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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Grocery and convenience stores
2340 Memorial Blvd Lakeland, FL 33815-1027
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-0367591
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1987
Total area
5,337 SF
Lot
0.53 ac (22,891 SF)
APN
232815085500000405
UPID
US18-0367591
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
-
Chevron Gas Station
-
FIVE STAR GAS & FUEL Grocery & Convenience Store
-
Amazon Hub Locker - Waterwheel Postal Service Courier Service
-
ATM (Five Star Gas & Food) Atm
-
National Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$995k
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$970k
Owner & transaction history
Lakeland Chevron Gas INC · 5 yrs held
Lakeland Chevron Gas INC
since 2020
Last sale
$875,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+41.0%
Auto repair, garage
$1.3M
+35.0%
Medical building
$1.3M
+34.0%
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
$1,025,000
ML approach
$995,000
CAP Approach
CAP Return
Estimation
6%
$1,155,000
6.5%
$1,070,000
7%
$990,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$980,000
Current use
COMMERCIAL (GENERAL)
$1,380,000
Change: +41% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,320,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$1,310,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$995,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±10% · vs last sale $875k (Aug 27 2020)
Last sale anchor
$875k
Aug 27 2020
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
$182 / 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
$7,356
Tax year 2023
Assessed value
$372,651
Assessed 2023
Previous assessed
$378,512
-1.5% YoY
Effective rate
1.97%
On assessed value
Assessed land
$211,418
Assessed improvement
$161,233
Land market value
$211,418
Improvement market value
$161,233
Total market value
$372,651
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1987
Heating
NONE
Stories
1
Units
1
Total area
5,337 SF
Lot
0.53 ac (22,891 SF)
APN
232815085500000405
UPID
US18-0367591
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$980,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$995,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1987
Heating
NONE
Stories
1
Units
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Lakeland Chevron Gas INC
Entity
Mailing address
5752 ANSLEY WAY, MOUNT DORA, FL 32757-8002
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2020
$875,000
Lakeland Chevron Gas INC
Five Star Gas & Food INC
Grant Deed
$700,000 · Valley Nat'l Bk
Dec 15, 2014
$218,000
Five Star Gas & Food INC
Mathew,salim K
Grant Deed
—
Jan 10, 2006
$500,000
Salim K Mathew
G & M Re Investments INC
Warranty Deed
$392,000 · Wachovia Bank NA
—
—
Five Star Gas & Food INC
—
Deed Of Trust
related
$570,000 · Usameribank
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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