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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Warehouses
217 Polk Ave Arcadia, FL 34266-3933
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3319117
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1945
Construction
STEEL FRAME
Total area
10,980 SF
Lot
2.58 ac (112,428 SF)
Zoning code
M-2
APN
25-37-24-0012-0650-0000
UPID
US18-3319117
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
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$610k
Blend (final)
Blend
$610k
Owner & transaction history
Cagery Investments LLC · 3 yrs held
Cagery Investments LLC
since 2023
Last sale
$620,000
2 recorded transactions
Zoning & alternative use
M-2 · Arcadia, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ng Facility P P Truck & Motor Freight Terminals Light Motor Freight P P Heavy Motor Freight P Truck Stop S S P Warehousing S P P HEAVY INDUSTRIAL LAND USE R-1A R-1B R-1C R-2A R-2B R-3 R-4 MHP RPB P-1 B-1 B-2 B-3 C-1 M-1 M-2 ROS CON PBG Auto Salvage Yard S Construction & Demolition Debris S Food & Beverage Manufacturing, Processing & Packaging S Junkyard S Ma…
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
78.69 ac
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 Arcadia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arcadia 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
$595,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$940,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $620k (May 15 2023)
Last sale anchor
$620k
May 15 2023
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
$56 / 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
$6,272
Tax year 2023
Assessed value
$285,991
Assessed 2023
Previous assessed
$219,202
+30.5% YoY
Effective rate
2.19%
On assessed value
Assessed land
$112,430
Assessed improvement
$173,561
Land market value
$112,430
Improvement market value
$173,561
Total market value
$285,991
Applied tax rate
1.0000
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
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1945
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
4
Rooms
16
Bathrooms
4
Total area
10,980 SF
Lot
2.58 ac (112,428 SF)
Zoning code
M-2
APN
25-37-24-0012-0650-0000
UPID
US18-3319117
Jurisdiction
DE SOTO
Zoning & alternative use
M-2 · Arcadia, FLZoning M-2 · permitted uses
M-2 · Arcadia, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ng Facility P P Truck & Motor Freight Terminals Light Motor Freight P P Heavy Motor Freight P Truck Stop S S P Warehousing S P P HEAVY INDUSTRIAL LAND USE R-1A R-1B R-1C R-2A R-2B R-3 R-4 MHP RPB P-1 B-1 B-2 B-3 C-1 M-1 M-2 ROS CON PBG Auto Salvage Yard S Construction & Demolition Debris S Food & Beverage Manufacturing, Processing & Packaging S Junkyard S Manufacturing of Raw Materials S Storage & Processing of Flammable Materials S Storag
Zone name
Heavy Industrial
General category
INDUSTRIAL
Zone area
78.69 ac
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$940,000
AUTO REPAIR, GARAGE
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
1945
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Buildings
4
Rooms
16
Bathrooms
4
Lot
2.58 ac
Current owner
From public records · entity-resolved
Cagery Investments LLC
Entity
Mailing address
1615 SW HWY 17, ARCADIA, FL 34266-7101
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2023
$620,000
Cagery Investments LLC
Land South Desoto LLC
Warranty Deed
$544,000 · Lake Michigan Cu
Nov 18, 2022
$16,609,800
Land South Desoto LLC
Sunny South Packing Company
Warranty Deed
$7,500,000 · Agamerica Lending LLC
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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