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Property profile & analytics
FOR LEASE
Retail space
314 N Kentucky Ave Lakeland, FL 33801
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-5448242
For Lease
1 / 18
$25.45 SF/Yr
314 N Kentucky Ave, Lakeland, FL 33801
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1952
Total area
4,437 SF
Lot
0.11 ac (4,879 SF)
Zoning code
C-6
APN
242818201000003012
UPID
US18-5448242
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
-
55 Gallon Drums Lakeland Big Box & Wholesale Store Factory
-
AreaEcho Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$630k
Blend (final)
Blend
$675k
Owner & transaction history
Sunpower Contractors INC · 3 yrs held
Sunpower Contractors INC
since 2023
Last sale
$590,000
7 recorded transactions
Zoning & alternative use
C-6 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+42.3%
Medical building
$1.1M
+41.2%
Office building
$950,000
+23.4%
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
$755,000
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
$830,000
6.5%
$765,000
7%
$710,000
Alternative Use
Use
Estimation
RETAIL STORES
$770,000
Current use
AUTO REPAIR, GARAGE
$1,100,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$1,090,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$950,000
Change: +23% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$815,000
Change: +5% · Conversion: Moderate
COMMERCIAL (GENERAL)
$645,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $590k (May 10 2023)
Last sale anchor
$590k
May 10 2023
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
$152 / 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
$5,726
Tax year 2023
Assessed value
$283,072
Assessed 2023
Previous assessed
$265,948
+6.4% YoY
Effective rate
2.02%
On assessed value
Assessed land
$25,859
Assessed improvement
$257,213
Land market value
$25,859
Improvement market value
$257,213
Total market value
$283,072
Applied tax rate
91,511.0000
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
For Lease
Year built
1952
Heating
NONE
Stories
1
Units
1
Total area
4,437 SF
Lot
0.11 ac (4,879 SF)
Zoning code
C-6
APN
242818201000003012
UPID
US18-5448242
Jurisdiction
POLK
Zoning & alternative use
C-6 · Lakeland, FL
Zoning C-6 · permitted uses
C-6 · 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
$770,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$950,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$815,000
COMMERCIAL (GENERAL)
Est. value
$645,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1952
Heating
NONE
Stories
1
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Sunpower Contractors INC
Entity
Mailing address
1010 W BEACON RD, LAKELAND, FL 33803-2704
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2025
—
Sunpower Contractors INC
—
Deed
related
$679,000 · Midflorida Cu
May 10, 2023
$590,000
Sunpower Contractors INC
George M Johnson II
Warranty Deed
$413,000 · Janice Victor
Mar 8, 2019
—
George M Johnson
—
Deed
related
$225,000 · Centerstate Bk NA
Nov 22, 2000
$175,000
George M Johnson
Morris,barbara A
Grant Deed
$165,000 · Seller
Dec 10, 1998
$55,000
Barbara A Morris
Albritton,e K & Sue P
Grant Deed
—
—
—
George M Johnson
—
Deed Of Trust
related
$225,000 · Centerstate Bk NA
—
—
George M Johnson III
—
Deed Of Trust
related
$650,000 · Centennial Bk
—
—
George M Johnson III
—
Deed Of Trust
related
$300,000 · Wells Fargo Bank
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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