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    Property profile & analytics

    301 Havendale Blvd Auburndale, FL 33823

    • Drug stores
    • 3,182 SF
    • 0.36 lot acres
    For Sale
    View listing
    $850,000
    Last Sale
    Jan 13, 2022
    $540,000
    Value Estimations
    Cap Rate Potential
    5.8%
    Drug stores
    Location Intelligence
    Property ID
    US18-5966170
    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.

    Current Use by Public Records

    • Benzer PetMed / Veterinary Clinic

    Property Details for 301 Havendale Blvd

    Year built
    1972
    Lot size
    0.36 lot acres
    Property size
    3,182 SF
    Property type
    Drug stores
    APN
    252811000000022310
    APU
    252811000000022310

    Description

    This exceptional 3,182 square foot retail property, located at 301 Havendale Blvd in Auburndale, Florida (zip code 33823), presents a unique investment opportunity. The building, previously utilized as a pharmacy, boasts a convenient drive-thru in the rear, adding significant operational flexibility for a variety of retail uses. The asking price is $850,000, translating to a price per square foot of $267.13. Situated in Polk County, this single-standing structure offers ample space for a grocery store, pharmacy, storefront, or a combination thereof. Its strategic location in Auburndale provides excellent visibility and accessibility for customers. The property's versatile layout and existing drive-thru feature make it an attractive option for businesses seeking a ready-to-use space with added convenience. The building's size and location within a thriving community make it an ideal investment for entrepreneurs and seasoned investors alike. This is a rare opportunity to acquire a well-positioned retail space in a desirable Florida market. Serious inquiries are encouraged to explore the potential of this remarkable property. Further details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $615,000
      ML approach
      $575,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $595,000
      6.5%
      $550,000
      7%
      $510,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $536,000
      Market price range: $155k - $536k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $645,000
      Current use
      COMMERCIAL (GENERAL)
      $900,000
      Change: +39% Conversion: Easy
      AUTO REPAIR, GARAGE
      $775,000
      Change: +20% Conversion: Difficult
      OFFICE BUILDING
      $700,000
      Change: +8% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $585,000
      Change: -10% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburndale
    County
    Polk
    State
    Florida
    Longitude
    -81.78
    Latitude
    28.0567
    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
    $7,113
    $124,152
    $305,688
    $429,840
    -
    $124,152
    $305,688
    $429,840

    Comparable in this City

    • Value Estimation
      $4,805,000
      17,690 SF

      501 Havendale Blvd

      DRUG STORE, PHARMACY • 17,690 SF
      501 Havendale Blvd, Auburndale, FL 33823-4629
      View Details
    • Value Estimation
      $2,690,000
      14,682 SF

      99 Magnolia Ave

      DRUG STORE, PHARMACY • 14,682 SF
      99 Magnolia Ave, Auburndale, FL 33823-4301
      View Details
    • Value Estimation by Request
      3,024 SF

      109 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,024 SF
      109 Main St, Auburndale, FL 33823-3401
      View Details
    • Value Estimation by Request
      1,600 SF

      306 Park St

      RETAIL STORES (PERSONAL SERVICES) • 1,600 SF
      306 Park St, Auburndale, FL 33823-3411
      View Details
    • Value Estimation by Request
      2,178 SF

      617 Pne St

      RETAIL STORES (PERSONAL SERVICES) • 2,178 SF
      617 Pne St, Auburndale, FL 33823-4405
      View Details
    • Value Estimation
      $1,615,000
      8,510 SF

      500 Us Hwy 92nd E

      RETAIL STORES (PERSONAL SERVICES) • 8,510 SF
      500 Us Hwy 92nd E, Auburndale, FL 33823-4325
      View Details

    Similar Nearby for Sale

    • $850,000
      3,182 SF

      Prime Auburndale Retail Space

      3,182 SF Grocery/Pharmacy - $850K
      301 Havendale Blvd, Auburndale, FL 33823
      View Details
    • Contact for pricing
      9,476 SF

      Auburndale Retail Storefront Opportunity

      9,476 SF Freestanding Retail Building
      1058 Berkley Rd, Auburndale, FL 33823
      View Details
    • $284,900
      1,476 SF

      Remodeled Commercial Property in Auburndale

      Move-in ready commercial property with modern updates and fenced yard.
      208 Ctr St St, Auburndale, FL 33823
      View Details
    • $3,000,000
      18,277 SF

      Auburndale Retail Investment

      18,277 SF Free-Standing Building, 100% Occupied
      521 Hughes Rd, Auburndale, FL 33823
      View Details
    • $1,290,000
      Pending

      Multifamily and Commercial Mixed-Use Property

      Two-story mixed-use property with 17 residential units and 4 storefronts.
      206 Pilaklakaha Ave, Auburndale, FL 33823
      View Details
    • Contact for pricing
      1,611 SF

      Auburndale Retail Opportunity For Sale

      Retail property with drive-through, take-out, and open space.
      3615 Havendale Blvd, Auburndale, FL 33823
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,560 SF

      Retail Space in Auburndale, FL

      1,920 SF retail space with ample parking and high visibility.
      3629 Havendale Blvd, Auburndale, FL 33823
      View Details
    • $1,946,417

      Auburndale Verizon Wireless Store

      Verizon Wireless store in Auburndale, Florida with lease options.
      2143 Us Highway 92 W, Auburndale, FL 33823
      View Details
    • Contact for pricing
      9,476 SF

      Auburndale Retail Building For Sale

      9,476 SF Freestanding Retail Space in Auburndale, FL
      1058 Berkley Rd, Auburndale, FL 33823
      View Details
    • Contact for pricing
      106,437 SF

      Auburndale Industrial Warehouse

      106,437 SF Warehouse, 15.74 Acres
      500 Mckean St, Auburndale, FL 33823
      View Details
    • Contact for pricing

      Auburndale Warehouse with Cold Storage

      Warehouse with cold storage, freezer, office, and truck parking.
      Bridgers Ave W, Auburndale, FL 33823
      View Details
    • Contact for pricing
      163,020 SF

      Auburndale Warehouse Under Construction

      163,372 SF dock-high warehouse with I-4 access.
      Bryan Ln, Auburndale, FL 33823
      View Details
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    Auburndale, FL 33823
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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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