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Property profile & analytics
OFF-MARKET
Estimated value
$10,745,000
Strip malls
3604 Harden Blvd Lakeland, FL 33803-5938
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-3898761
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Total area
61,497 SF
Lot
11.02 ac (480,118 SF)
APN
232835138170009040
UPID
US18-3898761
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
-
Sunrise Associates Medical Clinic
-
Dean Byron Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.30M
Comparable Approach
Comparable
$7.17M
Blend (final)
Blend
$10.75M
Owner & transaction history
Real Sub LLC · 6 yrs held
Real Sub LLC
since 2020
Last sale
$10.8M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$16.9M
+49.7%
Commercial (general)
$15.9M
+41.0%
Auto repair, garage
$15.2M
+35.0%
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
$12,650,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,325,000
6.5%
$12,300,000
7%
$11,420,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$11,270,000
Current use
OFFICE BUILDING
$16,865,000
Change: +50% · Conversion: Moderate
COMMERCIAL (GENERAL)
$15,890,000
Change: +41% · Conversion: Easy
AUTO REPAIR, GARAGE
$15,215,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$15,105,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$11,470,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$10.75M
Range $9.67M – $11.82M · ±10% · vs last sale $10.80M (Mar 23 2020)
Last sale anchor
$10.80M
Mar 23 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
$175 / 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
$48,621
Tax year 2023
Assessed value
$2,667,112
Assessed 2023
Previous assessed
$5,437,394
-50.9% YoY
Effective rate
1.82%
On assessed value
Total market value
$2,667,112
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1988
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
61,497 SF
Lot
11.02 ac (480,118 SF)
APN
232835138170009040
UPID
US18-3898761
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$11.3M
OFFICE BUILDING
Est. value
$16.9M
COMMERCIAL (GENERAL)
Est. value
$15.9M
AUTO REPAIR, GARAGE
Est. value
$15.2M
MEDICAL BUILDING
Est. value
$15.1M
RETAIL STORES
Est. value
$11.5M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL 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
1988
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
11.02 ac
Current owner
From public records · entity-resolved
Real Sub LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
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
Mar 23, 2020
$10,800,000
Real Sub LLC
Oakbridge Properties INC
Grant Deed
—
Jun 12, 2012
—
Oakbridge Properties II INC
Oakbridge Properties INC
Quit Claim Deed
related
—
Dec 27, 1999
$187,500
Dayton Hudson Corp
Oakbridge Properties INC
Grant 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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