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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Grocery and convenience stores
207 Commonwealth N Ave Polk City, FL 33868-8821
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US19-0867084
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2001
Total area
3,840 SF
Lot
0.56 ac (24,577 SF)
Zoning code
C-2
APN
252633296500092120
UPID
US19-0867084
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
-
Concept Air Inc - Heating & Cooling – H.V.A.C Hardware & Home Improvement HVAC Service
-
Circle K Grocery & Convenience Store
-
DSG Air Conditioning INC Corporate Office Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
$770k
Comparable Approach
Comparable
$653k
Blend (final)
Blend
$605k
Owner & transaction history
Convenience Center Dev Assoc · 22 yrs held
Convenience Center Dev Assoc
since 2003
4 recorded transactions
Zoning & alternative use
C-2 · Polk City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
General Commercial
General category
COMMERCIAL
Zone area
44.90 ac
Source
Realmo
Top alternative use upside
Office building
$945,000
+34.5%
Auto repair, garage
$935,000
+32.8%
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 Polk City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Polk City 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
$395,000
CAP Approach
CAP Return
Estimation
6%
$830,000
6.5%
$770,000
7%
$715,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$705,000
Current use
OFFICE BUILDING
$945,000
Change: +35% · Conversion: Moderate
AUTO REPAIR, GARAGE
$935,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$595,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$158 / 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
$11,569
Tax year 2023
Assessed value
$559,425
Assessed 2023
Previous assessed
$570,840
-2.0% YoY
Effective rate
2.07%
On assessed value
Assessed land
$227,162
Assessed improvement
$332,263
Land market value
$227,162
Improvement market value
$332,263
Total market value
$559,425
Applied tax rate
90,520.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2001
Heating
NONE
Stories
1
Units
1
Total area
3,840 SF
Lot
0.56 ac (24,577 SF)
Zoning code
C-2
APN
252633296500092120
UPID
US19-0867084
Jurisdiction
POLK
Zoning & alternative use
C-2 · Polk City, FLZoning C-2 · permitted uses
C-2 · Polk City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
General Commercial
General category
COMMERCIAL
Zone area
44.90 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$705,000
OFFICE BUILDING
Est. value
$945,000
AUTO REPAIR, GARAGE
Est. value
$935,000
RETAIL STORES
Est. value
$595,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2001
Heating
NONE
Stories
1
Units
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Convenience Center Dev Assoc
Individual
Mailing address
1303 PASS A GRILLE WAY, ST PETE BEACH, FL 33706-4233
Ownership since
2003
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
Oct 8, 2003
$412,500
Convenience Center Dev Assoc
Sparkys Oil Co INC
Grant Deed
$660,000 · First Fsb Lake
Jan 14, 2003
$222,500
Sparkys Oil Co INC
Bush,shirley
Grant Deed
$517,000 · David & Shirley Bush
—
—
Lucky Lazy Kids LLC
—
Deed Of Trust
related
$3,443,000 · Regions Bank
—
—
Convenience Center Dev Assocs
—
Deed Of Trust
related
$2,250,000 · Regions Bank
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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