Entity Owned Property summary
AI-generated overview
This exceptional Class A commercial property, located at 3234 Florida Ave S in Lakeland, Florida, 33803, presents a unique investment opportunity. The single-story, 17,000 square foot building is zoned for General Commercial use and currently operates as a multi-tenant strip center incorporating retail, office, and restaurant spaces. The property boasts a prime location offering excellent visibility and accessibility. Currently, there is 2,900 square feet of vacant space available, ideal for a variety of businesses. The existing tenants contribute to a thriving commercial environment. The building's modern design and well-maintained interior provide a welcoming atmosphere for both employees and clients. Ample parking is available for tenants and customers. The property's strategic location provides convenient access to major roadways, ensuring ease of transportation and accessibility for employees and customers alike. This versatile space is perfect for businesses seeking a high-profile location in a growing market. The opportunity to lease this space allows businesses to establish a strong presence in a vibrant Lakeland commercial district. Don't miss this chance to secure a prime location for your business's success.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Total area
19,110 SF
Lot
1.41 ac (61,637 SF)
Zoning code
PUD
APN
242831000000034010
UPID
US18-2921741
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Weight Loss Service Health Consultant
-
Restaurant
-
Pediatrician Medical Clinic
-
Mobile Phone Store Electronics & Wireless Store
-
Corporate Office
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.50M
Owner & transaction history
since 2024
Last sale
$2.5M
1 recorded transaction
Zoning & alternative use
PUD · Lakeland, FL
Top alternative use upside
Retail stores
$3.6M
+1.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.50M
Value range
$2.25M – $2.75M
±10% around blend
Estimated value / SF
$131 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$2.25M
blend $2.50M
$2.75M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
19,110 SF
Lot area
1.41 ac
Year built
1984
Stories
1
APN
242831000000034010
Zoning
PUD
Assessed value
$1,324,920
Annual tax
$24,153
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.50M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 26 sales
$183
-29%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $131/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+2%
vs current-use indication
Neighborhood: Shopping Center · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Implied cap rate
9.90%
Implied, in-place cap rate for this strip malls
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.90%
9.0%
NOI (est.)
$175k *
Last sale · Oct 2024
$2.50M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.77M
Move the market yield to see immediate price impact.
Value / SF
$93
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
9.40%9.90%10.40%
$158k
$1.68M
$1.59M
$1.51M
$175k
$1.86M
$1.77M
$1.68M
$193k
$2.05M
$1.94M
$1.85M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,153
Tax year 2023
Assessed value
$1,324,920
Assessed 2023
Previous assessed
$1,324,920
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$559,318
Assessed improvement
$765,602
Land market value
$559,318
Improvement market value
$765,602
Total market value
$1,324,920
Applied tax rate
91,510.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Heating
NONE
Stories
1
Units
1
Total area
19,110 SF
Lot
1.41 ac (61,637 SF)
Zoning code
PUD
APN
242831000000034010
UPID
US18-2921741
Jurisdiction
POLK
Zoning & alternative use
PUD · Lakeland, FLZoning PUD · permitted uses
PUD · Lakeland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Stories
1
Units
1
Lot
1.41 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
PUD
Jurisdiction
Lakeland, FL
Recorded code
PUD
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PUD in Lakeland, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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