Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Grocery and convenience stores
501 Commonwealth SW Ave Polk City, FL 33868-9704
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-4804820
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1989
Total area
3,440 SF
Lot
1.01 ac (44,126 SF)
APN
252632000000023200
UPID
US18-4804820
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
-
Prime Time BP Gas Station
-
RockItCoin Bitcoin ATM Atm
-
Prime Time BP & Vape Store Gas Station
-
Polk City Seventh Day Adventist Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$690k
Comparable Approach
Comparable
$540k
Blend (final)
Blend
$705k
Owner & transaction history
Polk Nrg LLC · 11 yrs held
Polk Nrg LLC
since 2014
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+68.8%
Commercial (general)
$975,000
+54.6%
Office building
$850,000
+34.5%
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 Polk City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Polk City 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%
$745,000
6.5%
$690,000
7%
$640,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$630,000
Current use
MEDICAL BUILDING
$1,065,000
Change: +69% · Conversion: Difficult
COMMERCIAL (GENERAL)
$975,000
Change: +55% · Conversion: Easy
OFFICE BUILDING
$850,000
Change: +35% · Conversion: Moderate
AUTO REPAIR, GARAGE
$835,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$535,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$205 / 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
$8,012
Tax year 2023
Assessed value
$438,337
Assessed 2023
Previous assessed
$346,938
+26.3% YoY
Effective rate
1.83%
On assessed value
Assessed land
$233,979
Assessed improvement
$204,358
Land market value
$233,979
Improvement market value
$204,358
Total market value
$438,337
Applied tax rate
90,520.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1989
Heating
NONE
Stories
1
Units
1
Total area
3,440 SF
Lot
1.01 ac (44,126 SF)
APN
252632000000023200
UPID
US18-4804820
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$630,000
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$975,000
OFFICE BUILDING
Est. value
$850,000
AUTO REPAIR, GARAGE
Est. value
$835,000
RETAIL STORES
Est. value
$535,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1989
Heating
NONE
Stories
1
Units
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Polk Nrg LLC
Entity
Free & Clear · 11 yrs held
Mailing address
4014 CHASE AVE STE #220, MIAMI BEACH, FL 33140-3446
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2014
—
Polk Nrg LLC
Nrg Investment Partners LLC
Quit Claim Deed
related
—
Jan 3, 2005
$821,000
Mdc 6 LLC
Ava Anthony INC
Warranty Deed
$1,632,000 · Amsouth Bank
Oct 2, 1998
$792,000
Ava Anthony INC
Presto Food Store INC
Grant Deed
$7,764,000 · Enterprise Mortgage Acceptance
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 501 Commonwealth SW Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
