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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Office buildings
2001 40th NW St, Winter Haven, FL 33881-3605
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-1435490
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2017
Total area
2,988 SF
Lot
0.3 ac (13,242 SF)
Zoning code
C-3
APN
252813000000043030
UPID
US18-1435490
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
$500k
CAP Approach
CAP
$600k
Comparable Approach
Comparable
$789k
Blend (final)
Blend
$635k
Owner & transaction history
42nd Street Properties Of Polk LLC · 2 yrs held
42nd Street Properties Of Polk LLC
since 2024
3 recorded transactions
Zoning & alternative use
C-3 · Winter Haven, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Winter Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winter Haven 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
$500,000
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$600,000
7%
$560,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$800,000
Current use
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$5,525
Tax year 2023
Assessed value
$351,540
Assessed 2023
Previous assessed
$322,621
+9.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$39,723
Assessed improvement
$311,817
Land market value
$39,723
Improvement market value
$311,817
Total market value
$351,540
Applied tax rate
90,000.0000
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
2017
Heating
NONE
Stories
2
Units
1
Bathrooms
1
Total area
2,988 SF
Lot
0.3 ac (13,242 SF)
Zoning code
C-3
APN
252813000000043030
UPID
US18-1435490
Jurisdiction
POLK
Zoning & alternative use
C-3 · Winter Haven, FL
Zoning C-3 · permitted uses
C-3 · Winter Haven, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Winter Haven. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$800,000
OFFICE BUILDING Current
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
2017
Heating
NONE
Stories
2
Units
1
Bathrooms
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
42nd Street Properties Of Polk LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5823 COVEVIEW DR E, LAKELAND, FL 33813-4812
Ownership since
2024
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
Jan 9, 2024
—
42nd Street Properties Of Polk LLC
Stewart Auto Repair INC
Warranty Deed
—
Nov 13, 2008
—
Stewart Auto Repair INC
Stewart,david C & Donna J
Quit Claim Deed
related
$249,163 · Centerstate Bank Of Florida
Aug 16, 1999
$40,000
David C Stewart
Silver,ben G
Grant Deed
$30,000 · Seller
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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