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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Retail space
3004 Us Hwy 98th N Lakeland, FL 33805-2102
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US18-4037251
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1976
Total area
3,610 SF
Lot
0.46 ac (19,842 SF)
Zoning code
C-2
APN
232801016500000315
UPID
US18-4037251
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
-
GrowHealthy Dispensary - Lakeland (Bike/Boat/Book/etc) Store
-
Gurney Susan Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$625k
Comparable Approach
Comparable
$525k
Blend (final)
Blend
$610k
Owner & transaction history
Center State Insurance LLC · 17 yrs held
Center State Insurance LLC
since 2008
7 recorded transactions
Zoning & alternative use
C-2 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$935,000
+38.9%
Auto repair, garage
$895,000
+33.0%
Medical building
$885,000
+32.0%
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%
$675,000
6.5%
$625,000
7%
$580,000
Alternative Use
Use
Estimation
RETAIL STORES
$670,000
Current use
COMMERCIAL (GENERAL)
$935,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$895,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$885,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$845,000
Change: +25% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$660,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$169 / 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
$5,859
Tax year 2023
Assessed value
$600,095
Assessed 2023
Previous assessed
$554,136
+8.3% YoY
Effective rate
0.98%
On assessed value
Assessed land
$193,440
Assessed improvement
$406,655
Land market value
$193,440
Improvement market value
$406,655
Total market value
$600,095
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1976
Heating
NONE
Stories
1
Units
1
Bathrooms
1
Total area
3,610 SF
Lot
0.46 ac (19,842 SF)
Zoning code
C-2
APN
232801016500000315
UPID
US18-4037251
Jurisdiction
POLK
Zoning & alternative use
C-2 · Lakeland, FL
Zoning C-2 · permitted uses
C-2 · 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
RETAIL STORES Current
Est. value
$670,000
COMMERCIAL (GENERAL)
Est. value
$935,000
AUTO REPAIR, GARAGE
Est. value
$895,000
MEDICAL BUILDING
Est. value
$885,000
OFFICE BUILDING
Est. value
$845,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$660,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1976
Heating
NONE
Stories
1
Units
1
Bathrooms
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Center State Insurance LLC
Entity
Mailing address
3939 E KNIGHTS GRIFFIN RD, PLANT CITY, FL 33565-2203
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2008
$375,000
Center State Insurance LLC
Country Comfort INC
Warranty Deed
$300,000 · Centerstate Bank Of Florida
Nov 17, 2004
$180,000
Country Comfort INC
Fulmer,frank W & Elizabeth H
Warranty Deed
$144,000 · Suntrust Bank NA
Dec 1, 2003
—
Masing B A
Fulmer,elizabeth H
Quit Claim Deed
related
—
Oct 28, 2003
$125,000
Frank W Fulmer
Montgomery,virgie M & Jesse C
Grant Deed
—
Oct 23, 1998
$200,000
Gluck Trust
Montgomery,j C & Virgie
Grant Deed
$180,400 · Montgomery Trust
Feb 5, 1997
—
Dale L Montgomery
Newton,victor T & Dorothy I
Quit Claim Deed
related
—
—
—
Center State Ins LLC
—
Deed Of Trust
related
$25,000 · Centerstate Bank Of Florida
—
—
Center State Insurance LLC
—
Deed Of Trust
related
$321,569 · Centerstate Bank Of Florida
—
—
Country Comfort INC
—
Deed Of Trust
related
$100,000 · Carey F Highsmith
—
—
Center State Insurance LLC
—
Deed Of Trust
related
$42,000 · Centerstate Bank Of Florida
—
—
Center State Insurance LLC
—
Deed Of Trust
related
$328,000 · Centerstate Bank Of 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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