Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Property profile

238 Massachusetts Ave Unit 1ST 1st Lakeland, FL 33801

FOR LEASE
Retail space
Property ID
US18-5534360
6,351 SF 0.41 ac lot Built 1925
Last sale Apr 2021 · $1,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a renovated office workspace featuring 1920s-inspired architectural character with contemporary interior finishes. It provides a mix of furnished private offices, sociable shared office areas, and dedicated coworking space intended for both individual work and collaborative use. Meeting room access is available for business presentations, with scheduling managed through an in-building application, and the meeting space is equipped for business use. The workspace is located on…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$17k
Tax billed · 2023
Assessed value$858k
Assessed land$138k
Assessed improvement$720k
Effective rate2.02%

Value estimate

· Oct 2026
$1.08M
$968k – $1.18M
CAP approach$1.10M
Submarket $/SF estimate$1.04M

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$174/SF
ZIP average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$92 – $282
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-7
N) Flat Rate $100 Compatibility review for a special Building Type (SBT) Flat Rate $100 Alcoholic Beverage Background Check Alcoholic Bev...
General categoryCOMMERCIAL
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility13.5
Convenience Store10.0
Dental Office9.7

Location

238 Massachusetts Ave Unit 1ST, Unit 1st Lakeland, FL 33801
County assessor Recorded deeds · 4 transfers 8 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 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
515 Memorial, Lakeland, FL 33801-1843 $465,000 Dec 2024 8,040 SF
803 Florida, Lakeland, FL 33801 $2,000,000 Nov 2024 5,500 SF
122 Main, Lakeland, FL 33801-4655 $1,400,000 Apr 2024 6,000 SF
4830 Us Hwy 92nd E, Lakeland, FL 33801-9583 $550,000 Apr 2024 5,920 SF
1211 Main, Lakeland, FL 33801-5773 $205,000 Sep 2023 4,626 SF
1210 Orange, Lakeland, FL 33801-5702 $2,563,000 Jan 2023 7,756 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
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
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved