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Property profile & analytics
OFF-MARKET
Estimated value
$3,725,000
Warehouses
3618 Waterfield Pkwy Lakeland, FL 33803
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4182699
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1981
Total area
18,368 SF
Lot
1.53 ac (66,429 SF)
APN
242834270310000030
UPID
US18-4182699
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
$3.73M
CAP Approach
CAP
$2.75M
Comparable Approach
Comparable
$2.51M
Blend (final)
Blend
$3.73M
Owner & transaction history
L & W Supply Corporation · 1 yrs held
L & W Supply Corporation
since 2024
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.0M
+164.2%
Commercial (general)
$4.7M
+148.9%
Auto repair, garage
$4.5M
+138.3%
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
$3,725,000
ML approach
$3,725,000
CAP Approach
CAP Return
Estimation
6%
$2,975,000
6.5%
$2,745,000
7%
$2,550,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,040,000
Change: +164% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,745,000
Change: +149% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,545,000
Change: +138% · Conversion: Easy
MEDICAL BUILDING
$4,510,000
Change: +137% · Conversion: Difficult
RETAIL STORES
$3,425,000
Change: +80% · Conversion: Moderate
Blend value · Realmo final
$3.73M
Range $3.35M – $4.10M · ±10% · vs last sale $3.72M (Sep 24 2024)
Last sale anchor
$3.72M
Sep 24 2024
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
$203 / 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
$14,720
Tax year 2023
Assessed value
$1,070,385
Assessed 2023
Previous assessed
$1,070,385
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$142,822
Assessed improvement
$927,563
Land market value
$142,822
Improvement market value
$927,563
Total market value
$1,070,385
Applied tax rate
91,000.0000
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
1981
Heating
NONE
Stories
1
Units
1
Total area
18,368 SF
Lot
1.53 ac (66,429 SF)
APN
242834270310000030
UPID
US18-4182699
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
OFFICE BUILDING
Est. value
$5.0M
COMMERCIAL (GENERAL)
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$4.5M
RETAIL STORES
Est. value
$3.4M
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
1981
Heating
NONE
Stories
1
Units
1
Lot
1.53 ac
Current owner
From public records · entity-resolved
L & W Supply Corporation
Entity
Free & Clear · 1 yrs held
Mailing address
1 ABC PKWY, BELOIT, WI 53511-4466
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2024
$3,723,800
L & W Supply Corporation
Land Baron Xiv LLC
Special Warranty Deed
—
Aug 26, 2020
—
Land Baron Xiv LLC
Land Baron Ix LLC
Quit Claim Deed
related
$1,300,000 · Td Bk NA
Nov 14, 2018
—
Land Baron Ix LLC
—
Deed
related
$640,000 · City Nat'l Bk/fl
Apr 24, 2015
$686,800
Land Baron Ix LLC
Rosen Materials LLC
Grant Deed
—
Jun 26, 2013
$900,000
Rosen Materials LLC
Investment Group One
Warranty Deed
—
—
—
Investment Group Of Florida Polk
—
Deed Of Trust
related
$382,000 · Public Bank
—
—
Land Baron Ix LLC
—
Loan Modification
related
$640,000 · City Nat'l Bk/fl
—
—
Rosen Materials LLC
—
Deed Of Trust
related
$720,000 · Investment Group One
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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