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    Property profile & analytics

    3415 E County Road 542 Lakeland, FL 33801

    • Bars
    • 1,853 SF
    • 0.77 lot acres
    For Sale
    View listing
    $975,000
    Value Estimation
    Last Sale
    Sep 24, 2020
    $230,000
    Location Intelligence
    Property ID
    US18-4617879
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • M & ? Rumbas sport bar & grill / Sports Bar
    • Jaimor Investments d/b/a Rumba Bar & Grill / Restaurant
    • M&M Rumba's Sports bar & Grill / Sports Bar / Bar
    • Lechonera rumba / Restaurant

    Property Details for 3415 E County Road 542

    Year built
    1978
    Lot size
    0.77 lot acres
    Property size
    1,853 SF
    Zone code
    C-3
    Property type
    Bars
    Property subtype
    Pubs
    APN
    242814000000044040
    APU
    242814000000044040

    Description

    This exceptional Lakeland restaurant presents a unique sale-leaseback opportunity. Located at 3415 E County Rd 542, Polk County, Florida (zip code 33801), this fully renovated establishment boasts 4,253 square feet on a 0.77-acre lot. The property is zoned Commercial/Industrial and features new equipment, ensuring a smooth transition for the new owner. With over 100 seats and a consistent clientele, this restaurant generates a strong cash flow, offering a compelling 10% capitalization rate. The asking price is $1,000,000. The property's Assessed Parcel Number (APN) is 24-28-14-000000-044040. This turnkey operation is ready for immediate occupancy, available July 6th, 2023. The sale includes both the real estate and the established business, providing a complete and lucrative investment package. This is an ideal opportunity for an experienced restaurateur seeking a profitable venture with significant growth potential in a thriving Lakeland location. The property's prime location and established reputation make this a truly exceptional investment opportunity. Don't miss out on this chance to acquire a successful, high-cash-flow restaurant with significant upside.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $225,000

    • CAP approach

      CAP return
      Estimation
      6%
      $140,000
      6.5%
      $155,000
      7%
      $165,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $155,000
      Geo Method
      $145,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $185,000
      Retail
      $165,000
      Mixed-Use
      $185,000
      Hospitality
      $190,000
      Educational
      $190,000
      Residential Income
      $150,000
      Energy
      $160,000
      Income-Based Land
      $155,000
      Food Service
      $150,000

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.8907
    Latitude
    28.0439
    CBSA code
    29460
    CBSA name
    LAKELAND, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,748
    $21,852
    $179,950
    $201,802
    -
    $21,852
    $179,950
    $201,802

    Comparable in this City

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      1030 Main St

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      111 Kentucky Ave

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      2,846 SF

      2523 Broadway St

      BAR, TAVERN • 2,846 SF
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      View Details
    • Value Estimation
      $250,000
      4,200 SF

      120 Kentucky Ave

      BAR, TAVERN • 4,200 SF
      120 Kentucky Ave, Lakeland, FL 33801-5002
      View Details

    Similar Nearby for Sale

    • $1,099,000
      1,250 SF

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      Turn-key restaurant, high traffic location.
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      View Details
    • $450,000
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      Lakeland Restaurant Opportunity For Sale

      Fully operational restaurant with building, land, and equipment for sale.
      3415 E County Road 542, Lakeland, FL 33801
      View Details
    • $1,000,000
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      Lakeland Restaurant - Sale/Leaseback

      Profitable Restaurant, 4,253 SF, Florida
      3415 County Road 542, Lakeland, FL 33801
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    Similar Nearby for Lease

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    • $10 SF/Yr
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      Lakeland Retail Center Opportunity

      Prime Lakeland retail space, multiple units available.
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    • Contact for pricing
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    3415 E County Road 542
    Lakeland, FL 33801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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