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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Turn key restaurants
1651 Us Hwy 17th 92 Lake Alfred, FL 33850-3173
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-3015483
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1959
Total area
8,496 SF
Lot
5.97 ac (260,097 SF)
Zoning code
C-3
APN
262727490100000507
UPID
US18-3015483
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$798k
Blend (final)
Blend
$795k
Owner & transaction history
Event Place At Lake Alfred LLC · 8 yrs held
Event Place At Lake Alfred LLC
since 2018
5 recorded transactions
Zoning & alternative use
C-3 · Lake Alfred, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Lake Alfred submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Alfred 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
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$94 / 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
$4,770
Tax year 2023
Assessed value
$244,406
Assessed 2023
Previous assessed
$252,949
-3.4% YoY
Effective rate
1.95%
On assessed value
Assessed land
$121,839
Assessed improvement
$122,567
Land market value
$121,839
Improvement market value
$122,567
Total market value
$244,406
Applied tax rate
92,440.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1959
Heating
NONE
Stories
1
Units
1
Bathrooms
2
Total area
8,496 SF
Lot
5.97 ac (260,097 SF)
Zoning code
C-3
APN
262727490100000507
UPID
US18-3015483
Jurisdiction
POLK
Zoning & alternative use
C-3 · Lake Alfred, FL
Zoning C-3 · permitted uses
C-3 · Lake Alfred, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Alfred. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1959
Heating
NONE
Stories
1
Units
1
Bathrooms
2
Lot
5.97 ac
Current owner
From public records · entity-resolved
Event Place At Lake Alfred LLC
Entity
Free & Clear · 8 yrs held
Mailing address
2212 S CHICKASAW TRL, ORLANDO, FL 32825-8414
Ownership since
2018
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
Jul 10, 2018
$275,000
Event Place At Lake Alfred LLC
Dr Ws INC
Warranty Deed
—
Mar 21, 2006
—
Dr Ws INC
—
Trustees Deed
related
$220,000 · Centerstate Bank Of Florida
Jun 10, 2005
$650,000
Dr Ws INC
Jabur,razak
Warranty Deed
$450,000 · Razak Jabur
Sep 14, 2004
—
Razak Jabur
Trader Jacks Lakeside INC C
Trustees Deed
related
—
Apr 12, 2001
$250,000
Trader Jacks Lakeside INC
Dixon,andrew
Grant Deed
—
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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