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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Assisted living facilities
255 Main St Lake Alfred, FL 33850-2133
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-2244775
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1926
Total area
15,646 SF
Lot
0.92 ac (40,110 SF)
APN
262732513000000010
UPID
US18-2244775
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
-
The Gardens of Lake Alfred Nursing Home Retirement Community
-
Audra E Sand Lake Cancer Center Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.24M
Owner & transaction history
Southern Gardens Fl Alf Realty · 7 yrs held
Southern Gardens Fl Alf Realty
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.9M
+3.2%
Industrial (general)
$1.9M
+1.4%
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 Lake Alfred submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Alfred 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$1,845,000
Current use
AUTO REPAIR, GARAGE
$1,905,000
Change: +3% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,870,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$1,820,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$1,815,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±10%
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
$79 / 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
$23,256
Tax year 2023
Assessed value
$1,191,617
Assessed 2023
Previous assessed
$1,111,712
+7.2% YoY
Effective rate
1.95%
On assessed value
Assessed land
$122,332
Assessed improvement
$1,069,285
Land market value
$122,332
Improvement market value
$1,069,285
Total market value
$1,191,617
Applied tax rate
92,440.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1926
Heating
NONE
Buildings
3
Stories
1
Units
1
Total area
15,646 SF
Lot
0.92 ac (40,110 SF)
APN
262732513000000010
UPID
US18-2244775
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.9M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.8M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1926
Heating
NONE
Stories
1
Buildings
3
Units
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Southern Gardens Fl Alf Realty
Entity
Mailing address
255 E MAIN ST, LAKE ALFRED, FL 33850-2133
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2019
—
Southern Gardens Fl Alf Realty
Southern Gardens LLC
Quit Claim Deed
related
$4,240,000 · Valley Nat'l Bk
Jun 30, 2016
—
Southern Gardens LLC
—
Deed
related
$8,550,000 · Usameribank
Apr 22, 2008
—
Inland American Stflorida Port
—
Deed Of Trust
related
$34,500,000 · Busey Bank
Jul 11, 2005
$1,908,000
Southern Gardens LLC
Lake Alfred Associates
Grant Deed
$1,425,000 · Wachovia Bank NA
Sep 9, 1997
$2,200,000
Lake Alfred Associates Ltd Par
Cook,douglas M
Grant Deed
—
—
—
Southern Gardens LLC
—
Deed Of Trust
related
$2,292,098 · General Electric Capital Corp
—
—
Southern Gardens LLC
—
Deed Of Trust
related
$575,000 · Wachovia Bank NA
—
—
Southern Gardens LLC
—
Deed Of Trust
related
$2,354,000 · Regions Bank
—
—
Southern Gardens LLC
—
Deed Of Trust
related
$8,550,000 · 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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