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Property profile & analytics
OFF-MARKET
Estimated value
$10,945,000
Warehouses
3510 Lakeland Highlands Rd Lakeland, FL 33803-4313
Entity Owned
3-yr Hold
Free & Clear
Property ID
US19-0117235
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2022
Total area
98,793 SF
Lot
2.76 ac (120,269 SF)
APN
242833264002000010
UPID
US19-0117235
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.20M
CAP Approach
CAP
$14.76M
Comparable Approach
Comparable
$7.84M
Blend (final)
Blend
$10.95M
Owner & transaction history
Hpi Self Storage Lakeland LLC · 3 yrs held
Hpi Self Storage Lakeland LLC
since 2022
Last sale
$10.4M
3 recorded transactions
Zoning & alternative use
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
$11,890,000
ML approach
$11,195,000
CAP Approach
CAP Return
Estimation
6%
$15,990,000
6.5%
$14,760,000
7%
$13,710,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,255,000
Current use
Blend value · Realmo final
$10.95M
Range $9.85M – $12.04M · ±10% · vs last sale $10.35M (Sep 9 2022)
Last sale anchor
$10.35M
Sep 9 2022
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
$111 / 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
$132,078
Tax year 2023
Assessed value
$7,245,188
Assessed 2023
Previous assessed
$481,146
+1,405.8% YoY
Effective rate
1.82%
On assessed value
Assessed land
$541,290
Assessed improvement
$6,703,898
Land market value
$541,290
Improvement market value
$6,703,898
Total market value
$7,245,188
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2022
Stories
3
Units
1
Total area
98,793 SF
Lot
2.76 ac (120,269 SF)
APN
242833264002000010
UPID
US19-0117235
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
WAREHOUSE, STORAGE Current
Est. value
$10.3M
WAREHOUSE, STORAGE Current
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
2022
Stories
3
Units
1
Lot
2.76 ac
Current owner
From public records · entity-resolved
Hpi Self Storage Lakeland LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3600 N CAPITAL OF TEXAS HWY, AUSTIN, TX 78746-3314
Ownership since
2022
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
Dec 7, 2023
—
Hpi Self Storage Lakeland LLC
—
Deed
related
—
Sep 9, 2022
$10,350,000
Hpi Self Storage Lakeland LLC
Lakeland Ccss LLC
Special Warranty Deed
—
Jun 1, 2021
$575,000
Lakeland Ccss LLC
Lakeland Highlands Land LLC
Warranty Deed
related
$5,722,960 · Bankflorida
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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