Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    408 Ave Y NE Y Winter Haven, FL 33881-1652

    • Auto shops
    • 1,180 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Aug 01, 2024
    $32,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0797892
    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.

    Current Use by Public Records

    • Hanson Lawn Mower Repair / Lawn Mower Repair Service / Lawn Mower Store

    Property Details for 408 Ave Y NE Y

    Year built
    1977
    Lot size
    0.17 lot acres
    Property size
    1,180 SF
    Property type
    Auto shops
    APN
    262816538500000030
    APU
    262816538500000030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Winter Haven
    County
    Polk
    State
    Florida
    Longitude
    -81.7224
    Latitude
    28.0492
    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
    $589
    $16,790
    $16,577
    $33,367
    -
    $16,790
    $16,577
    $33,367

    Comparable in this City

    • Value Estimation
      $310,000
      2,325 SF

      775 Jersey Rd

      AUTO REPAIR, GARAGE • 2,325 SF
      775 Jersey Rd, Winter Haven, FL 33881-1001
      View Details
    • Value Estimation
      $390,000
      3,252 SF

      314 6th NW St

      AUTO REPAIR, GARAGE • 3,252 SF
      314 6th NW St, Winter Haven, FL 33881-4635
      View Details
    • Value Estimation by Request
      2,610 SF

      2912 Lk Alfred Rd

      AUTO REPAIR, GARAGE • 2,610 SF
      2912 Lk Alfred Rd, Winter Haven, FL 33881-1437
      View Details
    • Value Estimation
      $540,000
      5,250 SF

      3450 Havendale NW Blvd

      AUTO REPAIR, GARAGE • 5,250 SF
      3450 Havendale NW Blvd, Winter Haven, FL 33881-1061
      View Details
    • Value Estimation
      $155,000
      1,680 SF

      2199 33rd NW St

      AUTO REPAIR, GARAGE • 1,680 SF
      2199 33rd NW St, Winter Haven, FL 33881-1810
      View Details
    • Value Estimation
      $1,235,000
      19,800 SF

      1991 42nd NW St

      AUTO REPAIR, GARAGE • 19,800 SF
      1991 42nd NW St, Winter Haven, FL 33881-1977
      View Details

    Similar Nearby for Sale

    • $1,200,000
      652 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
    • $299,000

      Established Business Opportunity, Real Estate Included

      Operating business for over 20 years with real estate included.
      2106 1St St N, Winter Haven, FL 33881
      View Details
    • $599,000
      3,796 SF

      Prime Downtown Retail Opportunity

      Corner property in Winter Haven's bustling downtown area.
      600 Avenue B NW, Winter Haven, FL 33881
      View Details
    • $228,000
      1,190 SF

      Updated Mixed-Use Property Near Hospital

      Updated mixed-use property in the heart of the Medical District.
      104 Avenue K NE, Winter Haven, FL 33881
      View Details
    • $2,949,500
      14,413 SF

      Winter Haven Flex Space Investment

      14,413 SF Flex Space, 100% Occupied
      2701 Havendale Blvd, Winter Haven, FL 33881
      View Details
    • $499,900
      Pending

      Versatile Commercial Building Near Downtown

      One-story commercial/retail building near downtown Winter Haven with versatile space.
      1006 6Th St NW, Winter Haven, FL 33881
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      2,800 SF

      Retail Space in Winter Haven

      Retail space available in Winter Haven's Bowen Yard Loop.
      419 SW 5Th St, Winter Haven, FL 33881
      View Details
    • $47,060

      Downtown Winter Haven Retail Space

      Prime retail space in thriving downtown Winter Haven, Florida.
      324 4Th St NW, Winter Haven, FL 33881
      View Details
    • Contact for pricing
      5,200 SF

      Sherwin-Williams Corporate Leased Location

      Investment opportunity with long-term lease and options in growing area.
      33032 Hwy, Winter Haven, FL 33881
      View Details
    • $1,850 /Mo
      635 SF

      Retail Space with Open Floorplan

      Retail space featuring great visibility and an open floorplan.
      243 3Rd St Sw, Winter Haven, FL 33881
      View Details
    • $20 SF/Yr
      5,459 SF

      Downtown Retail Space For Rent

      5,459 SF retail space in downtown Winter Haven, FL.
      41 3Rd St NW, Winter Haven, FL 33881
      View Details
    • $23 SF/Yr
      1,500 SF

      Retail and Restaurant Space Available

      Build-to-suit retail and restaurant spaces in downtown Winter Haven.
      500 Avenue D NW, Winter Haven, FL 33881
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    408 Ave Y NE Y
    Winter Haven, FL 33881-1652
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.