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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1929 5th NW St Winter Haven, FL 33881-2181

    • Warehouses
    • 8,928 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimations
    $1,730,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8834574
    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

    • Mechanical Refrigeration Inc / Home Appliance Store

    Property Details for 1929 5th NW St

    Year built
    1960
    Lot size
    0.69 lot acres
    Property size
    8,928 SF
    Zone code
    ILS
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    262817545000000310
    APU
    262817545000000310

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,728,000
      Market price range: $823k - $1.73M
      AI Estimate
      $1,728,000
      Market price range: $788k - $1.73M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,315,000
      Current use
      OFFICE BUILDING
      $2,390,000
      Change: +82% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,900,000
      Change: +44% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,635,000
      Change: +24% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $1,630,000
      Change: +24% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Winter Haven
    County
    Polk
    State
    Florida
    Longitude
    -81.7317
    Latitude
    28.0428
    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
    $6,952
    $0.00
    $0.00
    $1,091,532
    -
    $0.00
    $0.00
    $1,091,532

    Comparable in this City

    • Value Estimation by Request
      900 SF

      1334 Fairfax NE St

      MINI-WAREHOUSE, STORAGE • 900 SF
      1334 Fairfax NE St, Winter Haven, FL 33881-2505
      View Details
    • Value Estimation
      $2,460,000
      18,400 SF

      4217 Hammond Dr

      MINI-WAREHOUSE, STORAGE • 18,400 SF
      4217 Hammond Dr, Winter Haven, FL 33881-9702
      View Details
    • Value Estimation
      $940,000
      8,000 SF

      1350 42nd NW St

      MINI-WAREHOUSE, STORAGE • 8,000 SF
      1350 42nd NW St, Winter Haven, FL 33881-1944
      View Details
    • Value Estimation by Request
      1,800 SF

      2629 Ave V NW V

      MINI-WAREHOUSE, STORAGE • 1,800 SF
      2629 Ave V NW V, Winter Haven, FL 33881
      View Details
    • Value Estimation
      $2,110,000
      11,000 SF

      4202 Hammond Dr

      MINI-WAREHOUSE, STORAGE • 11,000 SF
      4202 Hammond Dr, Winter Haven, FL 33881-9701
      View Details
    • Value Estimation
      $525,000
      6,000 SF

      23rd NW St

      MINI-WAREHOUSE, STORAGE • 6,000 SF
      23rd NW St, Winter Haven, FL 33881
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Winter Haven Warehouse with Yard

      51,250 SF warehouse on 4.15 AC in Winter Haven.
      701 42Nd St NW, Winter Haven, FL 33881
      View Details
    • Contact for pricing

      Polk County Warehouse Space Available

      Warehouse space for storage, manufacturing, and distribution, near I-4.
      2200 3Rd St NW, Winter Haven, FL 33881
      View Details
    • $2,949,500
      14,413 SF

      Winter Haven Flex Space Investment

      14,413 SF Flex Space, 100% Occupied
      2701 Havendale Blvd, Winter Haven, FL 33881
      View Details
    • $50,000
      0.13 Acres

      Residential Land in Winter Haven

      Land near schools, shopping, and downtown Winter Haven.
      1304 Salisbury Dr, Winter Haven, FL 33881
      View Details
    • $1,300,000
      6.80 Acres

      Land with Lake Frontage Potential

      6.8 acres with lake frontage, development potential.
      1701 42Nd St NW, Winter Haven, FL 33881
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    • $275,000

      Established Business Opportunity, Real Estate Included

      Operating business for over 20 years with real estate included.
      2106 1St St N, Winter Haven, FL 33881
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      19,800 SF

      Winter Haven Warehouse Space Available

      19,800 SF warehouse with office, dock, and ramp.
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    • Contact for pricing
      194,082 SF

      Haven Industrial Center: Winter Haven, FL

      Industrial park, 194,082 SF, 22.57 acres
      2200 3Rd St, Winter Haven, FL 33881
      View Details
    • $14 SF/Yr
      10,100 SF

      Winter Haven Industrial Warehouse Space

      Flexible Warehouse Space, 2 Buildings
      3408 Avenue W, Winter Haven, FL 33881
      View Details
    • Contact for pricing
      7,264 SF

      Winter Haven Data Center Space

      Purpose-built data center space in Winter Haven, Florida.
      200 Avenue B NW, Winter Haven, FL 33881
      View Details
    • Contact for pricing
      250,034 SF

      Prime Winter Haven Industrial Land

      5.74 Acres, I-1 Zoning, High Traffic
      511 M.l.k. Blvd, Winter Haven, FL 33881
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space in Winter Haven

      Retail space available in Winter Haven's Bowen Yard Loop.
      419 SW 5Th St, Winter Haven, FL 33881
      View Details
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    Winter Haven, FL 33881-2181
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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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