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Property profile & analytics
OFF-MARKET
Estimated value
$14,255,000
Hotels
3370 Us Hwy 98th N Lakeland, FL 33809-3826
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-7674284
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2016
Total area
57,452 SF
Lot
3.63 ac (158,166 SF)
APN
232736016029000041
UPID
US18-7674284
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
-
TownePlace Suites Lakeland Hotel & Motel
-
Gas station Gas Station
-
Lakeland hotel Hotel & Motel Bed & Breakfast
-
Town plaza suits lakeland Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.82M
Blend (final)
Blend
$14.26M
Owner & transaction history
Lakeland Lodging LLC · 7 yrs held
Lakeland Lodging LLC
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.8M
+14.2%
Auto repair, garage
$14.2M
+9.4%
Medical building
$14.1M
+8.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$12,995,000
Current use
COMMERCIAL (GENERAL)
$14,845,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$14,215,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$14,110,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$13,410,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$10,685,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$14.26M
Range $12.83M – $15.68M · ±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
$248 / 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
$122,679
Tax year 2023
Assessed value
$6,729,603
Assessed 2023
Previous assessed
$6,729,603
+0.0% YoY
Effective rate
1.82%
On assessed value
Total market value
$6,729,603
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
2016
Heating
NONE
Stories
4
Units
1
Total area
57,452 SF
Lot
3.63 ac (158,166 SF)
APN
232736016029000041
UPID
US18-7674284
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$13.0M
COMMERCIAL (GENERAL)
Est. value
$14.8M
AUTO REPAIR, GARAGE
Est. value
$14.2M
MEDICAL BUILDING
Est. value
$14.1M
OFFICE BUILDING
Est. value
$13.4M
RETAIL STORES
Est. value
$10.7M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2016
Heating
NONE
Stories
4
Units
1
Lot
3.63 ac
Current owner
From public records · entity-resolved
Lakeland Lodging LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2390 TOWER DR, MONROE, LA 71201-5760
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2019
$100
Lakeland Lodging LLC
Lakeland Interchange Dev LLC
Quit Claim Deed
related
—
May 13, 2019
—
Lakeland Lodging LLC
—
Loan Modification
related
$10,123,044 · Column Fin'l INC
Apr 1, 2016
—
Lakeland Lodging LLC
—
Grant Deed
related
$10,474,875 · Iberiabank
Mar 4, 2015
$1,350,000
Lakelend Lodging LLC
Moore James W JR
Warranty Deed
—
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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