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Property profile & analytics
OFF-MARKET
Banks
427 Florida Ave Lakeland, FL 33801-5279
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2224238
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2018
Total area
3,662 SF
Lot
0.3 ac (13,190 SF)
Zoning code
C-6
APN
232824119000004010
UPID
US18-2224238
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
-
Valley Bank Bank Loan Service
-
Valley Bank ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ice House Of Lakeland LLC · 12 yrs held
Ice House Of Lakeland LLC
since 2014
3 recorded transactions
Zoning & alternative use
C-6 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ompatibility review for a Comprehensive Sign Plan (SGN) Flat Rate $100 Compatibility review for a special Building Type (SBT) Flat Rate $100 Alcoholic Beverage Background Check Alcoholic Beverage Background Check Within C-6 (Downtown Commercial) Locations or Flat Rate $24 C-7 (Munn Park Historic) Locations Annexation & Land Use Annexation (ANX) Request to an…
Zone name
Commercial
General category
COMMERCIAL
Zone area
241.23 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$18,426
Tax year 2023
Assessed value
$910,832
Assessed 2023
Previous assessed
$864,329
+5.4% YoY
Effective rate
2.02%
On assessed value
Assessed land
$171,439
Assessed improvement
$739,393
Land market value
$171,439
Improvement market value
$739,393
Total market value
$910,832
Applied tax rate
91,511.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2018
Heating
NONE
Stories
1
Units
1
Total area
3,662 SF
Lot
0.3 ac (13,190 SF)
Zoning code
C-6
APN
232824119000004010
UPID
US18-2224238
Jurisdiction
POLK
Zoning & alternative use
C-6 · Lakeland, FLZoning C-6 · permitted uses
C-6 · Lakeland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ompatibility review for a Comprehensive Sign Plan (SGN) Flat Rate $100 Compatibility review for a special Building Type (SBT) Flat Rate $100 Alcoholic Beverage Background Check Alcoholic Beverage Background Check Within C-6 (Downtown Commercial) Locations or Flat Rate $24 C-7 (Munn Park Historic) Locations Annexation & Land Use Annexation (ANX) Request to annex a portion of land into the City of Lakeland Recording Fees Flat Rate Flat Rate
Zone name
Commercial
General category
COMMERCIAL
Zone area
241.23 ac
Building & site characteristics
From public records
Year built
2018
Heating
NONE
Stories
1
Units
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Ice House Of Lakeland LLC
Entity
Mailing address
422 S FLORIDA AVE, LAKELAND, FL 33801-5227
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2018
—
Lce House Of Lakeland LLC
—
Deed
related
$250,000 · Valley Nat'l Bk
Mar 10, 2014
$190,000
Ice House Of Lakeland LLC
Falletta,gary & David
Warranty Deed
—
—
—
Lce House Of Lakeland LLC
—
Deed Of Trust
related
$250,000 · Valley Nat'l 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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