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Property profile & analytics
OFF-MARKET
Estimated value
$3,410,000
Distribution centers
4255 Pipkin Rd Lakeland, FL 33811-1442
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-0319906
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2005
Total area
38,734 SF
Lot
4.11 ac (178,988 SF)
APN
232903139563000111
UPID
US18-0319906
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
-
SteriPack USA (Limited) LLC Production Facility Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.45M
Comparable Approach
Comparable
$3.30M
Blend (final)
Blend
$3.41M
Owner & transaction history
Steripack USA Ltd LLC · 9 yrs held
Steripack USA Ltd LLC
since 2016
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,740,000
6.5%
$3,450,000
7%
$3,205,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,500,000
Current use
Blend value · Realmo final
$3.41M
Range $3.07M – $3.75M · ±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
$88 / 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
$60,476
Tax year 2023
Assessed value
$3,614,002
Assessed 2023
Previous assessed
$3,100,967
+16.5% YoY
Effective rate
1.67%
On assessed value
Assessed land
$939,738
Assessed improvement
$2,674,264
Land market value
$939,738
Improvement market value
$2,674,264
Total market value
$3,614,002
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
2005
Heating
NONE
Stories
1
Units
1
Total area
38,734 SF
Lot
4.11 ac (178,988 SF)
APN
232903139563000111
UPID
US18-0319906
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
$4.5M
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
2005
Heating
NONE
Stories
1
Units
1
Lot
4.11 ac
Current owner
From public records · entity-resolved
Steripack USA Ltd LLC
Entity
Mailing address
4255 S PIPKIN RD, LAKELAND, FL 33811-1442
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2019
—
Steripack USA Ltd
—
Grant Deed
related
$33,000,000 · Allied Irish Bks Plc
Aug 31, 2016
$2,986,500
Steripack USA Ltd LLC
Bkp Two LLC
Grant Deed
—
Apr 27, 2011
$1,725,800
Bkp Two LLC
Boone Distributors INC
Grant Deed
$1,380,000 · Community Southern Bank
Jun 16, 2010
—
Boone Distributors INC
—
Deed Of Trust
related
$5,801,161 · Suntrust Bank NA
Jan 10, 2005
$1,387,500
Boone Distributors INC
Bobby Moore Properties Ltd
Warranty Deed
$1,400,000 · Suntrust Bank NA
—
—
Boone Distributors INC
—
Deed Of Trust
related
$1,500,000 · Citrus & Chemical Bank
—
—
Bkp Two LLC
—
Loan Modification
related
$1,700,000 · Midflorida FCU
—
—
Bkp Two LLC
—
Loan Modification
related
$244,833 · Community Sthrn Bk
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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