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Property profile & analytics
OFF-MARKET
Estimated value
$1,630,000
Office buildings
3995 State Rd 60th E Mulberry, FL 33860-7957
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-3523078
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1995
Total area
4,948 SF
Lot
9.94 ac (432,986 SF)
Zoning code
RC
APN
243006000000022010
UPID
US18-3523078
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
-
LANE Construction Corporation Freight Service Logistics Company
-
Model Airplane field Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.98M
CAP Approach
CAP
$1.00M
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$1.63M
Owner & transaction history
Martin Transport INC · 4 yrs held
Martin Transport INC
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
RC · Mulberry, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+25.5%
Commercial (general)
$1.4M
+14.9%
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 Mulberry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mulberry 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
by Request
ML approach
$1,980,000
CAP Approach
CAP Return
Estimation
6%
$1,080,000
6.5%
$1,000,000
7%
$925,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,220,000
Current use
MEDICAL BUILDING
$1,530,000
Change: +25% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,400,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,205,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.63M
Range $1.47M – $1.79M · ±10% · vs last sale $1.60M (Feb 25 2022)
Last sale anchor
$1.60M
Feb 25 2022
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
$329 / 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
$28,567
Tax year 2023
Assessed value
$1,191,798
Assessed 2023
Previous assessed
$1,264,184
-5.7% YoY
Effective rate
2.40%
On assessed value
Assessed land
$194,840
Assessed improvement
$996,958
Land market value
$194,840
Improvement market value
$996,958
Total market value
$1,191,798
Applied tax rate
91,110.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1995
Heating
NONE
Buildings
4
Stories
1
Units
1
Total area
4,948 SF
Lot
9.94 ac (432,986 SF)
Zoning code
RC
APN
243006000000022010
UPID
US18-3523078
Jurisdiction
POLK
Zoning & alternative use
RC · Mulberry, FL
Zoning RC · permitted uses
RC · Mulberry, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mulberry. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1995
Heating
NONE
Stories
1
Buildings
4
Units
1
Lot
9.94 ac
Current owner
From public records · entity-resolved
Martin Transport INC
Entity
Free & Clear · 4 yrs held
Mailing address
4200 STONE RDB, KILGORE, TX 75662-6935
Ownership since
2022
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
Feb 25, 2022
$1,600,000
Martin Transport INC
Dillon Abc LLC
Special Warranty Deed
—
Jan 26, 2022
—
Burr Ridge Properties Re Holdings L
Dillon 4 LLC
Quit Claim Deed
related
—
Oct 8, 2021
$808,300
Dillon Abc
Burr Ridge Properties Re Holdings L
Quit Claim Deed
related
—
Jun 8, 2017
—
Dillon 4 LLC
—
Deed
related
$1,150,000 · State Bk/davis
Oct 4, 2013
$1,000,000
Dillon 4 LLC
Lane Construction Corp
Grant Deed
$16,000,000 · North Shore Community Bank
Jun 5, 2003
$2,500,000
Lane Construction Co
Bulger,j M
Grant Deed
—
—
—
Dillon 4 LLC
—
Deed Of Trust
related
$1,150,000 · State Bk/davis
—
—
J M Bulger
—
Deed Of Trust
related
$750,000 · Citrus & Chemical Bank
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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