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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Retail space
2047 Edgewood Dr Lakeland, FL 33803-3601
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-6260668
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1970
Total area
12,625 SF
Lot
0.73 ac (31,699 SF)
APN
242828244000005809
UPID
US18-6260668
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$959k
Blend (final)
Blend
$1.00M
Owner & transaction history
Cutting Edge Lawn Equipment In · 7 yrs held
Cutting Edge Lawn Equipment In
since 2018
6 recorded transactions
Zoning & alternative use
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 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±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
$79 / 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
$7,628
Tax year 2023
Assessed value
$418,437
Assessed 2023
Previous assessed
$405,132
+3.3% YoY
Effective rate
1.82%
On assessed value
Assessed land
$166,420
Assessed improvement
$252,017
Land market value
$166,420
Improvement market value
$252,017
Total market value
$418,437
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1970
Heating
NONE
Stories
1
Total area
12,625 SF
Lot
0.73 ac (31,699 SF)
APN
242828244000005809
UPID
US18-6260668
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
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Stories
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Cutting Edge Lawn Equipment In
Individual
Mailing address
2047 E EDGEWOOD DR, LAKELAND, FL 33803-3601
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2018
$250,000
Cutting Edge Lawn Equipment In
Trinklein Ents INC
Trustees Deed
$1,795,916 · Branch Bk&tr
May 5, 2011
$575,000
Edge Lawn Equipment In Cutting
Ruthven Family LP 2
Warranty Deed
$560,000 · Ruthven Family LP #2
Sep 25, 2006
$1,150,000
Ruthven Family LP 2
Golf Ventures INC
Warranty Deed
$863,000 · Wachovia Bank NA
Feb 19, 1998
$292,300
Golf Ventures INC
Golf Ventures INC
Grant Deed
related
—
—
—
Cutting Edge Lawn Equipment In
—
Deed Of Trust
related
$535,000 · Branch Bk&tr
—
—
Cutting Edge Lawn Equipment In
—
Deed Of Trust
related
$145,000 · Platinum Bk
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
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