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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Grocery and convenience stores
290 Lakeland Park Blvd Lakeland, FL 33809-8216
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-6036200
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2000
Total area
7,344 SF
Lot
1.6 ac (69,609 SF)
APN
242730162000020701
UPID
US18-6036200
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
-
Western Union Bank Credit Union
-
7-Eleven Grocery & Convenience Store
-
ATM (7-Eleven) Atm
-
Propane exchange Propane Supplier
-
Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.47M
Comparable Approach
Comparable
$899k
Blend (final)
Blend
$1.30M
Owner & transaction history
290 Lakeland Park LLC · 6 yrs held
290 Lakeland Park LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+41.0%
Auto repair, garage
$1.8M
+35.0%
Medical building
$1.8M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,590,000
6.5%
$1,470,000
7%
$1,365,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,345,000
Current use
COMMERCIAL (GENERAL)
$1,895,000
Change: +41% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,815,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$1,805,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$1,715,000
Change: +27% · Conversion: Moderate
RETAIL STORES
$1,365,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±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
$176 / 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
$14,994
Tax year 2023
Assessed value
$845,708
Assessed 2023
Previous assessed
$931,798
-9.2% YoY
Effective rate
1.77%
On assessed value
Assessed land
$417,558
Assessed improvement
$428,150
Land market value
$417,558
Improvement market value
$428,150
Total market value
$845,708
Applied tax rate
90,510.0000
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
2000
Heating
NONE
Stories
1
Units
1
Total area
7,344 SF
Lot
1.6 ac (69,609 SF)
APN
242730162000020701
UPID
US18-6036200
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
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.4M
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
2000
Heating
NONE
Stories
1
Units
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
290 Lakeland Park LLC
Entity
Mailing address
10116 CHEVIOT DR, LOS ANGELES, CA 90064-4803
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2019
$4,526,000
290 Lakeland Park LLC
Cap 1 Sweat LLC
Warranty Deed
$2,036,000 · First Svgs Bk
Feb 1, 2019
—
Cap 1 Sweat LLC
—
Deed
related
$2,600,000 · Valley Nat'l Bk
Jun 14, 2018
$4,500,000
Cap 1 Sweat LLC
Lakeland Properties LLC
Grant Deed
$2,500,000 · Partners Cap Solutions Fund
Mar 19, 2013
—
Wen-lake Corp
—
Deed Of Trust
related
$3,729,400 · Fifth Third Bank
Aug 29, 2012
—
Lakeland Properties LLC
—
Deed Of Trust
related
$2,000,000 · Standard Insurance Co
—
—
Cap 1 Sweat LLC
—
Deed Of Trust
related
$2,600,000 · Valley Nat'l Bk
—
—
Wen-lake Corp
—
Deed Of Trust
related
$350,000 · Fifth Third Bank
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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