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Property profile & analytics
OFF-MARKET
Estimated value
$66,365,000
Outlet malls
1920 Airport Rd Lakeland, FL 33811-1004
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6334510
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2012
Total area
311,625 SF
Lot
43.97 ac (1,915,290 SF)
APN
232828000000014050
UPID
US18-6334510
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
-
SE Independent Delivery Services, Inc. Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$89.28M
Blend (final)
Blend
$66.37M
Owner & transaction history
Rtg Furniture Corp · 17 yrs held
Rtg Furniture Corp
since 2008
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$88.1M
+52.1%
Commercial (general)
$80.5M
+38.9%
Auto repair, garage
$77.1M
+33.0%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$57,960,000
Current use
OFFICE BUILDING
$88,135,000
Change: +52% · Conversion: Easy
COMMERCIAL (GENERAL)
$80,510,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$77,095,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$76,535,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$57,110,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$66.37M
Range $59.73M – $73.00M · ±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
$213 / 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
$681,988
Tax year 2023
Assessed value
$44,496,090
Assessed 2023
Previous assessed
$46,838,660
-5.0% YoY
Effective rate
1.53%
On assessed value
Total market value
$44,496,090
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2012
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
311,625 SF
Lot
43.97 ac (1,915,290 SF)
APN
232828000000014050
UPID
US18-6334510
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
RETAIL STORES Current
Est. value
$58.0M
OFFICE BUILDING
Est. value
$88.1M
COMMERCIAL (GENERAL)
Est. value
$80.5M
AUTO REPAIR, GARAGE
Est. value
$77.1M
MEDICAL BUILDING
Est. value
$76.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$57.1M
RETAIL STORES Current
OFFICE BUILDING
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
2012
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
43.97 ac
Current owner
From public records · entity-resolved
Rtg Furniture Corp
Entity
Free & Clear · 17 yrs held
Mailing address
40 NE LOOP 410TH STE #607, SAN ANTONIO, TX 78216-5883
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2008
$961,775
Rtg Furniture Corp
Ledoux,nan T
Grant Deed
—
Apr 17, 2008
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Oct 31, 2006
—
Nan T Ledoux
Tanner,jerry F
Quit Claim Deed
related
—
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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