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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Hotels
4502 Socrum Loop Rd Lakeland, FL 33809-4202
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US19-0368336
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2007
Total area
3,176 SF
Lot
1.45 ac (63,031 SF)
Zoning code
C-2
APN
242730162000020502
UPID
US19-0368336
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
-
JUS Charging Station Electric Vehicle Charging Station
-
Days Inn & Suites by Wyndham Lakeland Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$925k
Owner & transaction history
Arin Ents INC · 20 yrs held
Arin Ents INC
since 2006
5 recorded transactions
Zoning & alternative use
C-2 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$820,000
+14.2%
Auto repair, garage
$785,000
+9.4%
Medical building
$780,000
+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
$720,000
Current use
COMMERCIAL (GENERAL)
$820,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$785,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$780,000
Change: +9% · Conversion: Difficult
OFFICE BUILDING
$740,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$590,000
Change: -18% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$580,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±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
$291 / 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
$50,075
Tax year 2023
Assessed value
$2,824,356
Assessed 2023
Previous assessed
$2,824,356
+0.0% YoY
Effective rate
1.77%
On assessed value
Total market value
$2,824,356
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
2007
Heating
NONE
Buildings
3
Stories
1
Units
1
Total area
3,176 SF
Lot
1.45 ac (63,031 SF)
Zoning code
C-2
APN
242730162000020502
UPID
US19-0368336
Jurisdiction
POLK
Zoning & alternative use
C-2 · Lakeland, FL
Zoning C-2 · permitted uses
C-2 · 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
$720,000
COMMERCIAL (GENERAL)
Est. value
$820,000
AUTO REPAIR, GARAGE
Est. value
$785,000
MEDICAL BUILDING
Est. value
$780,000
OFFICE BUILDING
Est. value
$740,000
RETAIL STORES
Est. value
$590,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$580,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2007
Heating
NONE
Stories
1
Buildings
3
Units
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
Arin Ents INC
Entity
Mailing address
4502 N SOCRUM LOOP RD, LAKELAND, FL 33809-4202
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2023
—
Arin Enterprises LLC
—
Deed
related
$2,500,000 · Crews Bank & Trust
Jun 8, 2006
—
Arin Ents INC
—
Trustees Deed
related
$3,800,000 · Fidelity Bank Florida
Jan 18, 2006
$625,000
Arin Ents INC
City Of Lakeland
Grant Deed
$360,000 · Fidelity Bank Florida
Nov 10, 1997
$155,000
Lakeland City
Klein,darl E & Susan C
Grant Deed
—
—
—
Arin Ents INC
—
Deed Of Trust
related
$4,800,000 · Pinnacle Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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