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Property profile & analytics
OFF-MARKET
Estimated value
$1,680,000
Medical Office Space
4120 Us Hwy 98th N Lakeland, FL 33809-3854
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-4834176
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Total area
11,825 SF
Lot
1.33 ac (57,848 SF)
Zoning code
C-5
APN
232735000000012070
UPID
US18-4834176
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
-
Luis J Velazquez Medical Clinic
-
Shawna Vanetten Physician
-
Polk Chiropractic Alternative Medicine Practice
-
Advanced Spine and Wellness Alternative Medicine Practice
-
Ms. Maria Guzman-Tennant Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.29M
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.68M
Owner & transaction history
One Lakeland Square LLC · 12 yrs held
One Lakeland Square LLC
since 2014
6 recorded transactions
Zoning & alternative use
C-5 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Commercial
General category
COMMERCIAL
Zone area
201.59 ac
Source
Realmo
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%
$2,475,000
6.5%
$2,285,000
7%
$2,125,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,760,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$1.68M
Range $1.51M – $1.85M · ±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
$142 / 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
$27,891
Tax year 2023
Assessed value
$1,577,670
Assessed 2023
Previous assessed
$1,572,935
+0.3% YoY
Effective rate
1.77%
On assessed value
Assessed land
$448,268
Assessed improvement
$1,129,402
Land market value
$448,268
Improvement market value
$1,129,402
Total market value
$1,577,670
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1991
Heating
NONE
Stories
1
Units
1
Total area
11,825 SF
Lot
1.33 ac (57,848 SF)
Zoning code
C-5
APN
232735000000012070
UPID
US18-4834176
Jurisdiction
POLK
Zoning & alternative use
C-5 · Lakeland, FLZoning C-5 · permitted uses
C-5 · Lakeland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Commercial
General category
COMMERCIAL
Zone area
201.59 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.8M
OFFICE BUILDING
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
1991
Heating
NONE
Stories
1
Units
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
One Lakeland Square LLC
Entity
Mailing address
3210 W KNIGHTS AVE, TAMPA, FL 33611-1910
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2023
—
One Lakeland Square LLC
—
Deed
related
$250,000 · Citizens Bank & Trust
May 7, 2014
$972,700
One Lakeland Square LLC
Puri,rajinder S
Warranty Deed
$1,155,000 · Malhotra Trust (pt)
—
—
Rajinder S Puri
—
Deed Of Trust
related
$100,000 · Encore Bank
—
—
One Lakeland Square LLC
—
Deed Of Trust
related
$1,200,000 · Fidelity Bk/fl
—
—
Rajinder S Puri
—
Deed Of Trust
related
$1,500,000 · Encore Bank
—
—
Rajinder Puri
—
Deed Of Trust
related
$1,117,600 · J P Morgan Chase 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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