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    Property profile & analytics

    255 Van Fleet Dr Bartow, FL 33830-3831

    • Super regional malls
    • 49,649 SF
    • 9.69 lot acres
    OFF-MARKET
    Value Estimations
    $8,730,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3372649
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Publix Super Market at Golden Gate Shopping Center / Specialty Food Shop / Supermarket
    • City National Bank - Presto ATM / Atm / Bank
    • higi / Medical Clinic
    • Blue Rhino Propane Exchange / Propane Supplier
    • Western Union / Bank / Credit Union

    Property Details for 255 Van Fleet Dr

    Year built
    2011
    Lot size
    9.69 lot acres
    Property size
    49,649 SF
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    253005000000034030
    APU
    253005000000034030

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $9,100,000
      Current use
      COMMERCIAL (GENERAL)
      $14,065,000
      Change: +55% Conversion: Easy
      AUTO REPAIR, GARAGE
      $12,085,000
      Change: +33% Conversion: Difficult
      OFFICE BUILDING
      $11,915,000
      Change: +31% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $7,680,000
      Change: -16% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bartow
    County
    Polk
    State
    Florida
    Longitude
    -81.8419
    Latitude
    27.9029
    CBSA code
    29460
    CBSA name
    LAKELAND, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $198,958
    $0.00
    $0.00
    $14,324,857
    -
    $0.00
    $0.00
    $14,324,857

    Comparable in this City

    • Value Estimation
      $4,095,000
      33,178 SF

      1475 Us Hwy 17th S

      REGIONAL SHOPPING CENTER, MALL • 33,178 SF
      1475 Us Hwy 17th S, Bartow, FL 33830-6628
      View Details
    • Value Estimation
      $11,945,000
      151,844 SF

      1050 Van Fleet Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 151,844 SF
      1050 Van Fleet Dr, Bartow, FL 33830-7618
      View Details
    • Value Estimation
      $875,000
      3,930 SF

      2385 Ef Griffin Rd

      SHOPPING CENTER, STRIP CENTER • 3,930 SF
      2385 Ef Griffin Rd, Bartow, FL 33830-8402
      View Details
    • Value Estimation
      $895,000
      6,864 SF

      1482 Wilson Ave

      SHOPPING CENTER, STRIP CENTER • 6,864 SF
      1482 Wilson Ave, Bartow, FL 33830
      View Details
    • Value Estimation
      $4,820,000
      134,030 SF

      425 Van Fleet Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 134,030 SF
      425 Van Fleet Dr, Bartow, FL 33830-3835
      View Details
    • Value Estimation
      $1,620,000
      13,000 SF

      2405 Ef Griffin Rd

      SHOPPING CENTER, STRIP CENTER • 13,000 SF
      2405 Ef Griffin Rd, Bartow, FL 33830-8737
      View Details

    Similar Nearby for Sale

    • $418,000

      Visible Corner Retail Opportunity

      Retail property with open layout and attractive owner financing.
      905 E Main St, Bartow, FL 33830
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    • New
      $1,299,000
      1.71 Acres

      Highway Frontage Investment Opportunity

      Income-producing commercial property with development potential on 1.71 acres.
      4670 Us Highway 17 N, Bartow, FL 33830
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    • New
      $250,000
      0.50 Acres

      Commercial Lot in Growing Bartow

      Prime commercial land suitable for various business and investment opportunities.
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    • $2,500,000
      Pending

      Bartow Retail/Industrial Opportunity

      Secured yard, warehouse, showroom, and office space near Highway 60.
      115 Bill Helmuth Dr, Bartow, FL 33830
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    • $525,000
      21.74 Acres

      21 Acres Former Grove Land

      21-acre former grove in Bartow, Florida, with development potential.
      CUTOFF Alturas Babson Park, Bartow, FL 33830
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    • $47,000
      0.21 Acres

      Bartow, FL Vacant Land

      Vacant land in high-demand area of Bartow, FL.
      2420 Gerties Rd, Bartow, FL 33830
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,484 SF

      Retail Space in Bartow Center

      Retail space available in a busy Bartow shopping center.
      255 E Van Fleet Dr, Bartow, FL 33830
      View Details
    • Contact for pricing
      147,845 SF

      Bartow Plaza Retail Space For Lease

      Prime Bartow retail space, multiple units available.
      330 Van Fleet Dr, Bartow, FL 33830
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space in Bartow, Florida

      Retail space available in a busy shopping center.
      110-370 E Van Fleet Dr, Bartow, FL 33830
      View Details
    • $39,600

      Downtown Retail Space Available

      Prime retail space with updated features in a downtown location.
      535 E Main St, Bartow, FL 33830
      View Details
    • Contact for pricing
      5,815 SF

      Downtown Bartow Retail/Office Space

      5,800± SF building in downtown Bartow available August 2025.
      465-475 E Main St, Bartow, FL 33830
      View Details
    • Contact for pricing
      72,800 SF

      Centennial Business Complex: Bartow, FL

      Modern Industrial Warehouse Space Available
      1585 Centennial Blvd, Bartow, FL 33830
      View Details
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    Bartow, FL 33830-3831
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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