Property profile

2040 Shepherd Rd Mulberry, FL 33860

OFF-MARKET
Super regional malls
Property ID
US18-2977700
47,922 SF 8.65 ac lot Built 2001
Entity Owned Free & Clear
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Property summary

AI-generated overview

The property consists of outparcel space within a commercial center anchored by Publix. It is located at the signalized intersection of Shepherd Road and Imperial Parkway, approximately 1.0 mile west of US 37/South Florida Avenue, 2.5 miles south of East County Road 540A, 4.2 miles east of County Line Road, and 4.5 miles north of SR-60. The site is positioned for access from a signalized intersection with an identified traffic count of 18,300 vehicles per day.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 2001
Total area 47,922 SF
Lot 8.65 ac (376,750 SF)
APN 232926141964000010
UPID US18-2977700

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pharmacy
  • Big Box & Wholesale Store
  • Propane Supplier
  • Atm
  • Bank Credit Union

Location

2040 Shepherd Rd Mulberry, FL 33860-8699
Mulberry metro Census 14906 LAKELAND, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$8.43M

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Commercial (general) $13.6M +54.6%
Office building $11.8M +34.5%
Auto repair, garage $11.7M +32.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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