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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Medical Office Space
4316 Highland Park Blvd Lakeland, FL 33813-1647
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3536443
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1980
Total area
1,680 SF
Lot
0.36 ac (15,747 SF)
Zoning code
O-1
APN
242906277780000040
UPID
US18-3536443
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
-
Florida Dermatology and Skin Cancer Centers Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
$325k
Comparable Approach
Comparable
$595k
Blend (final)
Blend
$525k
Owner & transaction history
Osnabrueck Land LLC · 3 yrs held
Osnabrueck Land LLC
since 2022
Last sale
$475,000
2 recorded transactions
Zoning & alternative use
O-1 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$435,000
+5.2%
Auto repair, garage
$415,000
+0.7%
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
$545,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
$350,000
6.5%
$325,000
7%
$300,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$415,000
Current use
COMMERCIAL (GENERAL)
$435,000
Change: +5% · Conversion: Easy
AUTO REPAIR, GARAGE
$415,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $475k (Dec 14 2022)
Last sale anchor
$475k
Dec 14 2022
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
$313 / 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
$6,360
Tax year 2023
Assessed value
$348,902
Assessed 2023
Previous assessed
$242,709
+43.8% YoY
Effective rate
1.82%
On assessed value
Assessed land
$122,047
Assessed improvement
$226,855
Land market value
$122,047
Improvement market value
$226,855
Total market value
$348,902
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1980
Heating
NONE
Stories
1
Units
1
Total area
1,680 SF
Lot
0.36 ac (15,747 SF)
Zoning code
O-1
APN
242906277780000040
UPID
US18-3536443
Jurisdiction
POLK
Zoning & alternative use
O-1 · Lakeland, FL
Zoning O-1 · permitted uses
O-1 · 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
MEDICAL BUILDING Current
Est. value
$415,000
COMMERCIAL (GENERAL)
Est. value
$435,000
AUTO REPAIR, GARAGE
Est. value
$415,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1980
Heating
NONE
Stories
1
Units
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Osnabrueck Land LLC
Entity
Mailing address
1610 HIDDEN PALMS DR, DAVENPORT, FL 33897-8410
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2022
$475,000
Osnabrueck Land LLC
Curtiss Dell James
Warranty Deed
$380,000 · Citizens Bank & Trust
Jun 9, 2022
$235,000
Curtiss Dell James
Wilbur Reschly
Warranty Deed
—
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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