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    Property profile & analytics

    311 Memorial Blvd Lakeland, FL 33801-1766

    • Drug stores
    • 14,086 SF
    • 1.64 lot acres
    OFF-MARKET
    Value Estimation
    $4,330,000
    Last Sale
    Nov 30, 2022
    $4,237,100
    Location Intelligence
    Property ID
    US18-5526675
    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

    • Malika Gordon / Pharmacy
    • LibertyX Bitcoin ATM / Atm
    • COVID-19 Drive-Thru Testing at Walgreens / Medical Laboratory
    • Western Union / Money Transfer Service
    • Glenna Turner / Pharmacy

    Property Details for 311 Memorial Blvd

    Year built
    1994
    Lot size
    1.64 lot acres
    Property size
    14,086 SF
    Zone code
    XX
    Property type
    Drug stores
    APN
    242818203000022090
    APU
    242818203000022090

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,470,000
      6.5%
      $4,165,000
      7%
      $3,980,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,280,000
      Geo Method
      $4,500,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,495,000
      Retail
      $3,795,000
      Mixed-Use
      $4,450,000
      Hospitality
      $3,905,000
      Educational
      $4,450,000
      Residential Income
      $4,440,000
      Energy
      $3,450,000
      Income-Based Land
      $4,635,000
      Food Service
      $3,815,000

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.9548
    Latitude
    28.0545
    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
    $35,874
    $822,538
    $1,145,332
    $1,967,870
    -
    $822,538
    $1,145,332
    $1,967,870

    Comparable in this City

    • Value Estimation by Request
      15,145 SF

      1413 Bartow Rd

      DRUG STORE, PHARMACY • 15,145 SF
      1413 Bartow Rd, Lakeland, FL 33801-6550
      View Details
    • Value Estimation
      $7,060,000
      12,219 SF

      2536 Us Hwy 92nd E

      DRUG STORE, PHARMACY • 12,219 SF
      2536 Us Hwy 92nd E, Lakeland, FL 33801-2601
      View Details
    • Value Estimation by Request
      17,227 SF

      2425 Us Hwy 92nd E

      DRUG STORE, PHARMACY • 17,227 SF
      2425 Us Hwy 92nd E, Lakeland, FL 33801-2649
      View Details
    • Value Estimation by Request
      2,645 SF

      120 Florida Ave

      FINANCIAL BUILDING • 2,645 SF
      120 Florida Ave, Lakeland, FL 33801
      View Details
    • Value Estimation by Request
      1,280 SF

      1321 Parker St

      RETAIL STORES (PERSONAL SERVICES) • 1,280 SF
      1321 Parker St, Lakeland, FL 33801
      View Details
    • Value Estimation by Request
      2,500 SF

      2226 Combee Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      2226 Combee Rd, Lakeland, FL 33801-8052
      View Details

    Similar Nearby for Sale

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      Historic Downtown Building with Elevator

      Two-story historic building with frontage on a busy street.
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      Prime commercial property in Lakeland, ideal for investment or business.
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      Versatile 2,200 SF commercial property with strong income potential.
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    • $1,000,000
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      Lakeland Restaurant - Sale/Leaseback

      Profitable Restaurant, 4,253 SF, Florida
      3415 County Road 542, Lakeland, FL 33801
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    • $137,900
      1,530 SF

      Great location for office or retail. Corner lot with lots of traffic. 9' x 12' Storage room and 12' x 23' office.\r\n \r\n """"}"""

      Lakeland Retail Space - Great Location!
      2195 Combee Rd, Lakeland, FL 33801
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Retail Space in Lakeland, FL

      Retail space available for lease in Lakeland, Florida.
      223 Kentucky Ave, Lakeland, FL 33801
      View Details
    • $13 SF/Yr
      1,750 SF

      Retail Space in East Lakeland

      Retail space available in a 7,900 SF strip center.
      3632 Us Highway 92 E, Lakeland, FL 33801
      View Details
    • $6,000 /Mo
      5,440 SF

      Versatile Commercial Building in Lakeland

      5,440 sq ft building suitable for retail, office, or warehouse.
      4830 Us Highway 92 E, Lakeland, FL 33801
      View Details
    • Contact for pricing
      35,750 SF

      Lakeland Warehouse with Showroom Space

      Warehouse with showroom space available for lease in Lakeland.
      2210 Commerce Point Dr, Lakeland, FL 33801
      View Details
    • Contact for pricing
      1,250 SF

      Lakeland Wholesale/Retail Warehouse Space

      Ground-level warehouse space for lease in Lakeland, Florida.
      2226 Combee Rd, Lakeland, FL 33801
      View Details
    • $10 SF/Yr
      45,130 SF

      Lakeland Retail Center Opportunity

      Prime Lakeland retail space, multiple units available.
      917 Memorial Blvd, Lakeland, FL 33801
      View Details
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    311 Memorial Blvd
    Lakeland, FL 33801-1766
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    Realmo Value Estimation

    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.

    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.

    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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