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    Property profile & analytics

    2271 State Rd 60th E Bartow, FL 33830-8871

    • Manufacturing properties
    • 8,828 SF
    • 4.47 lot acres
    OFF-MARKET
    Value Estimations
    $695,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6036897
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Central Concrete Products Inc / Construction Company / General Contractor
    • Central Concretes / Construction Company / General Contractor

    Property Details for 2271 State Rd 60th E

    Year built
    2012
    Lot size
    4.47 lot acres
    Property size
    8,828 SF
    Property type
    Manufacturing properties
    APN
    253004000000012050
    APU
    253004000000012050

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $700,000
      6.5%
      $650,000
      7%
      $600,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $645,000
      Market price range: $316k - $1.12M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,100,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bartow
    County
    Polk
    State
    Florida
    Longitude
    -81.8134
    Latitude
    27.9017
    CBSA code
    29460
    CBSA name
    LAKELAND, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,794
    $48,390
    $434,040
    $482,430
    -
    $48,390
    $434,040
    $482,430

    Comparable in this City

    • Value Estimation by Request
      4,342 SF

      3693 Gandy Rd

      MANUFACTURING (LIGHT) • 4,342 SF
      3693 Gandy Rd, Bartow, FL 33830-8702
      View Details
    • Value Estimation by Request
      3,456 SF

      2325 State Rd 60th E

      MANUFACTURING (LIGHT) • 3,456 SF
      2325 State Rd 60th E, Bartow, FL 33830-8871
      View Details
    • Value Estimation by Request
      1,700 SF

      2555 State Rd 60th E

      MANUFACTURING (LIGHT) • 1,700 SF
      2555 State Rd 60th E, Bartow, FL 33830-8872
      View Details
    • Value Estimation
      $820,000
      9,520 SF

      490 Davidson St

      MANUFACTURING (LIGHT) • 9,520 SF
      490 Davidson St, Bartow, FL 33830-3938
      View Details
    • Value Estimation by Request
      7,100 SF

      1950 State Rd 60th E

      MANUFACTURING (LIGHT) • 7,100 SF
      1950 State Rd 60th E, Bartow, FL 33830-4261
      View Details
    • Value Estimation by Request
      2,040 SF

      340 1st Ave

      MANUFACTURING (LIGHT) • 2,040 SF
      340 1st Ave, Bartow, FL 33830-4018
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      154,620 SF

      Bartow Industrial Property For Sale

      154,620 sq ft industrial property in Bartow, Florida.
      450 Polk St, Bartow, FL 33830
      View Details
    • $2,500,000
      Pending

      Bartow Retail/Industrial Opportunity

      Secured yard, warehouse, showroom, and office space near Highway 60.
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      Visible Corner Retail Opportunity

      Retail property with open layout and attractive owner financing.
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    • $1,400,000
      1.71 Acres

      Commercial Land with Income Potential

      Prime commercial land with existing store and development potential.
      4670 Us Highway 17 N, Bartow, FL 33830
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      Land in Downtown Bartow, FL

      Land centrally located in downtown Bartow, Florida.
      533 N Waldon Ave, Bartow, FL 33830
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    • $599,995
      5,944 SF

      Remodeled Religious Facility with Residence

      4000 SF religious facility with 3/2 manufactured home.
      8152 Cherokee Ave, Bartow, FL 33830
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    Similar Nearby for Lease

    • Contact for pricing
      5,200 SF

      Centennial Business Complex Leasing Opportunity

      Premier industrial/warehouse/distribution space with modern facilities and strategic location.
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      View Details
    • Contact for pricing
      72,800 SF

      Centennial Business Complex: Bartow, FL

      Modern Industrial Warehouse Space Available
      1585 Centennial Blvd, Bartow, FL 33830
      View Details
    • Contact for pricing
      20,000 SF

      Versatile Industrial Space with Office

      Polk County flex space with warehouse and office components.
      1160 E Van Fleet Dr, Bartow, FL 33830
      View Details
    • Contact for pricing
      1,484 SF

      Retail Space in Bartow Center

      Retail space available in a busy Bartow shopping center.
      255 E Van Fleet Dr, Bartow, FL 33830
      View Details
    • $39,600

      Downtown Retail Space Available

      Prime retail space with updated features in a downtown location.
      535 E Main St, Bartow, FL 33830
      View Details
    • $5,100 /Mo
      5,310 SF

      Main St. Bartow Office Space

      Historic Downtown Bartow Office Suites
      415 Main St, Bartow, FL 33830
      View Details
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    2271 State Rd 60th E
    Bartow, FL 33830-8871
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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