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Property profile & analytics
OFF-MARKET
Estimated value
$5,495,000
Assisted living facilities
1919 Lakeland Hls Blvd Lakeland, FL 33805-2901
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-1164382
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1977
Total area
63,118 SF
Lot
5.45 ac (237,489 SF)
Zoning code
O-1
APN
242806000000042010
UPID
US18-1164382
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
by Request
Blend (final)
Blend
$5.50M
Owner & transaction history
Lakeland Nursing And Rehab Opco LLC · 1 yrs held
Lakeland Nursing And Rehab Opco LLC
since 2025
7 recorded transactions
Zoning & alternative use
O-1 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$8.2M
+5.5%
Restaurant
$8.1M
+3.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$7,800,000
Current use
INDUSTRIAL (GENERAL)
$8,230,000
Change: +6% · Conversion: Difficult
RESTAURANT
$8,090,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$7,640,000
Change: -2% · Conversion: Difficult
MEDICAL BUILDING
$6,755,000
Change: -13% · Conversion: Difficult
RETAIL STORES
$6,720,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$5.50M
Range $4.95M – $6.04M · ±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
$87 / 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
$267,411
Tax year 2023
Assessed value
$14,668,916
Assessed 2023
Previous assessed
$14,962,898
-2.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$1,187,500
Assessed improvement
$13,481,416
Land market value
$1,187,500
Improvement market value
$13,481,416
Total market value
$14,668,916
Applied tax rate
91,510.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1977
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
63,118 SF
Lot
5.45 ac (237,489 SF)
Zoning code
O-1
APN
242806000000042010
UPID
US18-1164382
Jurisdiction
POLK
Zoning & alternative use
O-1 · Lakeland, FL
Zoning O-1 · permitted uses
O-1 · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$7.8M
INDUSTRIAL (GENERAL)
Est. value
$8.2M
RESTAURANT
Est. value
$8.1M
OFFICE BUILDING
Est. value
$7.6M
MEDICAL BUILDING
Est. value
$6.8M
RETAIL STORES
Est. value
$6.7M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
INDUSTRIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
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
1977
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
5.45 ac
Current owner
From public records · entity-resolved
Lakeland Nursing And Rehab Opco LLC
Entity
Free & Clear · 1 yrs held
Mailing address
22 HERRICK DR, LAWRENCE, NY 11559-1528
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2025
—
Lakeland Nursing And Rehab Opco LLC
Vintage 3 Propco LLC
Deed
related
—
Jan 10, 2025
—
Vintage 3 Propco LLC
Clewiston Nursing And Rehab Propco
Deed
—
Jan 10, 2025
$27,700,000
Lakeland Nursing And Rehab Propco L
Lakeland Care Realty LLC
Special Warranty Deed
—
Nov 17, 2017
$24,050,000
Lakeland Care Realty LLC
Lakeland Nursing Realty LLC
Grant Deed
related
$4,500,000 · Oxford Fin
Apr 6, 2016
$15,000,000
Lakeland Nursing Realty LLC
29-31 Florida LLC
Trustees Deed
$35,000,000 · Pacific Wstrn Bk
Nov 20, 2006
$12,500,000
Nae Florida LLC
Chc-lakeland Tenant LLC
Grant Deed
—
Nov 20, 2006
$1,775,000
Nae Florida LLC
Chc-lake LLC
Grant Deed
$6,000,000 · Fw Consulting Corp
Dec 2, 2004
$10,792,500
Chc-lake LLC
Lakeland Hills Properties LLC
Trustees Deed
related
$17,500,000 · Column Financial INC
Dec 2, 2004
$639,800
Chc-lake LLC
Lakeland Hills Properties LLC
Grant Deed
related
—
Nov 6, 2002
$6,000,000
Lakeland Hills Properties LLC
Nationwide Health Properties
Grant Deed
$7,051,000 · Nationwide Health Properties
—
—
Nae Fl Palm LLC
—
Deed Of Trust
related
$17,000,000 · Privatebank & Trust
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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