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Property profile & analytics
OFF-MARKET
Estimated value
$6,025,000
Hotels
3260 Us Hwy 98th N Lakeland, FL 33805-2144
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-3190608
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1975
Total area
75,296 SF
Lot
3.9 ac (169,710 SF)
Zoning code
C-2
APN
232801000000033370
UPID
US18-3190608
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
-
Quality Inn Lakeland North Hotel & Motel
-
Ramada Inn Lakeland Hotel & Motel Resort
-
Curry Leaves Indian Cuisine (Lakeland) Restaurant
-
Roxbury Restaurant & Lounge Bar & Pub Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.68M
Comparable Approach
Comparable
$7.28M
Blend (final)
Blend
$6.03M
Owner & transaction history
Om 1961 INC · 6 yrs held
Om 1961 INC
since 2020
Last sale
$5.1M
3 recorded transactions
Zoning & alternative use
C-2 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$5,975,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,240,000
6.5%
$6,680,000
7%
$6,205,000
Blend value · Realmo final
$6.03M
Range $5.42M – $6.63M · ±10% · vs last sale $5.10M (Jan 8 2020)
Last sale anchor
$5.10M
Jan 8 2020
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
$80 / 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
$83,537
Tax year 2023
Assessed value
$4,582,466
Assessed 2023
Previous assessed
$4,582,466
+0.0% YoY
Effective rate
1.82%
On assessed value
Total market value
$4,582,466
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1975
Heating
NONE
Buildings
3
Stories
4
Units
1
Bathrooms
1
Total area
75,296 SF
Lot
3.9 ac (169,710 SF)
Zoning code
C-2
APN
232801000000033370
UPID
US18-3190608
Jurisdiction
POLK
Zoning & alternative use
C-2 · Lakeland, FL
Zoning 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
Lakeland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Stories
4
Buildings
3
Units
1
Bathrooms
1
Lot
3.9 ac
Current owner
From public records · entity-resolved
Om 1961 INC
Entity
Mailing address
3260 US HWY 98TH N, LAKELAND, FL 33805-2144
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2020
$5,100,000
Om 1961 INC
Kt Lakeland INC
Warranty Deed
$4,119,500 · Velocitysba LLC
May 13, 2011
$1,500,000
Kt Lakeland INC
Osprey Assets III INC
Warranty Deed
—
Feb 22, 2011
$5,610,697
Osprey Assets III INC
Striper Partners IV Ltd
Deed In Lieu Of Foreclosure
related
—
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.
Try Rey
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