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Property profile & analytics
FOR LEASE
Retail space
2211 S Florida Ave Lakeland, FL 33803
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3140099
For Lease
1 / 3
$6,000/Mo
2211 S Florida Ave, Lakeland, FL 33803
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1963
Total area
10,214 SF
Lot
0.99 ac (43,194 SF)
APN
232825127500001021
UPID
US18-3140099
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
-
Play It Again Sports - Florida (Bike/Boat/Book/etc) Store
-
Swan City Soccer Club Sports School Sports Field & Court
-
Central Florida Invitational Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.77M
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.92M
Owner & transaction history
Msds Investments LLC · 3 yrs held
Msds Investments LLC
since 2023
Last sale
$2.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.8M
+47.1%
Commercial (general)
$2.6M
+38.5%
Auto repair, garage
$2.5M
+32.7%
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
$2,075,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,910,000
6.5%
$1,765,000
7%
$1,640,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,905,000
Current use
OFFICE BUILDING
$2,800,000
Change: +47% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,640,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,525,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$2,510,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,870,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$1.92M
Range $1.73M – $2.11M · ±10% · vs last sale $2.00M (May 3 2023)
Last sale anchor
$2.00M
May 3 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
$188 / 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
$15,037
Tax year 2023
Assessed value
$824,878
Assessed 2023
Previous assessed
$811,545
+1.6% YoY
Effective rate
1.82%
On assessed value
Assessed land
$399,526
Assessed improvement
$425,352
Land market value
$399,526
Improvement market value
$425,352
Total market value
$824,878
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
For Lease
Year built
1963
Heating
NONE
Stories
2
Units
1
Total area
10,214 SF
Lot
0.99 ac (43,194 SF)
APN
232825127500001021
UPID
US18-3140099
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.9M
OFFICE BUILDING
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1963
Heating
NONE
Stories
2
Units
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Msds Investments LLC
Entity
Mailing address
2305 WOODBINE AVE, LAKELAND, FL 33803-3046
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2023
$2,000,000
Msds Investments LLC
Fortin Family LLC
Warranty Deed
$1,700,000 · South State Bank NA
Aug 18, 2021
$376,000
2215 Title LLC
Fortin Family LLC
Special Warranty Deed
$400,000 · Midflorida Cu
Aug 16, 2007
—
Fortin Family LLC
—
Deed Of Trust
related
$2,865,473 · Colonial 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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