 1998
$132,000
Burris Trust
Harper Enterprises INC
Grant Deed
—
—
—
Shepherd Road Plaza LLC
—
Deed Of Trust
related
$1,271,981 · Bank Of Central Florida
—
—
Shepherd Road Plaza LLC
—
Loan Modification
related
$1,271,981 · Bank Of Ctrl Fl
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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