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Property profile & analytics
OFF-MARKET
Estimated value
$1,660,000
Office buildings
300 Heartland Blvd Mulberry, FL 33860-6507
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-6108598
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Total area
4,734 SF
Lot
25.03 ac (1,090,307 SF)
APN
232927000000011040
UPID
US18-6108598
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
-
Huntington at Sundance Apartment Building Apartment Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$1.66M
Owner & transaction history
Tpaf Vi Huntington LLC · 8 yrs held
Tpaf Vi Huntington LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+25.5%
Commercial (general)
$1.3M
+14.9%
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 Mulberry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mulberry 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,165,000
Current use
MEDICAL BUILDING
$1,465,000
Change: +25% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,340,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,150,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.66M
Range $1.49M – $1.83M · ±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
$351 / 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
$633,354
Tax year 2023
Assessed value
$49,312,360
Assessed 2023
Previous assessed
$40,605,451
+21.4% YoY
Effective rate
1.28%
On assessed value
Total market value
$49,312,360
Applied tax rate
90,000.0000
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
1998
Heating
NONE
Buildings
16
Stories
1
Units
1
Total area
4,734 SF
Lot
25.03 ac (1,090,307 SF)
APN
232927000000011040
UPID
US18-6108598
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
$1.2M
MEDICAL BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1998
Heating
NONE
Stories
1
Buildings
16
Units
1
Lot
25.03 ac
Current owner
From public records · entity-resolved
Tpaf Vi Huntington LLC
Entity
Free & Clear · 8 yrs held
Mailing address
8500 NORMANDALE LK BLVD STE #700, MINNEAPOLIS, MN 55437-3829
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2020
—
Tpaf Vi Huntington LLC
—
Deed
related
—
Mar 2, 2018
$37,000,000
Tpaf Vi Huntington LLC
Prg Huntington Associates LP
Grant Deed
—
Oct 18, 2010
$21,150,000
Prg Huntington Associates LP
Huntington Of Sundance Owner LP
Warranty Deed
related
—
Oct 9, 2006
$24,650,000
Huntington Of Sundance Owner
Benchmark Huntington Of Sundance
Warranty Deed
related
—
May 3, 2006
—
Polk County
Huntington Lakeland
Warranty Deed
related
—
Mar 1, 2005
$185,300
Carlos Giraldo
Kb Home Tampa LLC
Grant Deed
$148,150 · First Franklin Financial Corp
Mar 1, 2005
$170,500
Johnson,anthony & Alisha
Kb Home Tampa LLC
Grant Deed
$136,300 · Greenpoint Mortgage Funding
—
—
Tpaf Vi Huntington LLC
—
Loan Modification
related
—
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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