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Property profile & analytics
OFF-MARKET
Estimated value
$7,590,000
Motels
4000 Florida Ave Lakeland, FL 33805-1925
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-0468436
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2007
Total area
43,536 SF
Lot
2.46 ac (107,201 SF)
Zoning code
MF12
APN
232736000000012010
UPID
US18-0468436
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
-
WoodSpring Suites Lakeland Hotel & Motel Vacation Rental
-
ati Training Center Vocational School
-
Extended Stay America Select Suites - Lakeland Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.49M
Blend (final)
Blend
$7.59M
Owner & transaction history
Place Lakeland Fl North Value · 12 yrs held
Place Lakeland Fl North Value
since 2013
7 recorded transactions
Zoning & alternative use
MF12 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.3M
+14.2%
Auto repair, garage
$10.8M
+9.4%
Medical building
$10.7M
+8.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$9,850,000
Current use
COMMERCIAL (GENERAL)
$11,250,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,770,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$10,690,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$10,160,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$8,100,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$7.59M
Range $6.83M – $8.35M · ±10%
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
$174 / 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
$65,304
Tax year 2023
Assessed value
$3,582,280
Assessed 2023
Previous assessed
$3,582,280
+0.0% YoY
Effective rate
1.82%
On assessed value
Total market value
$3,582,280
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2007
Heating
NONE
Stories
4
Units
1
Bathrooms
4
Total area
43,536 SF
Lot
2.46 ac (107,201 SF)
Zoning code
MF12
APN
232736000000012010
UPID
US18-0468436
Jurisdiction
POLK
Zoning & alternative use
MF12 · Lakeland, FL
Zoning MF12 · permitted uses
MF12 · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$9.9M
COMMERCIAL (GENERAL)
Est. value
$11.3M
AUTO REPAIR, GARAGE
Est. value
$10.8M
MEDICAL BUILDING
Est. value
$10.7M
OFFICE BUILDING
Est. value
$10.2M
RETAIL STORES
Est. value
$8.1M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2007
Heating
NONE
Stories
4
Units
1
Bathrooms
4
Lot
2.46 ac
Current owner
From public records · entity-resolved
Place Lakeland Fl North Value
Individual
Mailing address
PO BOX 49550, CHARLOTTE, NC 28277-9550
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2022
—
Tiger Lakeland LLC
—
Deed
related
$119,500,000 · Jpmorgan Chase Bank NA
Mar 23, 2020
—
Entities Listed On Schedule I
—
Deed
related
$435,000,000 · Citi R/e Fndg INC
Aug 8, 2016
—
Woodspring Suites Lakeland LLC
—
Deed
related
$235,000,000 · Jp Morgan Chase Bk
Oct 2, 2013
$3,520,100
Place Lakeland Fl North Value
Agbl Lakeland Owner LLC
Grant Deed
$2,899,905 · Us Bank NA
May 19, 2010
$3,342,500
Agbl Lakeland Owner LLC
Liberty Vp Lakeland LLC
Grant Deed
—
Dec 28, 2006
—
Liberty Vp Lakeland LLC
—
Deed Of Trust
related
$360,000,000 · Goldman Sachs Mortgage Co
Sep 14, 2006
$440,000
Liberty Vp Lakeland LLC
Travis Family R/e Ptshp
Warranty Deed
$286,000 · Suntrust Bank NA
—
—
Agbl Lakeland Owner LLC
—
Deed Of Trust
related
$2,023,086 · Us Bank NA
—
—
Woodspring Suites Lakeland LLC
—
Deed Of Trust
related
$235,000,000 · Jp Morgan Chase Bk
—
—
Agbl Lakeland Owner LLC
—
Deed Of Trust
related
$2,389,222 · Us Bank NA
—
—
Entities Listed On Schedule I
—
Loan Modification
related
$435,000,000 · Citi R/e Fndg INC
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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