Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,275,000
Strip malls
2020 Combee Rd Lakeland, FL 33801-8054
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3707782
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Total area
8,250 SF
Lot
1.15 ac (50,007 SF)
Zoning code
C4GI
APN
242827000000043003
UPID
US18-3707782
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
-
Advantage Printwear (Bike/Boat/Book/etc) Store Printing Service
-
Total Perfection Hair Salon Hair Salon
-
Branko Janitorial Supply Inc General Contractor
-
On Demand Industrial Supplies Factory Industrial Manufacturer
-
Treasury Rentals Party Supply Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.65M
Comparable Approach
Comparable
$2.15M
Blend (final)
Blend
$2.28M
Owner & transaction history
2020 Combee Road South LLC · 1 yrs held
2020 Combee Road South LLC
since 2024
Last sale
$2.7M
4 recorded transactions
Zoning & alternative use
C4GI · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+35.0%
Medical building
$2.0M
+34.0%
Office building
$1.8M
+17.1%
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%
$1,790,000
6.5%
$1,650,000
7%
$1,530,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,510,000
Current use
AUTO REPAIR, GARAGE
$2,040,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$2,025,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$1,770,000
Change: +17% · Conversion: Moderate
RETAIL STORES
$1,435,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$2.28M
Range $2.05M – $2.50M · ±10% · vs last sale $2.65M (Sep 6 2024)
Last sale anchor
$2.65M
Sep 6 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
$276 / 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
$13,817
Tax year 2023
Assessed value
$826,116
Assessed 2023
Previous assessed
$833,326
-0.9% YoY
Effective rate
1.67%
On assessed value
Assessed land
$112,500
Assessed improvement
$713,616
Land market value
$112,500
Improvement market value
$713,616
Total market value
$826,116
Applied tax rate
91,000.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
8,250 SF
Lot
1.15 ac (50,007 SF)
Zoning code
C4GI
APN
242827000000043003
UPID
US18-3707782
Jurisdiction
POLK
Zoning & alternative use
C4GI · Lakeland, FLZoning C4GI · permitted uses
C4GI · Lakeland, FL
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE 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
1987
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
2020 Combee Road South LLC
Entity
Mailing address
PO BOX 2007, LAKELAND, FL 33806-2007
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2024
$2,650,000
2020 Combee Road South LLC
Dixieland Partners LLC
Warranty Deed
$1,722,500 · First American Bank
Jun 22, 2012
$675,000
Dixieland Partners LLC
Carmic Manufacturing Co INC
Warranty Deed
—
—
—
Dixieland Partners LLC
—
Deed Of Trust
related
$585,000 · Midflorida FCU
—
—
Dixieland Partners LLC
—
Deed Of Trust
related
$543,750 · Centerstate Bank Of Florida
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2020 Combee Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
