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Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Retail space
2326 Memorial Blvd Lakeland, FL 33815-1000
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-5087493
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1956
Total area
3,100 SF
Lot
1.81 ac (78,800 SF)
APN
232815085500000404
UPID
US18-5087493
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
-
Lakeland Self Storage Storage Facility
-
Happy Glass LLC Auto Repair Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$916k
Blend (final)
Blend
$1.09M
Owner & transaction history
Sig Memorial Annex LLC · 1 yrs held
Sig Memorial Annex LLC
since 2024
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+73.3%
Commercial (general)
$800,000
+38.9%
Auto repair, garage
$765,000
+33.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,000,000
Change: +73% · Conversion: Easy
COMMERCIAL (GENERAL)
$800,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$765,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$760,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±10% · vs last sale $1.42M (May 14 2024)
Last sale anchor
$1.42M
May 14 2024
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
$350 / 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
$19,429
Tax year 2023
Assessed value
$1,341,987
Assessed 2023
Previous assessed
$1,341,987
+0.0% YoY
Effective rate
1.45%
On assessed value
Total market value
$1,341,987
Applied tax rate
91,000.0000
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
Off-Market
Year built
1956
Heating
NONE
Buildings
10
Stories
1
Units
1
Total area
3,100 SF
Lot
1.81 ac (78,800 SF)
APN
232815085500000404
UPID
US18-5087493
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
OFFICE BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$765,000
MEDICAL BUILDING
Est. value
$760,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1956
Heating
NONE
Stories
1
Buildings
10
Units
1
Lot
1.81 ac
Current owner
From public records · entity-resolved
Sig Memorial Annex LLC
Entity
Mailing address
351 E CONESTOGA RD #207, WAYNE, PA 19087-2508
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2024
$1,422,900
Sig Memorial Annex LLC
Lakeland Partners LLC
Special Warranty Deed
—
Oct 19, 2021
$1,650,000
Lakeland Partners LLC
Lawrence S Horton
Warranty Deed
$1,200,000 · Fairwinds Cu
Oct 7, 2021
—
Lawrence S Horton
Lakeland Stormor LLC
Deed
—
Mar 20, 2019
$1,040,000
Lakeland Stormor LLC
Lakeland Self Storage LLC
Warranty Deed
related
$942,400 · First Bk Fin'l Ctr
Oct 2, 2017
—
Lakeland Self Storage LLC
Safe Storage Of Lakeland LLC
Quit Claim Deed
related
—
Jul 3, 2017
$850,000
Safe Storage Lakeland LLC
Safe Storage Lakeland LLC
Warranty Deed
related
—
Jul 3, 2017
—
Lakeland Self Storage LLC
—
Deed
related
$830,100 · First Bk Fin'l Ctr
Sep 8, 2015
$625,000
Safe Storage Of Lakeland LLC
Boulevard Storage LLC
Grant Deed
$470,000 · Gte FCU
Jun 30, 2010
$482,190
Boulevard Storage LLC
Taylor,steven G
Quit Claim Deed
related
—
Jun 14, 2010
$482,190
Boulevard Storage LLC
Taylor,steven G
Quit Claim Deed
related
—
Apr 25, 2005
—
Polk County
Taylor,steven G & Gregory J
Quit Claim Deed
related
—
Mar 30, 2005
—
Gregory J Taylor
Taylor,james W
Affidavit Of Death
related
$596,000 · Suntrust Bank NA
Dec 3, 2002
$84,000
Steven G Taylor
Taylor,mary G
Quit Claim Deed
related
$83,970 · Mary G Taylor
—
—
Boulevard Storage LLC
—
Deed Of Trust
related
$475,000 · Td Bank NA
—
—
Lakeland Self Storage LLC
—
Deed Of Trust
related
$830,100 · First Bk Fin'l Ctr
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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