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    3700 Bannon Is Rd Haines City, FL 33844-6700
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    Property profile & analytics

    3700 Bannon Is Rd, Haines City, FL 33844-6700

    View on Map
    • Warehouses
    • 190,607 SF
    • 118.87 lot acres
    Off-Market
    Property ID
    US18-7177432
    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.
    Value Estimations
    $30,880,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 3700 Bannon Is Rd

    Year built
    2020
    Lot size
    118.87 lot acres
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    272803000000012010
    APU
    272803000000012010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 18, 2019 $3,135,000 Cv Nla II LP Mc Land Holdings LLC Grant Deed —
    Oct 30, 2007 — Polk County Mcland Holdings LLC Warranty Deed · related —
    Aug 24, 2007 — Mc Land Holdings LLC — Deed Of Trust · related $12.1M · Carolina First Bank
    Oct 5, 2005 — Mcland Holdings LLC Metromont Corp Grant Deed · related —
    Jul 1, 2004 $1,253,900 Metromont Corp Aac Marketing INC Grant Deed $894k · National Bank South Carolina

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $30,855,000
      6.5%
      $28,480,000
      7%
      $26,445,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $37,986,000
      Market price range: $13.4M - $38.0M
      AI Estimate
      $26,179,000
      Market price range: $8.15M - $26.2M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $23,720,000
      Current use
      AUTO REPAIR, GARAGE
      $46,400,000
      Change: +96% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $34,935,000
      Change: +47% Conversion: Moderate
      RETAIL STORES
      $29,845,000
      Change: +26% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Haines City
    County
    Polk
    State
    Florida
    Longitude
    -81.599
    Latitude
    28.0802
    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
    $436,367
    $3,365,656
    $24,839,097
    $28,204,753
    -
    $3,365,656
    $24,839,097
    $28,204,753

    Comparable in this City

    • Value Estimation by Request
      2,080 SF

      1105 Polk City Rd

      MINI-WAREHOUSE, STORAGE
      1105 Polk City Rd, Haines City, FL 33844-3261
      View Details
    • Value Estimation by Request
      4,062 SF

      212 12th St

      MINI-WAREHOUSE, STORAGE
      212 12th St, Haines City, FL 33844
      View Details
    • Value Estimation
      $630,000
      4,378 SF

      1099 Commerce Ave

      MINI-WAREHOUSE, STORAGE
      1099 Commerce Ave, Haines City, FL 33844-3272
      View Details
    • Value Estimation
      $640,000
      4,800 SF

      650 Us Hwy 1792

      MINI-WAREHOUSE, STORAGE
      650 Us Hwy 1792, Haines City, FL 33844
      View Details
    • Value Estimation by Request
      1,200 SF

      2008 Us Hwy 17th 92nd N

      MINI-WAREHOUSE, STORAGE
      2008 Us Hwy 17th 92nd N, Haines City, FL 33844-9594
      View Details
    • Value Estimation
      $540,000
      2,496 SF

      1605 Lockhart Ave

      MINI-WAREHOUSE, STORAGE
      1605 Lockhart Ave, Haines City, FL 33844-6601
      View Details

    Similar Nearby for Sale

    • $15,100,000
      175,564 SF

      Haines City Cold Storage Facility

      175,564 SF industrial facility with cold storage capabilities.
      8 Railroad Ave, Haines City, FL 33844
      View Details
    • $595,990
      8,196 SF

      Haines City Mixed-Use Opportunity

      Mixed-use building with frontage on N 8th St in Haines City.
      20 N 8Th St, Haines City, FL 33844
      View Details
    • $110,000
      0.85 Acres

      Residential Land in Haines City

      0.85 acre residential land parcel in Haines City, Florida.
      Sr-17, Haines City, FL 33844
      View Details
    • Contact for pricing
      2.50 Acres

      Recreational Lot in Polk County

      Secluded 2.5-acre recreational lot, ideal for outdoor enjoyment.
      Other City - In The Jb Carter Rd, State Of Florida, FL 33844
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Proposed Class A Warehouse Space

      594,000 RSF Class A warehouse space available for sale or lease.
      200 State Road 544, Haines City, FL 33844
      View Details
    • Contact for pricing

      Haines City Industrial Mixed-Use Facility

      175,564 SF industrial facility with cold storage and logistics capabilities.
      8 Railroad Ave, Haines City, FL 33844
      View Details
    • Contact for pricing
      72,800 SF

      Haines City Warehouse Space Available

      Class A warehouse space for lease near I-4.
      167 Delbert Collins Rd, Haines City, FL 33844
      View Details
    • Contact for pricing
      295,000 SF

      Haines City Distribution Space Available

      295,000 SF freezer/cooler distribution space, divisible to 50,000 SF.
      17 & Cr 544, Haines City, FL 33844
      View Details
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    Haines City, FL 33844-6700
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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