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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Warehouses
455 Ramona Ave Lake Alfred, FL 33850-2341
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-4504802
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1986
Total area
3,000 SF
Lot
4.9 ac (213,575 SF)
Zoning code
C-1
APN
262733000000031020
UPID
US18-4504802
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
-
Heart of Florida Storage LLC Storage Facility
-
Penske Truck Rental Car Rental Facility
-
KARR Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$598k
Blend (final)
Blend
$690k
Owner & transaction history
Heart Of Florida Storage LLC · 10 yrs held
Heart Of Florida Storage LLC
since 2015
4 recorded transactions
Zoning & alternative use
C-1 · Lake Alfred, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
2. Neighborhood Activity Center (C -1). The Neighborhood Activity Center district provides for clusters of neighborhood activities, serving commercial, office, residential, recreational, and cultural facilities. 3. Mixed-Use Corridor (C -2). The Mixed-Use Corridor district provides for mixed residential and commercial uses extending along and oriented to col…
Zone name
Neighborhood Activity Center
General category
COMMERCIAL
Zone area
56.72 ac
Top alternative use upside
Medical building
$930,000
+148.6%
Commercial (general)
$850,000
+127.7%
Office building
$740,000
+98.1%
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 Alfred submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Alfred 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
WAREHOUSE, STORAGE
$375,000
Current use
MEDICAL BUILDING
$930,000
Change: +149% · Conversion: Difficult
COMMERCIAL (GENERAL)
$850,000
Change: +128% · Conversion: Difficult
OFFICE BUILDING
$740,000
Change: +98% · Conversion: Difficult
AUTO REPAIR, GARAGE
$730,000
Change: +96% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$550,000
Change: +47% · Conversion: Moderate
RETAIL STORES
$465,000
Change: +25% · Conversion: Moderate
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$230 / 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
$15,926
Tax year 2023
Assessed value
$816,000
Assessed 2023
Previous assessed
$816,000
+0.0% YoY
Effective rate
1.95%
On assessed value
Total market value
$816,000
Applied tax rate
92,440.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Heating
NONE
Buildings
6
Stories
1
Units
1
Total area
3,000 SF
Lot
4.9 ac (213,575 SF)
Zoning code
C-1
APN
262733000000031020
UPID
US18-4504802
Jurisdiction
POLK
Zoning & alternative use
C-1 · Lake Alfred, FLZoning C-1 · permitted uses
C-1 · Lake Alfred, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
2. Neighborhood Activity Center (C -1). The Neighborhood Activity Center district provides for clusters of neighborhood activities, serving commercial, office, residential, recreational, and cultural facilities. 3. Mixed-Use Corridor (C -2). The Mixed-Use Corridor district provides for mixed residential and commercial uses extending along and oriented to collector and arterial roads, at intensities compatible with adjacent neighborhoods. A mixture of land uses is specifically encouraged.
Zone name
Neighborhood Activity Center
General category
COMMERCIAL
Zone area
56.72 ac
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$375,000
MEDICAL BUILDING
Est. value
$930,000
COMMERCIAL (GENERAL)
Est. value
$850,000
OFFICE BUILDING
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$730,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$550,000
RETAIL STORES
Est. value
$465,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1986
Heating
NONE
Stories
1
Buildings
6
Units
1
Lot
4.9 ac
Current owner
From public records · entity-resolved
Heart Of Florida Storage LLC
Entity
Mailing address
PO BOX 536, LAKE ALFRED, FL 33850-0536
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2020
—
Heart Of Florida Storage LLC
—
Deed
related
$781,612 · Centerstate Bk NA
Aug 28, 2015
$980,000
Heart Of Florida Storage LLC
Hugill,jack & Carol
Warranty Deed
related
$735,000 · Centerstate Bk/fl
Jul 20, 2005
$695,000
Hugill,jack & Carol
Baker,cecil
Warranty Deed
$521,250 · Citrus & Chemical Bk
—
—
Heart Of Florida Storage LLC
—
Loan Modification
related
$781,612 · Centerstate Bk NA
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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