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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Retail space
3333 Cleveland Hts Blvd Lakeland, FL 33803-4754
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-2833715
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Total area
6,178 SF
Lot
1.07 ac (46,740 SF)
Zoning code
C-1
APN
242831000000041050
UPID
US18-2833715
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
-
Jonathan Masters Beauty Hair Salon
-
Peak Annual Wellness Center Home Health Care Service
-
The Heights Salon & Spa Hair Salon Nail Salon
-
how2nailit Hair Salon Nail Salon
-
The Heights: A Salon & Spa Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
$540k
Blend (final)
Blend
$810k
Owner & transaction history
Jgw Cleveland Heights LLC · 2 yrs held
Jgw Cleveland Heights LLC
since 2023
5 recorded transactions
Zoning & alternative use
C-1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,155,000
6.5%
$1,065,000
7%
$990,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,150,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,130,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$810k
Range $729k – $891k · ±10%
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
$131 / 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
$11,046
Tax year 2023
Assessed value
$605,923
Assessed 2023
Previous assessed
$619,841
-2.2% YoY
Effective rate
1.82%
On assessed value
Assessed land
$177,293
Assessed improvement
$428,630
Land market value
$177,293
Improvement market value
$428,630
Total market value
$605,923
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1985
Heating
NONE
Stories
1
Units
1
Total area
6,178 SF
Lot
1.07 ac (46,740 SF)
Zoning code
C-1
APN
242831000000041050
UPID
US18-2833715
Jurisdiction
POLK
Zoning & alternative use
C-1 · Lakeland, FL
Zoning C-1 · permitted uses
C-1 · 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
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1985
Heating
NONE
Stories
1
Units
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Jgw Cleveland Heights LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3616 HARDEN BLVD #388, LAKELAND, FL 33803-5938
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
—
Jgw Cleveland Heights LLC
Dawn Michelle Wright
Warranty Deed
—
Feb 3, 2015
$900,000
Wright,j Glenn Trust
Double M LLC
Warranty Deed
$900,000 · Bank Of Ctrl Fl
Jan 31, 2005
$800,000
Double M LLC
Black Rooster INC
Warranty Deed
$550,000 · Black Rooster INC
Dec 8, 1999
$360,000
Black Rooster INC
Duane Mcquillen Const INC
Grant Deed
—
Aug 13, 1999
$245,000
Duane Mcquillen Construction
Huntington National Bank
Grant Deed
$228,000 · Citrus & Chemical 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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