Financial
Distress signals
Property profile

223 N Commonwealth Ave SW Polk City, FL 33868

FOR SALE
Other investment properties
Property ID
US19-0112939
1,412 SF 0.23 ac lot Built 1987
Last sale Feb 2022 · $70,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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223 N Commonwealth Ave SW, Polk City, FL 33868 For Sale
$354,000 1,412 SF
223 N Commonwealth Ave SW, Polk City, FL 33868
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Property summary

AI-generated overview

The property is a one-story concrete commercial building containing two separate office areas arranged to allow division into distinct spaces, which can support configurations for a single occupant and/or separate leasing of part of the building. It measures approximately 1,412 square feet under roof and sits on a 9,831-square-foot lot. Public records classify the asset as mixed retail with office units. The site is located in Polk City near freeway access and road connections, providing

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$161k
Assessed land$59k
Assessed improvement$102k
Effective rate2.06%

Value estimate

· Sep 2026
$195k
$176k – $215k
AI approach$225k
NOI build-up
Gross scheduled income$27k
Vacancy & credit loss−$6k
Operating expenses−$5k
NOI · 4.51% cap applied$16k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$283/SF
County average, outlier-cleaned · 210 recorded sales of this use type
Observed band · Q1–Q3$79 – $658
Qualifying comparables6

Cap rate analysis

How does the asset earn?
4.51%
$16k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-1
General categoryCOMMERCIAL
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm11.7
Realty agency10.8
Dental Office9.3

Location

223 N Commonwealth Ave SW Polk City, FL 33868
County assessor Recorded deeds · 2 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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