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Property profile & analytics
OFF-MARKET
Estimated value
$11,625,000
Medical Office Space
500 Central Ave Winter Haven, FL 33880-3053
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3262445
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1973
Total area
53,216 SF
Lot
1.93 ac (84,245 SF)
APN
262828605500011010
UPID
US18-3262445
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
-
Winter Haven Hospital Hpl Medical Clinic
-
Richard Todd, PT Physician
-
CRCF Trials Research Institute
-
Better Bladder Center Medical Clinic
-
Jana Kenaan, MD - Bond Clinic, P.A. Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.29M
Comparable Approach
Comparable
$10.23M
Blend (final)
Blend
$11.63M
Owner & transaction history
Adventhealth West Fl Ambulatory Svc · 1 yrs held
Adventhealth West Fl Ambulatory Svc
since 2025
7 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 Winter Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winter Haven 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%
$11,145,000
6.5%
$10,290,000
7%
$9,555,000
Blend value · Realmo final
$11.63M
Range $10.46M – $12.79M · ±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
$218 / 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
$141,790
Tax year 2023
Assessed value
$8,109,293
Assessed 2023
Previous assessed
$7,631,569
+6.3% YoY
Effective rate
1.75%
On assessed value
Assessed land
$320,203
Assessed improvement
$7,789,090
Land market value
$320,203
Improvement market value
$7,789,090
Total market value
$8,109,293
Applied tax rate
92,410.0000
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
1973
Heating
NONE
Buildings
3
Stories
2
Units
1
Total area
53,216 SF
Lot
1.93 ac (84,245 SF)
APN
262828605500011010
UPID
US18-3262445
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
1973
Heating
NONE
Stories
2
Buildings
3
Units
1
Lot
1.93 ac
Current owner
From public records · entity-resolved
Adventhealth West Fl Ambulatory Svc
Individual
Mailing address
500 E CENTRAL AVE, WINTER HAVEN, FL 33880-3053
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2025
$16,480,000
Adventhealth West Fl Ambulatory Svc
Bond Building Partnership LLP
Special Warranty Deed
—
Aug 29, 2023
—
Bond Building Partnership LLP
—
Deed
related
$6,440,000 · Citizens Bank & Trust
May 7, 2009
—
Bond Building Ptshp LLP
—
Deed Of Trust
related
$1,500,000 · Wachovia Bank NA
Feb 1, 2008
—
Bond Building Ptshp LLP
—
Deed Of Trust
related
$1,500,000 · Wachovia Bank NA
—
—
Bond Building Ptshp LLP
—
Deed Of Trust
related
$1,000,000 · Citizens Bk
—
—
Bond Building Ptshp LLP
—
Deed Of Trust
related
$6,440,000 · Citizens Bk
—
—
Bond Building Ptshp LLP
—
Deed Of Trust
related
$300,000 · Bank Of America
—
—
Bond Building Ptshp LLP
—
Deed Of Trust
related
$2,273,410 · Bank Of America
—
—
Bond Building Ptshp LLP
—
Deed Of Trust
related
$203,744 · Bank Of America
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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