3130 N Us Highway 98 Lakeland, FL 33805
Property profile & analytics
3130 N Us Highway 98, Lakeland, FL 33805
- Turn key restaurants
- 5,142 SF
- 1.08 lot acres
Property ID
US18-4954105
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.
Location Intelligence
Current Use by Public Records
- Bob Evans / Restaurant
Property Details for 3130 N Us Highway 98
- Year built
- 1985
- Lot size
- 1.08 lot acres
- Zone code
- C-2
- Property type
- Turn key restaurants
- APN
- 232801000000031190
- APU
- 232801000000031190
Description
This exceptional investment opportunity presents a fee-simple, single-tenant, absolute NNN leased Bob Evans restaurant located at 3130 US Hwy 98 N, Lakeland, FL 33805. The property boasts a 5,142 square foot building on a 1.08-acre lot, constructed in 1985 and renovated in 2009. With 88 parking spaces, it benefits from a prime location fronting US Hwy 98 (58,000 vehicles per day) and directly off I-4 (111,500 vehicles per day), within the rapidly growing I-4 corridor connecting Tampa and Orlando. The current lease, commencing May 1, 2018, and expiring April 30, 2037, offers a remaining term of 12.4 years with 2% annual rent bumps and six 5-year lease options. The property generates a strong NOI of $205,040, representing a 5.50% cap rate on the $3,728,000 asking price. The property's strong performance is further supported by Lakeland's robust demographics, including an average household income of $75,928 and a 2.28% annual population growth rate. Polk County, where Lakeland is located, is the fastest-growing county in Florida, experiencing significant population influx due to affordable housing and proximity to major metropolitan areas. The property's APN is 232801000000031190. This is a rare opportunity to acquire a stable, high-performing asset in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $480,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $805,000
Market price range: $403k - $1.09M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lakeland
- County
- Polk
- State
- Florida
- Longitude
- -81.9674
- Latitude
- 28.0817
- 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
$22,341
$636,012
$629,996
$1,266,008
-
$636,012
$629,996
$1,266,008
