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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Retail space
4289 Old Kathleen Rd Lakeland, FL 33810-2637
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-9384707
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Total area
6,710 SF
Lot
0.91 ac (39,688 SF)
Zoning code
R-3
APN
232734013000000450
UPID
US18-9384707
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.13M
Owner & transaction history
Rowly LLC · 1 yrs held
Rowly LLC
since 2025
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
R-3 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+38.9%
Auto repair, garage
$1.7M
+33.0%
Medical building
$1.7M
+32.0%
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
$915,000
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
$1,255,000
6.5%
$1,160,000
7%
$1,075,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,250,000
Current use
COMMERCIAL (GENERAL)
$1,735,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,660,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$1,650,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$1,565,000
Change: +25% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,230,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±10% · vs last sale $1.54M (Mar 11 2025)
Last sale anchor
$1.54M
Mar 11 2025
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
$168 / 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
$10,872
Tax year 2023
Assessed value
$654,840
Assessed 2023
Previous assessed
$658,584
-0.6% YoY
Effective rate
1.66%
On assessed value
Assessed land
$178,592
Assessed improvement
$476,248
Land market value
$178,592
Improvement market value
$476,248
Total market value
$654,840
Applied tax rate
90,000.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1999
Heating
NONE
Stories
1
Units
1
Total area
6,710 SF
Lot
0.91 ac (39,688 SF)
Zoning code
R-3
APN
232734013000000450
UPID
US18-9384707
Jurisdiction
POLK
Zoning & alternative use
R-3 · Lakeland, FL
Zoning R-3 · permitted uses
R-3 · Lakeland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakeland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Heating
NONE
Stories
1
Units
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Rowly LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2021 MCKINNEY AVE STE #150, DALLAS, TX 75201-7664
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2025
$1,536,400
Rowly LLC
Ns Retail Holdings LLC
Special Warranty Deed
—
Jul 7, 2020
$15,000
Ns Re-tail Holdings LLC
Autopar Remainder II LLC
Grant Deed
related
—
Jul 7, 2020
$1,484,900
Ns Retail Holdings LLC
Dapper Properties II LLC
Grant Deed
related
—
May 23, 2001
$740,900
Dapper Properties II LLC
Discount Auto Parts INC
Grant Deed
—
May 23, 2001
$16,600
Autopar Remainder II LLC
Discount Auto Parts INC
Grant Deed
related
—
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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