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Property profile & analytics
OFF-MARKET
Estimated value
$11,600,000
Office buildings
1915 Floral Ave Bartow, FL 33830-7124
Entity Owned
21-yr Hold
Free & Clear
Property ID
US18-1039047
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Total area
58,518 SF
Lot
14.36 ac (625,522 SF)
APN
253018000000011020
UPID
US18-1039047
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
-
Polk County Public Schools District Office School District Office
-
Polk School Opportunity Center High School
-
Middle School Bb High School
-
Streeter-Mills Elementary High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.80M
Comparable Approach
Comparable
$14.13M
Blend (final)
Blend
$11.60M
Owner & transaction history
SCHOOL BOARD POLK COUNTY ADMINISTR
SCHOOL BOARD POLK COUNTY ADMINISTR
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$18.1M
+28.9%
Commercial (general)
$16.6M
+18.0%
Auto repair, garage
$14.2M
+1.4%
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 Bartow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bartow 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%
$12,780,000
6.5%
$11,795,000
7%
$10,955,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$14,045,000
Current use
MEDICAL BUILDING
$18,105,000
Change: +29% · Conversion: Easy
COMMERCIAL (GENERAL)
$16,580,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$14,245,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$11.60M
Range $10.44M – $12.76M · ±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
$198 / 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
Assessed value
$6,135,766
Assessed 2023
Previous assessed
$5,735,017
+7.0% YoY
Assessed land
$125,107
Assessed improvement
$6,010,659
Land market value
$125,107
Improvement market value
$6,010,659
Total market value
$6,135,766
Applied tax rate
90,310.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Heating
NONE
Buildings
19
Stories
1
Units
1
Total area
58,518 SF
Lot
14.36 ac (625,522 SF)
APN
253018000000011020
UPID
US18-1039047
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$14.0M
MEDICAL BUILDING
Est. value
$18.1M
COMMERCIAL (GENERAL)
Est. value
$16.6M
AUTO REPAIR, GARAGE
Est. value
$14.2M
OFFICE BUILDING Current
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
1981
Heating
NONE
Stories
1
Buildings
19
Units
1
Lot
14.36 ac
Current owner
From public records · entity-resolved
SCHOOL BOARD POLK COUNTY ADMINISTR
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 391, BARTOW, FL 33831-0391
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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