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Property profile & analytics
OFF-MARKET
Estimated value
$4,200,000
Office buildings
2701 Lk Myrtle Park Rd Auburndale, FL 33823-9360
Entity Owned
18-yr Hold
Free & Clear
Property ID
US18-7687559
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2011
Total area
19,629 SF
Lot
7.92 ac (345,082 SF)
APN
252733000000033060
UPID
US18-7687559
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
-
Lake Myrtle Sports Park Sports Field & Court Sports School
-
USA Water Ski & Wake Sports Gym & Fitness Center Sports Field & Court
-
Polk County Sports Hall of Fame Tourist Attraction Museum
-
Delta Hotels and Resorts Homestay
-
Field 3 Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.96M
Comparable Approach
Comparable
$4.66M
Blend (final)
Blend
$4.20M
Owner & transaction history
Polk County · 18 yrs held
Polk County
since 2008
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.1M
+40.8%
Commercial (general)
$5.6M
+28.9%
Auto repair, garage
$4.8M
+10.8%
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 Auburndale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Auburndale 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%
$4,285,000
6.5%
$3,955,000
7%
$3,675,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,315,000
Current use
MEDICAL BUILDING
$6,070,000
Change: +41% · Conversion: Easy
COMMERCIAL (GENERAL)
$5,560,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,780,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$3,985,000
Change: -8% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,595,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$4.20M
Range $3.78M – $4.62M · ±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
$214 / 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
Assessed value
$2,517,956
Assessed 2023
Previous assessed
$2,402,611
+4.8% YoY
Assessed land
$103,527
Assessed improvement
$2,414,429
Land market value
$103,527
Improvement market value
$2,414,429
Total market value
$2,517,956
Applied tax rate
90,330.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2011
Heating
NONE
Stories
2
Units
1
Total area
19,629 SF
Lot
7.92 ac (345,082 SF)
APN
252733000000033060
UPID
US18-7687559
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
OFFICE BUILDING Current
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$6.1M
COMMERCIAL (GENERAL)
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$4.8M
RETAIL STORES
Est. value
$4.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2011
Heating
NONE
Stories
2
Units
1
Lot
7.92 ac
Current owner
From public records · entity-resolved
Polk County
Entity
Free & Clear · 18 yrs held
Mailing address
PO BOX 988, BARTOW, FL 33831-0988
Ownership since
2008
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
Jul 29, 2008
$3,500,000
Polk County
Block L LLC
Warranty Deed
—
Jul 29, 2008
—
Record Owner
Gapway Grov Corp
Grant Deed
related
—
Mar 20, 2008
—
Block L LLC
Strang Groves LLC
Warranty Deed
related
—
Nov 19, 2007
—
Record Owner
Owner,record
Quit Claim Deed
related
—
May 31, 2007
—
Record Owner
Gapway Grove Corp
Grant Deed
related
—
May 16, 2007
$470,000
Webe Investors
Gapway Grove Corp
Warranty Deed
—
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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