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Property profile & analytics
OFF-MARKET
Estimated value
$4,735,000
Super regional malls
3800 Us Hwy 98th N Lakeland, FL 33809-3833
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-7350846
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1988
Total area
155,276 SF
Lot
11.57 ac (504,120 SF)
Zoning code
C-5
APN
232735000000012050
UPID
US18-7350846
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 Shoe Store Skateboard 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
$5.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.39M
Blend (final)
Blend
$4.74M
Owner & transaction history
Notfinghill Lakeland LLC · 2 yrs held
Notfinghill Lakeland LLC
since 2023
Last sale
$4.0M
2 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
Method
Estimation
Statistic approach
$4,830,000
ML approach
$5,460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.74M
Range $4.26M – $5.21M · ±10% · vs last sale $4.00M (Sep 12 2023)
Last sale anchor
$4.00M
Sep 12 2023
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
$30 / 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
$49,241
Tax year 2023
Assessed value
$2,701,142
Assessed 2023
Previous assessed
$3,508,531
-23.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$1,916,123
Assessed improvement
$785,019
Land market value
$1,916,123
Improvement market value
$785,019
Total market value
$2,701,142
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
Off-Market
Year built
1988
Heating
NONE
Stories
1
Units
1
Total area
155,276 SF
Lot
11.57 ac (504,120 SF)
Zoning code
C-5
APN
232735000000012050
UPID
US18-7350846
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
11.57 ac
Current owner
From public records · entity-resolved
Notfinghill Lakeland LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1450 BRICKELL AVE STE #1900, MIAMI, FL 33131-3453
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2023
$4,000,000
Notfinghill Lakeland LLC
Seritage Src Finance LLC
Special Warranty Deed
—
Jul 20, 2015
—
Seritage Src Finance LLC
Sears Roebuck & Co
Grant Deed
related
$1,025,000,000 · Jp Morgan Chase Bk
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
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