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Property profile & analytics
OFF-MARKET
Estimated value
$4,670,000
Medical Office Space
3240 Florida Ave Lakeland, FL 33803-4574
Entity Owned
~
Est. High Equity
Property ID
US18-3366004
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1954
Total area
18,504 SF
Lot
0.9 ac (39,126 SF)
Zoning code
C-2
APN
242831262000001010
UPID
US18-3366004
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
-
Cirelli Suellen Medical Clinic
-
Karah Parker, DO Physician
-
Virginia A. Parker, MPAS Medical Clinic
-
Darrell Braham, DO Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.58M
Comparable Approach
Comparable
$4.74M
Blend (final)
Blend
$4.67M
Owner & transaction history
Socarras Parker Medical Complex LLC
Socarras Parker Medical Complex LLC
since 2025
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
C-2 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Commercial
General category
COMMERCIAL
Zone area
1,122.02 ac
Source
Realmo
Top alternative use upside
Office building
$5.1M
+11.7%
Commercial (general)
$4.8M
+5.2%
Auto repair, garage
$4.6M
+0.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,875,000
6.5%
$3,575,000
7%
$3,320,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,545,000
Current use
OFFICE BUILDING
$5,075,000
Change: +12% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,780,000
Change: +5% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,580,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$4.67M
Range $4.20M – $5.14M · ±10% · vs last sale $6.50M (May 6 2025)
Last sale anchor
$6.50M
May 6 2025
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
$252 / 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
$52,149
Tax year 2023
Assessed value
$2,860,649
Assessed 2023
Previous assessed
$2,717,525
+5.3% YoY
Effective rate
1.82%
On assessed value
Assessed land
$508,651
Assessed improvement
$2,351,998
Land market value
$508,651
Improvement market value
$2,351,998
Total market value
$2,860,649
Applied tax rate
91,510.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1954
Heating
NONE
Stories
1
Units
2
Bathrooms
1
Total area
18,504 SF
Lot
0.9 ac (39,126 SF)
Zoning code
C-2
APN
242831262000001010
UPID
US18-3366004
Jurisdiction
POLK
Zoning & alternative use
C-2 · Lakeland, FLZoning C-2 · permitted uses
C-2 · Lakeland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Commercial
General category
COMMERCIAL
Zone area
1,122.02 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$4.5M
OFFICE BUILDING
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.6M
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1954
Heating
NONE
Stories
1
Units
2
Bathrooms
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Socarras Parker Medical Complex LLC
Entity
Mailing address
3242 S FLORIDA AVE, LAKELAND, FL 33803-4574
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2025
$6,500,000
Socarras Parker Medical Complex LLC
Parker Medical Complex LLC
Special Warranty Deed
$2,500,000 · Parker Medical Complex LLC
Jan 28, 2021
—
Parker Medical Complex LLC
—
Deed
related
$1,450,000 · Td Bk NA
Apr 26, 2013
—
Parker Medical Complex LLC
Parker,dane V
Quit Claim Deed
related
$1,830,000 · Td Bank NA
—
—
Dane V Parker
—
Deed Of Trust
related
$45,000 · Platinum Bank
—
—
Dane V Parker
—
Deed Of Trust
related
$45,000 · Platinum Bank
—
—
Dane V Parker
—
Deed Of Trust
related
$120,000 · Platinum Bank
—
—
Dane V Parker
—
Deed Of Trust
related
$330,000 · Platinum Bank
—
—
Parker Medical Complex LLC
—
Deed Of Trust
related
$1,450,000 · Td Bk NA
—
—
Dane V Parker
—
Deed Of Trust
related
$25,000 · Platinum 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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