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500 Mckean St, Auburndale, FL 33823
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Property summary
AI-generated overview
The property is located on US-92 in the industrial area of Auburndale and consists of 5,781 square feet of warehouse space with approximately 5.2 acres of fenced industrial outdoor yard, previously offered as lease space. The site land use is designated IND – Industrial (Polk County), permitting light manufacturing, warehousing, storage, and limited retail uses, and it is configured to support truck parking, yard storage, and mobile home storage. The building (Building 494) is a warehouse that had renovations in 2023, including a roof replacement, and includes a small office, a 12-foot clear height, one dock-high door, and one ramp. The outdoor storage yard is fully fenced and features a mix of asphalt and grass surface. The property is positioned near local industrial neighbors including Coca Cola, Cutrale, US LBM, CWI Logistic, and Florida Caribbean, with access to regional roadway routes including I-4, Polk Parkway, and US Highway 60.
Property profile
Verified
Property type
Other warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1962
Total area
89,520 SF
Lot
15.63 ac (680,712 SF)
APN
252810000000023050
UPID
US18-3453547
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Parking Lot & Garage
-
Building Supply Industrial Manufacturer
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.25M
Blend (final)
Blend
$3.04M
Owner & transaction history
since 2022
Last sale
$2.7M
6 recorded transactions
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.04M
Value range
$2.74M – $3.34M
±10% around blend
Estimated value / SF
$34 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
$2.74M
blend $3.04M
$3.34M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
89,520 SF
Lot area
15.63 ac
Year built
1962
Stories
1
APN
252810000000023050
Assessed value
$2,329,205
Annual tax
$31,569
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$3.25M
Range $2.81M – $10.81M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.04M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 228 sales
$124
-73%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $34/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.67M
Move the market yield to see immediate price impact.
Value / SF
$30
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$168k
$3.36M
$2.40M
$1.87M
$187k
$3.73M
$2.67M
$2.07M
$205k
$4.10M
$2.93M
$2.28M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$31,569
Tax year 2023
Assessed value
$2,329,205
Assessed 2023
Previous assessed
$2,524,528
-7.7% YoY
Effective rate
1.36%
On assessed value
Assessed land
$612,695
Assessed improvement
$1,716,510
Land market value
$612,695
Improvement market value
$1,716,510
Total market value
$2,329,205
Applied tax rate
90,000.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
1962
Heating
NONE
Buildings
5
Stories
1
Units
1
Total area
89,520 SF
Lot
15.63 ac (680,712 SF)
APN
252810000000023050
UPID
US18-3453547
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Stories
1
Buildings
5
Units
1
Lot
15.63 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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