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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Medical Office Space
455 Emerald Ave Lake Wales, FL 33853-4716
Entity Owned
16-yr Hold
Free & Clear
Property ID
US18-1945806
Property summary
AI-generated overview
This exceptional investment opportunity presents a 6,275 square foot medical office building in Lake Wales, Florida, currently occupied by Lakeland Regional Health System, a highly reputable 910-bed community health system with over 30 years of experience and 15+ outpatient centers in Polk County. The property, built in 2005 and renovated in 2009, sits on a 0.7-acre lot at 455 Emerald Avenue, Lake Wales, FL 33853. The single-story building features a modified net lease with a remaining term of approximately 2.4 years (Lease Commencement: 01/01/2022
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Total area
6,275 SF
Lot
0.7 ac (30,366 SF)
APN
273011917510002050
UPID
US18-1945806
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
-
Amanda Waters, APRN Pediatrician Physician
-
Lakeland Regional Health Lake Wales Medical Clinic
-
David Lynn Holmes, DO Pediatrician Physician
-
Lakeland Regional Health Lake Wales Primary Care Pediatrician Physician
-
Leonard Hawkins Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.22M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$895k
Owner & transaction history
D & P Emerald Holdings LLC · 16 yrs held
D & P Emerald Holdings LLC
since 2009
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Lake Wales submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Wales 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%
$1,315,000
6.5%
$1,215,000
7%
$1,125,000
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$143 / 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
$11,676
Tax year 2023
Assessed value
$589,766
Assessed 2023
Previous assessed
$537,754
+9.7% YoY
Effective rate
1.98%
On assessed value
Assessed land
$40,993
Assessed improvement
$548,773
Land market value
$40,993
Improvement market value
$548,773
Total market value
$589,766
Applied tax rate
90,320.0000
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
2005
Heating
NONE
Stories
1
Units
1
Total area
6,275 SF
Lot
0.7 ac (30,366 SF)
APN
273011917510002050
UPID
US18-1945806
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Stories
1
Units
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
D & P Emerald Holdings LLC
Entity
Free & Clear · 16 yrs held
Mailing address
221 S LK HOWARD DR, WINTER HAVEN, FL 33880-2831
Ownership since
2009
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 30, 2009
—
D & P Emerald Holdings LLC
Holmes,david L & Peggy A
Quit Claim Deed
related
—
Aug 25, 2003
$45,000
David L Holmes
Lockhart,andrea L
Quit Claim 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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