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    Property profile & analytics

    1795 Berkley Rd Auburndale, FL 33823-8316

    • Grocery and convenience stores
    • 3,914 SF
    • 1.69 lot acres
    OFF-MARKET
    Last Sale
    Jul 28, 2022
    $603,000
    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    7.4%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US18-5132985
    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

    • Krispy Krunchy Chicken / Restaurant
    • Shell / Gas Station
    • Michael's fresh produce / Food Market / Farmer's Market
    • Sub Zero H.V.A.C Systems Heating & Cooling / Hardware & Home Improvement / HVAC Service

    Property Details for 1795 Berkley Rd

    Year built
    1988
    Lot size
    1.69 lot acres
    Property size
    3,914 SF
    Zone code
    COM
    Property type
    Grocery and convenience stores
    APN
    252804000000031040
    APU
    252804000000031040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $690,000
      ML approach
      $715,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $850,000
      6.5%
      $785,000
      7%
      $725,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $583,000
      Market price range: $351k - $810k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $715,000
      Current use
      AUTO REPAIR, GARAGE
      $955,000
      Change: +33% Conversion: Difficult
      OFFICE BUILDING
      $860,000
      Change: +20% Conversion: Moderate
      RETAIL STORES
      $795,000
      Change: +11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburndale
    County
    Polk
    State
    Florida
    Longitude
    -81.8182
    Latitude
    28.0839
    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
    $6,307
    $221,202
    $137,758
    $358,960
    -
    $221,202
    $137,758
    $358,960

    Comparable in this City

    • Value Estimation by Request
      1,708 SF

      123 Magnolia Ave

      CONVENIENCE STORE • 1,708 SF
      123 Magnolia Ave, Auburndale, FL 33823-4201
      View Details
    • Value Estimation
      $600,000
      2,900 SF

      5129 Recker Hwy

      CONVENIENCE STORE • 2,900 SF
      5129 Recker Hwy, Auburndale, FL 33823
      View Details
    • Value Estimation by Request
      430 SF

      113 Bridgers Ave

      CONVENIENCE STORE • 430 SF
      113 Bridgers Ave, Auburndale, FL 33823-3512
      View Details
    • Value Estimation
      $1,030,000
      3,200 SF

      2581 Sun Acres Blvd

      CONVENIENCE STORE • 3,200 SF
      2581 Sun Acres Blvd, Auburndale, FL 33823-4829
      View Details
    • Value Estimation by Request
      2,400 SF

      605 Charlotte Rd

      CONVENIENCE STORE • 2,400 SF
      605 Charlotte Rd, Auburndale, FL 33823-4539
      View Details
    • Value Estimation by Request
      2,400 SF

      229 Dairy Rd

      CONVENIENCE STORE • 2,400 SF
      229 Dairy Rd, Auburndale, FL 33823-3604
      View Details

    Similar Nearby for Sale

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      Prime Auburndale Retail Space

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    • Contact for pricing
      9,476 SF

      Auburndale Retail Storefront Opportunity

      9,476 SF Freestanding Retail Building
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    • $1,290,000
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      Multifamily and Commercial Mixed-Use Property

      Two-story mixed-use property with 17 residential units and 4 storefronts.
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      Auburndale Retail Opportunity For Sale

      Retail property with drive-through, take-out, and open space.
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    • New
      $174,900
      792 SF

      Downtown Auburndale Mixed-Use Opportunity

      Charming mixed-use property in downtown Auburndale, zoned CBD.
      309 Center St, Auburndale, FL 33823
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    Similar Nearby for Lease

    • Contact for pricing
      2,560 SF

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      1,920 SF retail space with ample parking and high visibility.
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      View Details
    • $1,946,417

      Auburndale Verizon Wireless Store

      Verizon Wireless store in Auburndale, Florida with lease options.
      2143 Us Highway 92 W, Auburndale, FL 33823
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    • Contact for pricing
      9,476 SF

      Auburndale Retail Building For Sale

      9,476 SF Freestanding Retail Space in Auburndale, FL
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    • Contact for pricing
      106,437 SF

      Auburndale Industrial Warehouse

      106,437 SF Warehouse, 15.74 Acres
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      View Details
    • Contact for pricing

      Auburndale Warehouse with Cold Storage

      Warehouse with cold storage, freezer, office, and truck parking.
      Bridgers Ave W, Auburndale, FL 33823
      View Details
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    Auburndale, FL 33823-8316
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    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
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