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Property profile & analytics
FOR SALE
Super regional malls
3800 Us Highway 98 N Lakeland, FL 33809
Entity Owned
Free & Clear
Property ID
US18-4103840
For Sale
1 / 12
$5,900,000
3800 Us Highway 98 N, Lakeland, FL 33809
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1988
Total area
425,986 SF
Lot
45.72 ac (1,991,694 SF)
Zoning code
C-5
APN
232735000000012020
UPID
US18-4103840
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
-
Zumiez Skateboard Shop Snowboard Shop
-
JCPenney Department Store
-
rue21 Clothing Store Men'S Clothing Store
-
Champs Sports Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Hot Topic Clothing Store Fashion Accessories Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$34.79M
Owner & transaction history
Comm 2013-ccre7 Lakeland Square Mall LLC
Comm 2013-ccre7 Lakeland Square Mall LLC
since 2026
7 recorded transactions
Zoning & alternative use
C-5 · Lakeland, FL
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$82 / 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
$371,883
Tax year 2023
Assessed value
$20,399,716
Assessed 2023
Previous assessed
$20,399,716
+0.0% YoY
Effective rate
1.82%
On assessed value
Total market value
$20,399,716
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Sale
Year built
1988
Heating
NONE
Stories
1
Units
1
Total area
425,986 SF
Lot
45.72 ac (1,991,694 SF)
Zoning code
C-5
APN
232735000000012020
UPID
US18-4103840
Jurisdiction
POLK
Zoning & alternative use
C-5 · Lakeland, FL
Zoning C-5 · permitted uses
C-5 · Lakeland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakeland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Stories
1
Units
1
Lot
45.72 ac
Current owner
From public records · entity-resolved
Comm 2013-ccre7 Lakeland Square Mall LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 3487, CHICAGO, IL 60654-0482
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2026
$5,600
Comm 2013-ccre7 Lakeland Square Mall LLC
Lakeland Square Mall LLC
Deed
related
—
Sep 12, 2023
$4,000,000
Notfinghill Lakeland LLC
Seritage Src Finance LLC
Special Warranty Deed
—
Mar 29, 2022
—
Lakeland Retail Management LLC
—
Deed
related
$1,200,000 · First Horizon Bank
Nov 18, 2021
$1,500,000
Lakeland Retail Management LLC
3800 Highway 98 LLC
Special Warranty Deed
—
Jan 19, 2018
$945,000
3800 Highway 98 LLC
Macy S Florida Stores LLC
Grant Deed
—
Mar 11, 2013
—
Lakeland Square Mall LLC
—
Deed Of Trust
related
$65,000,000 · Cantor Commercial Real Estate
—
—
Lakeland Square Mall LLC
—
Deed Of Trust
related
$70,000,000 · Cantor Commercial Real Estate
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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