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Property profile & analytics
OFF-MARKET
Estimated value
$2,765,000
Grocery and convenience stores
2750 Us Hwy 98th N Lakeland, FL 33805-2402
Individually Owned
6-yr Hold
Free & Clear
Property ID
US18-5407812
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2003
Total area
11,152 SF
Lot
1.66 ac (72,397 SF)
APN
232801016500000319
UPID
US18-5407812
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
-
Nick & Moes Chevron Gas Station
-
NICK & MOES Take-out & Catering
-
National Bitcoin ATM Currency Exchange Service Atm
-
Taco Del Mar Restaurant
-
Nick & Moes 003 (US HWY 98 Lakeland) Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.18M
CAP Approach
CAP
$2.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.77M
Owner & transaction history
Sunshine Gasoline Distributors · 6 yrs held
Sunshine Gasoline Distributors
since 2020
Last sale
$2.7M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.9M
+41.0%
Auto repair, garage
$2.8M
+35.0%
Medical building
$2.7M
+34.0%
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 Lakeland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakeland 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
$3,105,000
ML approach
$3,180,000
CAP Approach
CAP Return
Estimation
6%
$2,415,000
6.5%
$2,230,000
7%
$2,070,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,045,000
Current use
COMMERCIAL (GENERAL)
$2,880,000
Change: +41% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,760,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$2,740,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$2,605,000
Change: +27% · Conversion: Moderate
RETAIL STORES
$2,075,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$2.77M
Range $2.49M – $3.04M · ±10% · vs last sale $2.65M (Jul 24 2020)
Last sale anchor
$2.65M
Jul 24 2020
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
$248 / 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
$26,854
Tax year 2023
Assessed value
$1,497,105
Assessed 2023
Previous assessed
$1,329,939
+12.6% YoY
Effective rate
1.79%
On assessed value
Assessed land
$705,793
Assessed improvement
$791,312
Land market value
$705,793
Improvement market value
$791,312
Total market value
$1,497,105
Applied tax rate
91,510.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2003
Heating
NONE
Stories
1
Units
1
Total area
11,152 SF
Lot
1.66 ac (72,397 SF)
APN
232801016500000319
UPID
US18-5407812
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.6M
RETAIL STORES
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE 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
2003
Heating
NONE
Stories
1
Units
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
Sunshine Gasoline Distributors
Individual
Free & Clear · 6 yrs held
Mailing address
1650 NW 87TH AVE, DORAL, FL 33172-2614
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2020
—
Sunshine Gasoline Distributors
—
Deed
related
$6,045,000 · Amerant Bk NA
Jul 24, 2020
$2,650,000
Sunshine Gasoline Distributors
Racetrac Petroleum INC
Grant Deed
—
—
—
Racetrac Petroleum INC
—
Deed Of Trust
related
$18,240,000 · Mercantile Commerce Bank
—
—
Sunshine Gasoline Distributors
—
Deed Of Trust
related
$6,045,000 · Amerant Bk NA
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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