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    Property profile & analytics

    408 Old Polk City Rd Lakeland, FL 33809-2314

    • Drug stores
    • 16,658 SF
    • 2.26 lot acres
    OFF-MARKET
    Value Estimation
    $6,290,000
    Last Sale
    Feb 08, 2021
    $5,588,000
    Location Intelligence
    Property ID
    US19-0334101
    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

    • Williamson Jean / Physician Assistant
    • Village Medical / Family Practice Physician
    • Kelechi Esoga / Family Practice Physician / Practitioner Service Location
    • Joyce Roberts, DO / Family Practice Physician
    • Taha Dias, MD / Medical Clinic

    Property Details for 408 Old Polk City Rd

    Year built
    2002
    Lot size
    2.26 lot acres
    Property size
    16,658 SF
    Property type
    Drug stores
    APN
    242718000000023030
    APU
    242718000000023030

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,505,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,015,000
      6.5%
      $6,035,000
      7%
      $5,535,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,235,000
      Geo Method
      $6,110,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,190,000
      Retail
      $5,400,000
      Mixed-Use
      $5,660,000
      Hospitality
      $5,260,000
      Educational
      $5,050,000
      Residential Income
      $5,995,000
      Energy
      $5,875,000
      Income-Based Land
      $4,355,000
      Food Service
      $4,525,000

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.946
    Latitude
    28.1289
    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
    $34,734
    $589,440
    $1,710,511
    $2,299,951
    -
    $589,440
    $1,710,511
    $2,299,951

    Comparable in this City

    • Value Estimation
      $4,570,000
      17,071 SF

      4445 Us Hwy 98th N

      DRUG STORE, PHARMACY • 17,071 SF
      4445 Us Hwy 98th N, Lakeland, FL 33809-0402
      View Details
    • Value Estimation
      $5,530,000
      16,640 SF

      6730 Us Hwy 98th N

      DRUG STORE, PHARMACY • 16,640 SF
      6730 Us Hwy 98th N, Lakeland, FL 33809-3284
      View Details
    • Value Estimation by Request
      12,608 SF

      6105 Us Hwy 98th N

      DRUG STORE, PHARMACY • 12,608 SF
      6105 Us Hwy 98th N, Lakeland, FL 33809-6223
      View Details
    • Value Estimation by Request
      5,260 SF

      1090 Wedgewood Ests Blvd

      FINANCIAL BUILDING • 5,260 SF
      1090 Wedgewood Ests Blvd, Lakeland, FL 33809-4038
      View Details
    • Value Estimation by Request
      3,872 SF

      4420 Us Hwy 98th N

      FINANCIAL BUILDING • 3,872 SF
      4420 Us Hwy 98th N, Lakeland, FL 33809-0465
      View Details
    • Value Estimation
      $1,040,000
      4,760 SF

      10705 Us Hwy 98th N

      CONVENIENCE STORE • 4,760 SF
      10705 Us Hwy 98th N, Lakeland, FL 33809-1087
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      101,240 SF

      Lakeland Retail Space in Mall

      101,240 SF retail space within Lakeland Square Mall.
      3800 Us Highway 98 N, Lakeland, FL 33809
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    • $5,486,804
      8,239 SF

      Retail Property Near Lakeland Square

      Retail property with national tenants and below market rents.
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    • $349,900
      Pending

      Prime Corner Land in Lakeland

      2+ acre corner lot near I-4 with high visibility.
      Old Polk City Rd, Lakeland, FL 33809
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    • $125,000
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      4.03 Acres in Lakeland, Florida

      4.03-acre property with utilities in place, ready for development.
      10629 Sportsman Trl, Lakeland, FL 33809
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    • $300,000
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      Lakeland Land with Partially Built Home

      6.02 acres with partially built home and active permits.
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      2.63 Acres

      Lakeland Land Parcel For Sale

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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Retail Space Near Lakeland Square

      Retail space available across from Lakeland Square Mall.
      4215-4275 Us Highway 98 N, Lakeland, FL 33809
      View Details
    • Contact for pricing

      Lakeland Retail Space For Lease

      Retail space available in high-visibility Lakeland power center.
      4011-4159 Us Highway 98 North, Lakeland, FL 33809
      View Details
    • Contact for pricing
      11,548 SF

      Retail Space on US Hwy

      Retail space with excellent visibility and access on US Hwy.
      4901-4993 Us Highway 98 N, Lakeland, FL 33809
      View Details
    • Contact for pricing
      84,899 SF

      Lakeland Retail Center - Highway 98

      Prime Lakeland retail space available.
      4901-4997 Us Highway 98, Lakeland, FL 33809
      View Details
    • Contact for pricing
      24,394 SF

      Lakeland Retail Center Opportunity

      High-traffic retail space, 20,000 sq ft available
      3715 Hopewell Ave, Lakeland, FL 33809
      View Details
    • Contact for pricing
      85,253 SF

      Liberty Square Center Outparcels

      Lakeland Retail Center - Outparcels Available
      6140 Us Highway 98, Lakeland, FL 33809
      View Details
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    408 Old Polk City Rd
    Lakeland, FL 33809-2314
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    Realmo Value Estimation

    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.

    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.

    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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