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    3003 Bartow Rd Lakeland, FL 33803-8358
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    Property profile & analytics

    3003 Bartow Rd, Lakeland, FL 33803-8358

    View on Map
    • Specialty properties
    • 3,101 SF
    • 0.63 lot acres
    Off-Market
    Last Sale May 4, 2021
    $1,200,000
    Property ID
    US18-4794323
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,320,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Companion Animal Hospital / Veterinary Clinic

    Property Details for 3003 Bartow Rd

    Year built
    1962
    Lot size
    0.63 lot acres
    Zone code
    C-2
    Property type
    Specialty properties
    APN
    242828000000024020
    APU
    242828000000024020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 2, 2021 — Terravet III Avg Master LLC — Deed · related $120M · Key Bank NA
    May 4, 2021 $1,200,000 Terra Vet III Avg Master LLC Companion Animal Hospital INC Warranty Deed —
    Oct 19, 2020 — Companion Animal Hospital INC — Deed · related $367k · Bank Of Ctrl Fl
    Dec 9, 2011 $450,000 Companion Animal Hospital INC Holden,jeffrey Warranty Deed $274k · Community Bank Of Florida
    Jul 28, 2006 $300,000 Lakeland Veterinary Hosp INC Gardner Joanne R Trust Warranty Deed $420k · Amsouth Bank
    — — Companion Animal Hospital INC — Deed Of Trust · related $367k · Bank Of Ctrl Fl

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,395,000
      ML approach
      $1,480,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.9156
    Latitude
    28.0148
    CBSA code
    29460
    CBSA name
    LAKELAND, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,742
    $146,402
    $278,295
    $424,697
    -
    $146,402
    $278,295
    $424,697

    Comparable in this City

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      0.92 Acres

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      CHARITABLE ORGANIZATION
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    • Value Estimation
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      5,800 SF

      1625 Ariana St

      PROFESSIONAL CLUBS/ASSOCIATIONS
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    • Value Estimation
      $11,055,000
      3,621 SF

      1100 Oakbridge Pkwy, Unit 20

      PROFESSIONAL CLUBS/ASSOCIATIONS
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    • Value Estimation by Request
      7.43 Acres

      Oakbridge Blvd

      SHOPPING CENTER COMMON AREA
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      View Details
    • Value Estimation by Request
      2,283 SF

      3609 Us Hwy 98th S

      VETERINARY, ANIMAL HOSPITAL
      3609 Us Hwy 98th S, Lakeland, FL 33803-7351
      View Details
    • Value Estimation by Request
      352 SF

      Watson Dr

      CHARITABLE ORGANIZATION
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      View Details

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      Lakeland Multifamily Investment Opportunity

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      Lakeland Warehouse with Flexible Units

      12,000 SF warehouse with units from 1,250-2,500 SF.
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    • $150,000
      3,600 SF

      Established Smoke Shop in Lakeland

      Turn-key smoke shop in high-traffic Lakeland corridor for sale.
      2810 Florida Ave S, Lakeland, FL 33803
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    • $59,900
      0.23 Acres

      Residential Lot in Lakeland, FL

      Residential lot available for sale in Lakeland, Florida.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available for rent, 4,623 SqFt.
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      View Details
    • Contact for pricing

      Renovated Office Building in Dixieland

      Two-story, 1,986 SF office building in Lakeland's Dixieland District.
      114 Palmola St, Lakeland, FL 33803
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      Lakeland Retail Space For Rent

      Retail space available in Lakeland's premier power center.
      3615 Florida Ave S, Lakeland, FL 33803
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    • Contact for pricing
      76,902 SF

      Retail/Office Center Near Polk Parkway

      Mixed-use retail and office center in high-growth Lakeland market.
      1650 Town Center Dr, Lakeland, FL 33803
      View Details
    • Contact for pricing
      9,450 SF

      Lakeland Warehouse with Office Space

      9,450 SF warehouse with 3,750 SF office space for rent.
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    Lakeland, FL 33803-8358
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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