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Property profile & analytics
OFF-MARKET
Estimated value
$8,610,000
Retail properties & Spaces
253 Citi Ctr St Winter Haven, FL 33880-3405
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-3443961
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1971
Total area
59,400 SF
Lot
16.16 ac (703,755 SF)
APN
262829620500000013
UPID
US18-3443961
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
-
Belk Department Store
-
Belk 248 Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.61M
CAP Approach
CAP
$10.26M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.61M
Owner & transaction history
231 Citi Centre Street Holdings Lll · 1 yrs held
231 Citi Centre Street Holdings Lll
since 2024
Last sale
$8.6M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Winter Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winter Haven 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
$8,610,000
ML approach
$8,610,000
CAP Approach
CAP Return
Estimation
6%
$11,120,000
6.5%
$10,260,000
7%
$9,530,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,860,000
Change: -10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,645,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$8.61M
Range $7.75M – $9.47M · ±10% · vs last sale $8.61M (Dec 31 2024)
Last sale anchor
$8.61M
Dec 31 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
$145 / 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
$267,999
Tax year 2023
Assessed value
$13,917,255
Assessed 2023
Previous assessed
$13,690,035
+1.7% YoY
Effective rate
1.93%
On assessed value
Assessed land
$1,583,460
Assessed improvement
$12,333,795
Land market value
$1,583,460
Improvement market value
$12,333,795
Total market value
$13,917,255
Applied tax rate
92,410.0000
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1971
Heating
NONE
Buildings
4
Stories
1
Units
1
Total area
59,400 SF
Lot
16.16 ac (703,755 SF)
APN
262829620500000013
UPID
US18-3443961
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
WAREHOUSE, STORAGE
Est. value
$13.9M
AUTO REPAIR, GARAGE
Est. value
$12.6M
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
1971
Heating
NONE
Stories
1
Buildings
4
Units
1
Lot
16.16 ac
Current owner
From public records · entity-resolved
231 Citi Centre Street Holdings Lll
Entity
Free & Clear · 1 yrs held
Mailing address
7 SAINT PAUL ST STE #820, BALTIMORE, MD 21202-1681
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2024
$8,610,000
231 Citi Centre Street Holdings Lll
231 Citi Center Street Holdings LLC
Special Warranty Deed
—
Sep 8, 2022
$500,100
231 Citi Center Street Holdings LLC
Winter Haven Citi Centre LLC
Trustees Deed
related
—
Jun 2, 2010
—
Winter Haven Citi Centre LLC
—
Deed Of Trust
related
$15,000,000 · Wells Fargo Bank
Mar 24, 2000
$1,935,000
Lowes Home Centers INC
Northwestern Mutual Life Ins
Grant Deed
—
—
—
Winter Haven Citi Centre LLC
—
Deed Of Trust
related
$7,612,940 · Wells Fargo Bank
—
—
Winter Haven Citi Centre LLC
—
Deed Of Trust
related
$62,653 · Security Life Of Denver Ins Co
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.
Try Rey
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