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Property profile & analytics
OFF-MARKET
Estimated value
$1,525,000
Office buildings
2929 Lakeland Highlands Rd Lakeland, FL 33803-4371
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-4890659
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Total area
3,003 SF
Lot
1.4 ac (61,071 SF)
Zoning code
O-1
APN
242832263000000014
UPID
US18-4890659
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
-
Mitchell Insurance Agency, Inc. Insurance Agency
-
Freedom Family Practice Medical Clinic
-
Cynthia Garcia, ARNP Physician
-
MaxHealth Primary Care Medical Clinic
-
Cynthia Garcia, APRN Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$933k
Blend (final)
Blend
$1.53M
Owner & transaction history
The Kincart Group Lakeland Highland · 1 yrs held
The Kincart Group Lakeland Highland
since 2024
Last sale
$1.5M
3 recorded transactions
Zoning & alternative use
O-1 · Lakeland, FL
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 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
$1,525,000
ML approach
$1,525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.53M
Range $1.37M – $1.68M · ±10% · vs last sale $1.53M (Oct 23 2024)
Last sale anchor
$1.53M
Oct 23 2024
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
$508 / 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
$7,520
Tax year 2023
Assessed value
$412,508
Assessed 2023
Previous assessed
$429,489
-4.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$232,024
Assessed improvement
$180,484
Land market value
$232,024
Improvement market value
$180,484
Total market value
$412,508
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Heating
NONE
Stories
1
Units
1
Total area
3,003 SF
Lot
1.4 ac (61,071 SF)
Zoning code
O-1
APN
242832263000000014
UPID
US18-4890659
Jurisdiction
POLK
Zoning & alternative use
O-1 · Lakeland, FL
Zoning O-1 · permitted uses
O-1 · Lakeland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakeland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Stories
1
Units
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
The Kincart Group Lakeland Highland
Entity
Free & Clear · 1 yrs held
Mailing address
17202 EMERALD CHASE DR, TAMPA, FL 33647-2780
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2024
$1,525,000
The Kincart Group Lakeland Highland
Tigris Management LLC
Warranty Deed
—
Aug 17, 2004
$420,000
Tigris Management LLC
Lamm,edwin R & Rosemarie S
Warranty Deed
—
—
—
Tigris Management LLC
—
Deed Of Trust
related
$233,347 · Bank Of Central Florida
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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