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    400 6th NW St Winter Haven, FL 33881-4062
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    Property profile & analytics

    400 6th NW St, Winter Haven, FL 33881-4062

    View on Map
    • Drug stores
    • 12,399 SF
    • 2.00 lot acres
    Off-Market
    Property ID
    US18-2819971
    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
    $2,350,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CVS Pharmacy / Pharmacy
    • CDReload - Online Bitcoin ATM / Atm / Currency Exchange Service
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • UPS Access Point location / Courier Service / Postal Service
    • Primo Water Refill / Big Box & Wholesale Store

    Property Details for 400 6th NW St

    Year built
    1999
    Lot size
    2.00 lot acres
    Property type
    Drug stores
    APN
    262820569000000010
    APU
    262820569000000010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 21, 2019 — 348 Malcolm Realty Corp — Deed · related $2.2M · Cherrywood Mtg LLC
    Apr 3, 2019 — 348 Malcolm Realty Corp 246 Wh LLC Correction Deed · related —
    Feb 13, 2019 $5,000,000 348 Malcolm Realty Corp 246 Wh LLC Grant Deed —
    Feb 13, 2019 $3,835,000 246 Wh LLC Kobymay Winter Haven LLC Grant Deed —
    Aug 17, 2012 $3,400,000 Kobymay Winter Haven LLC Lmc Winter Haven INC Grant Deed $1M · Valley National Bank
    Feb 3, 1999 $175,000 Sembler E D P Ptshp #10 Ltd Bonifay,e P & Betty N Grant Deed —
    — — 348 Malcolm Realty Corp — Deed Of Trust · related $2.2M · Cherrywood Mtg LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,320,000
      6.5%
      $2,140,000
      7%
      $1,990,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,356,000
      Market price range: $462k - $2.36M
      AI Estimate
      $2,558,000
      Market price range: $923k - $2.56M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,460,000
      Current use
      OFFICE BUILDING
      $3,320,000
      Change: +128% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,640,000
      Change: +81% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,270,000
      Change: +56% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $2,260,000
      Change: +55% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Winter Haven
    County
    Polk
    State
    Florida
    Longitude
    -81.7323
    Latitude
    28.0264
    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
    $35,223
    $609,946
    $1,219,167
    $1,829,113
    -
    $609,946
    $1,219,167
    $1,829,113

    Comparable in this City

    • Value Estimation
      $3,030,000
      15,980 SF

      805 Havendale NW Blvd

      DRUG STORE, PHARMACY
      805 Havendale NW Blvd, Winter Haven, FL 33881-1311
      View Details
    • Value Estimation by Request
      1,647 SF

      1450 42nd NW St

      RETAIL STORES (PERSONAL SERVICES)
      1450 42nd NW St, Winter Haven, FL 33881-3609
      View Details
    • Value Estimation by Request
      1,539 SF

      223 Martin Luther King NE Blvd

      RETAIL STORES (PERSONAL SERVICES)
      223 Martin Luther King NE Blvd, Winter Haven, FL 33881-2543
      View Details
    • Value Estimation by Request
      1,556 SF

      2416 Lucerne Park Rd

      RETAIL STORES (PERSONAL SERVICES)
      2416 Lucerne Park Rd, Winter Haven, FL 33881-1666
      View Details
    • Value Estimation by Request
      3,314 SF

      437 Martin Luther King NE Blvd

      RETAIL STORES (PERSONAL SERVICES)
      437 Martin Luther King NE Blvd, Winter Haven, FL 33881-2547
      View Details
    • Value Estimation by Request
      624 SF

      1490 1st N St

      RETAIL STORES (PERSONAL SERVICES)
      1490 1st N St, Winter Haven, FL 33881-2421
      View Details

    Similar Nearby for Sale

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    • $750,000

      Pool Business on US 92

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      Nearly 3-acre property ideal for office, retail, or hotel.
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    • $750,000
      1,200 SF

      Pool Business on US 92

      Pool business with frontage on US 92 in Winter Haven.
      2999 Us Highway 92, Winter Haven, FL 33881
      View Details

    Similar Nearby for Lease

    • $29,940
      1,444 SF

      Downtown Winter Haven Commercial Opportunity

      Prime commercial/office space in a growing business district.
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    • Contact for pricing
      1,500 SF

      Retail and Restaurant Space Available

      Build-to-suit retail and restaurant spaces in downtown Winter Haven.
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    • Contact for pricing
      1,525 SF

      Winter Haven Retail Space Available

      Retail and restaurant spaces available for lease in Winter Haven.
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      View Details
    • Contact for pricing

      Winter Haven Warehouse with Yard

      19,800 SF warehouse space with yard in Winter Haven.
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      View Details
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    Winter Haven, FL 33881-4062
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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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