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Property profile & analytics
OFF-MARKET
Estimated value
$4,495,000
Warehouses
300 Lime St Lakeland, FL 33815-4649
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5986790
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1997
Total area
43,200 SF
Lot
17.11 ac (745,399 SF)
Zoning code
PUD
APN
232824000000011010
UPID
US18-5986790
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
-
The Ledger Publishing House Newspaper & Magazine
-
Ledger Media Group Publishing House
-
Smart Real Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.60M
Blend (final)
Blend
$4.50M
Owner & transaction history
Roger G Downs JR · 6 yrs held
Roger G Downs JR
since 2020
7 recorded transactions
Zoning & alternative use
PUD · 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
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
WAREHOUSE, STORAGE
$4,485,000
Current use
Blend value · Realmo final
$4.50M
Range $4.05M – $4.94M · ±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
$104 / 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
$68
Tax year 2023
Assessed value
$20,090,134
Assessed 2023
Previous assessed
$19,297,031
+4.1% YoY
Effective rate
0.00%
On assessed value
Assessed land
$1,599,948
Assessed improvement
$18,490,186
Land market value
$1,599,948
Improvement market value
$18,490,186
Total market value
$20,090,134
Applied tax rate
91,511.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Heating
NONE
Buildings
4
Stories
1
Units
1
Total area
43,200 SF
Lot
17.11 ac (745,399 SF)
Zoning code
PUD
APN
232824000000011010
UPID
US18-5986790
Jurisdiction
POLK
Zoning & alternative use
PUD · Lakeland, FL
Zoning PUD · permitted uses
PUD · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.5M
WAREHOUSE, STORAGE Current
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
1997
Heating
NONE
Stories
1
Buildings
4
Units
1
Lot
17.11 ac
Current owner
From public records · entity-resolved
Roger G Downs JR
Individual
Free & Clear · 6 yrs held
Mailing address
1401 BROAD ST, CLIFTON, NJ 07013-4236
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2020
$15,000
Roger G Downs JR
Cameron Woods
Grant Deed
—
Dec 27, 2016
—
Lakeland West Lime LLC
300 West Lime Lakeland LLC
Quit Claim Deed
related
$12,952,278 · Malvern Fsb
Dec 27, 2016
$19,476,600
Cdfp Capital Mgmt 2006 LP
300 West Lime Lakeland LLC
Grant Deed
related
—
Jun 18, 2015
$8,100
Cameron Woods
Clerk Of Circuit Court/polk Count
Tax Deed
—
Sep 21, 2012
—
Halifax North Central Fl LLC
—
Deed Of Trust
related
$99,200,000 · Lbc Credit Ptrs II LP
Jan 18, 2012
—
Rps West Lime Street Lakeland
Lakeland Ledger Publishing Cor
Quit Claim Deed
related
—
Jan 18, 2012
$8,300,000
Rps West Lime Street Lakeland
Lakeland Ledger Publishing Cor
Quit Claim Deed
related
—
—
—
Rps News Journal Building LLC
—
Loan Modification
related
$99,200,000 · Lbc Credit Ptrs II
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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