Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$10,275,000
Distribution centers
4150 Pipkin Rd Lakeland, FL 33811-1806
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3891785
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2008
Total area
102,048 SF
Lot
7.28 ac (316,899 SF)
APN
232903139563000080
UPID
US18-3891785
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
-
Tuesday Morning Distribution Center Logistics Company
-
Dero Bike Racks Bicycle Rack
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.10M
Comparable Approach
Comparable
$13.81M
Blend (final)
Blend
$10.28M
Owner & transaction history
4150 S Pipkin Rd Owner LP · 1 yrs held
4150 S Pipkin Rd Owner LP
since 2025
Last sale
$11.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$9,255,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,850,000
6.5%
$9,095,000
7%
$8,445,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,860,000
Current use
Blend value · Realmo final
$10.28M
Range $9.25M – $11.30M · ±10% · vs last sale $11.25M (Dec 17 2024)
Last sale anchor
$11.25M
Dec 17 2024
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
$101 / 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
$128,847
Tax year 2023
Assessed value
$7,067,907
Assessed 2023
Previous assessed
$7,067,907
+0.0% YoY
Effective rate
1.82%
On assessed value
Total market value
$7,067,907
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Units
1
Total area
102,048 SF
Lot
7.28 ac (316,899 SF)
APN
232903139563000080
UPID
US18-3891785
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$11.9M
WAREHOUSE, STORAGE Current
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
2008
Heating
NONE
Stories
1
Units
1
Lot
7.28 ac
Current owner
From public records · entity-resolved
4150 S Pipkin Rd Owner LP
Entity
Mailing address
17304 PRESTON RD STE #550, DALLAS, TX 75252-5625
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2025
$11,250,000
4150 S Pipkin Rd Owner LP
Dg Industrial Portfolio I Prop Owne
Special Warranty Deed
—
Mar 9, 2020
$7,900,000
Dg Indl Portfolio I Prop Owne
Galil Realty Ada Compliant LP
Grant Deed
—
Dec 29, 2017
$6,554,000
Galil Realty Lakeland Ctr Flo
Parkway Partners II LLC
Trustees Deed
$21,000,000 · Miscellaneous Ins Co
Nov 6, 2006
$1,158,200
Parkway Partners II LLC
West Oak Business Park LLC
Warranty Deed
related
$3,890,201 · Citrus & Chemical Bank
Oct 25, 2005
$1,301,400
West Oak Business Park LLC
Drane Field LLC
Warranty Deed
$975,000 · Mercantile Bank
—
—
Parkway Partners II LLC
—
Deed Of Trust
related
$3,520,000 · Midflorida FCU
—
—
Parkway Partners II LLC
—
Deed Of Trust
related
$1,805,000 · Midflorida FCU
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4150 Pipkin Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
