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    Property profile & analytics

    415 Magnolia Ave Auburndale, FL 33823-4207

    • Drive through restaurants
    • 7,138 SF
    • 0.87 lot acres
    OFF-MARKET
    Last Sale
    Jul 06, 2023
    $1,700,000
    Value Estimations
    $1,965,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5116966
    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

    • Sonic Drive-In / Restaurant / Take-out & Catering
    • F'R Roofing Services / Roofing Company / General Contractor

    Property Details for 415 Magnolia Ave

    Year built
    2003
    Lot size
    0.87 lot acres
    Property size
    7,138 SF
    Property type
    Drive through restaurants
    APN
    252811336500019180
    APU
    252811336500019180

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,135,000
      ML approach
      $2,225,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,072,000
      Market price range: $991k - $5.45M

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburndale
    County
    Polk
    State
    Florida
    Longitude
    -81.7883
    Latitude
    28.0583
    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
    $12,148
    $351,630
    $382,462
    $734,092
    -
    $351,630
    $382,462
    $734,092

    Comparable in this City

    • Value Estimation by Request
      2,883 SF

      2345 Us Hwy 92nd W

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,883 SF
      2345 Us Hwy 92nd W, Auburndale, FL 33823-3931
      View Details
    • Value Estimation
      $525,000
      3,050 SF

      2124 Us Hwy 92nd W

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,050 SF
      2124 Us Hwy 92nd W, Auburndale, FL 33823-3923
      View Details
    • Value Estimation
      $4,740,000
      2,704 SF

      3105 Havendale Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,704 SF
      3105 Havendale Blvd, Auburndale, FL 33823-4627
      View Details
    • Value Estimation by Request
      2,474 SF

      501 Magnolia Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,474 SF
      501 Magnolia Ave, Auburndale, FL 33823-4105
      View Details
    • Value Estimation
      $730,000
      5,034 SF

      498 Havendale Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,034 SF
      498 Havendale Blvd, Auburndale, FL 33823-4548
      View Details
    • Value Estimation
      $620,000
      3,956 SF

      2207 Us Hwy 92nd W

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,956 SF
      2207 Us Hwy 92nd W, Auburndale, FL 33823-9539
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,611 SF

      Auburndale Retail Opportunity For Sale

      Retail property with drive-through, take-out, and open space.
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      Auburndale Retail Storefront Opportunity

      9,476 SF Freestanding Retail Building
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    • $284,900
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      Remodeled Commercial Property in Auburndale

      Move-in ready commercial property with modern updates and fenced yard.
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      18,277 SF

      Auburndale Retail Investment

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    • $1,290,000
      Pending

      Multifamily and Commercial Mixed-Use Property

      Two-story mixed-use property with 17 residential units and 4 storefronts.
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    • $350,000
      1.14 Acres

      Auburndale Retail Development Site

      1.14 Acres, High-Traffic Location, $350K
      113 Recker Hwy, Auburndale, FL 33823
      View Details

    Similar Nearby for Lease

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      2,560 SF

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      1,920 SF retail space with ample parking and high visibility.
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    • $1,946,417

      Auburndale Verizon Wireless Store

      Verizon Wireless store in Auburndale, Florida with lease options.
      2143 Us Highway 92 W, Auburndale, FL 33823
      View Details
    • Contact for pricing
      9,476 SF

      Auburndale Retail Building For Sale

      9,476 SF Freestanding Retail Space in Auburndale, FL
      1058 Berkley Rd, Auburndale, FL 33823
      View Details
    • Contact for pricing
      106,437 SF

      Auburndale Industrial Warehouse

      106,437 SF Warehouse, 15.74 Acres
      500 Mckean St, Auburndale, FL 33823
      View Details
    • Contact for pricing

      Auburndale Warehouse with Cold Storage

      Warehouse with cold storage, freezer, office, and truck parking.
      Bridgers Ave W, Auburndale, FL 33823
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    • Contact for pricing
      163,020 SF

      Auburndale Warehouse Under Construction

      163,372 SF dock-high warehouse with I-4 access.
      Bryan Ln, Auburndale, FL 33823
      View Details
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    415 Magnolia Ave
    Auburndale, FL 33823-4207
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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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