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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Warehouses
2008 Olive St Lakeland, FL 33815-3814
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-8015848
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1980
Total area
3,570 SF
Lot
0.92 ac (40,171 SF)
APN
232823105500005010
UPID
US18-8015848
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
-
Lakeland Storage Annex Storage Facility
-
A Affordable Mini Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
$535k
Comparable Approach
Comparable
$574k
Blend (final)
Blend
$590k
Owner & transaction history
Sig Olive Annex LLC · 1 yrs held
Sig Olive Annex LLC
since 2024
Last sale
$589,700
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$920,000
+148.9%
Auto repair, garage
$885,000
+138.3%
Medical building
$875,000
+136.6%
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
$590,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
$580,000
6.5%
$535,000
7%
$495,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$370,000
Current use
COMMERCIAL (GENERAL)
$920,000
Change: +149% · Conversion: Difficult
AUTO REPAIR, GARAGE
$885,000
Change: +138% · Conversion: Easy
MEDICAL BUILDING
$875,000
Change: +137% · Conversion: Difficult
RETAIL STORES
$665,000
Change: +79% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$655,000
Change: +77% · Conversion: Moderate
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $590k (Aug 14 2024)
Last sale anchor
$590k
Aug 14 2024
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
$165 / 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
$7,046
Tax year 2023
Assessed value
$386,530
Assessed 2023
Previous assessed
$386,530
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$58,249
Assessed improvement
$328,281
Land market value
$58,249
Improvement market value
$328,281
Total market value
$386,530
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Heating
NONE
Buildings
5
Stories
1
Units
1
Total area
3,570 SF
Lot
0.92 ac (40,171 SF)
APN
232823105500005010
UPID
US18-8015848
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
WAREHOUSE, STORAGE Current
Est. value
$370,000
COMMERCIAL (GENERAL)
Est. value
$920,000
AUTO REPAIR, GARAGE
Est. value
$885,000
MEDICAL BUILDING
Est. value
$875,000
RETAIL STORES
Est. value
$665,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$655,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1980
Heating
NONE
Stories
1
Buildings
5
Units
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Sig Olive Annex LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5607 E GLENRIDGE DR STE #200, ATLANTA, GA 30342-7204
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2024
$589,700
Sig Olive Annex LLC
Lakeland Storage Annex LLC
Special Warranty Deed
—
Feb 7, 2022
$495,000
Lakeland Storage Annex LLC
Energy Wise Self Storage LLC
Warranty Deed
$437,500 · Casey Investments LLC
Dec 28, 2016
$365,000
Energy Wise Self Storage LLC
Move Today Self Storage LLC
Warranty Deed
$349,000 · First Bk Fin'l Ctr
Oct 12, 2015
$125,000
Move Today Self Storage LLC
Stanley Props Of Ctrl Florida INC
Warranty Deed
—
Jan 28, 2009
$302,500
Stanley Props Of Ctrl Florida INC
Couch Theodore J Trust
Grant Deed
—
Jan 6, 2009
$302,500
Stanley Props Of Ctrl Props INC
Couch Theodore J Trust
Grant Deed
—
Oct 22, 2008
$347,900
Couch Theodore J Trust
A Affordable Rentals Storage
Warranty Deed
—
Apr 9, 2007
$250,000
A Affordable Rentals Storage
Otis PC Psp
Warranty Deed
$350,000 · Couch Theodore J Trust (tr)
Feb 8, 2005
$210,500
Otis PC Psp Of Trust
Demirhan,atilla
Warranty Deed
—
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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