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Property profile & analytics
OFF-MARKET
Estimated value
$10,980,000
Hotels
4500 Lakeland Park Dr Lakeland, FL 33809-3529
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US18-3405905
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2009
Total area
50,951 SF
Lot
1.58 ac (68,999 SF)
Zoning code
O-3
APN
242730162000020501
UPID
US18-3405905
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 Concealed Carry Class Training Center
-
Holiday Inn Express & Suites Lakeland North - I-4, an IHG Hotel Hotel & Motel
-
Florida Concealed Carry Class 29 Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.73M
Blend (final)
Blend
$10.98M
Owner & transaction history
Lakeland Hotels LLC · 20 yrs held
Lakeland Hotels LLC
since 2006
6 recorded transactions
Zoning & alternative use
O-3 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.2M
+14.2%
Auto repair, garage
$12.6M
+9.4%
Medical building
$12.5M
+8.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$11,525,000
Current use
COMMERCIAL (GENERAL)
$13,165,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,605,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$12,515,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$11,895,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$9,475,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$10.98M
Range $9.88M – $12.08M · ±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
$216 / 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
$84,063
Tax year 2023
Assessed value
$5,182,632
Assessed 2023
Previous assessed
$5,182,632
+0.0% YoY
Effective rate
1.62%
On assessed value
Total market value
$5,182,632
Applied tax rate
90,510.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2009
Heating
NONE
Stories
5
Units
1
Total area
50,951 SF
Lot
1.58 ac (68,999 SF)
Zoning code
O-3
APN
242730162000020501
UPID
US18-3405905
Jurisdiction
POLK
Zoning & alternative use
O-3 · Lakeland, FL
Zoning O-3 · permitted uses
O-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
HOTEL/MOTEL Current
Est. value
$11.5M
COMMERCIAL (GENERAL)
Est. value
$13.2M
AUTO REPAIR, GARAGE
Est. value
$12.6M
MEDICAL BUILDING
Est. value
$12.5M
OFFICE BUILDING
Est. value
$11.9M
RETAIL STORES
Est. value
$9.5M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2009
Heating
NONE
Stories
5
Units
1
Lot
1.58 ac
Current owner
From public records · entity-resolved
Lakeland Hotels LLC
Entity
Mailing address
10610 LOW OAK TER, THONOTOSASSA, FL 33592-3933
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2016
—
Tampa Bay Hotels LLC
—
Deed
related
$8,400,000 · Usameribank
Apr 4, 2006
$575,000
Lakeland Hotels LLC
City Of Lakeland
Grant Deed
related
—
—
—
Lakeland Hotels
—
Deed Of Trust
related
$6,300,000 · Branch Banking & Trust Co
—
—
Tampa Bay Hotels LLC
—
Deed Of Trust
related
$9,117,000 · C-iii Commercial Mtg LLC
—
—
Tampa Bay Hotels LLC
—
Deed Of Trust
related
$8,400,000 · Usameribank
—
—
Lakeland Hotels LLC
—
Deed Of Trust
related
$2,250,000 · South East Personnel Leasing I
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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