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Property profile & analytics
OFF-MARKET
Estimated value
$1,340,000
Medical Office Space
280 Patterson Rd Haines City, FL 33844-6261
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3469404
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2001
Total area
11,640 SF
Lot
0.95 ac (41,338 SF)
APN
272708727500040295
UPID
US18-3469404
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.34M
Owner & transaction history
Tariq Iqbal · 2 yrs held
Tariq Iqbal
since 2023
Last sale
$1.2M
7 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 Haines City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Haines City 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
$1,560,000
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.34M
Range $1.21M – $1.47M · ±10% · vs last sale $1.24M (Dec 14 2023)
Last sale anchor
$1.24M
Dec 14 2023
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
$115 / 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
$25,762
Tax year 2023
Assessed value
$1,234,477
Assessed 2023
Previous assessed
$1,202,948
+2.6% YoY
Effective rate
2.09%
On assessed value
Assessed land
$157,084
Assessed improvement
$1,077,393
Land market value
$157,084
Improvement market value
$1,077,393
Total market value
$1,234,477
Applied tax rate
90,420.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2001
Heating
NONE
Stories
1
Units
1
Total area
11,640 SF
Lot
0.95 ac (41,338 SF)
APN
272708727500040295
UPID
US18-3469404
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
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Stories
1
Units
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Tariq Iqbal
Individual
Mailing address
2873 EASTHAM LN, KISSIMMEE, FL 34741-7815
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2023
$1,241,000
Tariq Iqbal
Szm LLC
Special Warranty Deed
$900,000 · LP One 2 LLC
Nov 6, 2020
$1,350,000
Szm LLC
LP One 2 LLC
Warranty Deed
$900,000 · LP One 2 LLC
Apr 2, 2020
$322,534
LP One 2 LLC
Louis Polizzi
Grant Deed
—
May 24, 2010
$411,900
Louis Polizzi
Polizzi,louis
Warranty Deed
related
$843,555 · Citizens Bank & Trust Co
—
—
Louis Polizzi
—
Deed Of Trust
related
$850,000 · Bank Of Central Florida
—
—
Louis Polizzi
—
Deed Of Trust
related
$450,000 · Midflorida FCU
—
—
Louis Polizzi
—
Deed Of Trust
related
$50,000 · Midflorida FCU
—
—
Louis Polizzi
—
Deed Of Trust
related
$50,000 · Citizens Bank & Trust Co
—
—
Louis Polizzi
—
Deed Of Trust
related
—
—
—
Louis Polizzi
—
Deed Of Trust
related
$60,000 · Citizens Bank & Trust 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.
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