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    501 Commonwealth SW Ave Polk City, FL 33868-9704
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    Property profile & analytics

    501 Commonwealth SW Ave, Polk City, FL 33868-9704

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    • Grocery and convenience stores
    • 3,440 SF
    • 1.01 lot acres
    Off-Market
    Property ID
    US18-4804820
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $705,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 501 Commonwealth SW Ave

    Year built
    1989
    Lot size
    1.01 lot acres
    Property type
    Grocery and convenience stores
    APN
    252632000000023200
    APU
    252632000000023200

    Sales History

    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 $1.6M · Amsouth Bank
    Oct 2, 1998 $792,000 Ava Anthony INC Presto Food Store INC Grant Deed $7.8M · Enterprise Mortgage Acceptance

    Value Estimations

    based on Realmo’s proprietary methodology
    • CAP approach

      CAP Return
      Estimation
      6%
      $745,000
      6.5%
      $690,000
      7%
      $640,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $540,000
      Market price range: $242k - $585k
    • 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

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Polk City
    County
    Polk
    State
    Florida
    Longitude
    -81.8296
    Latitude
    28.1785
    CBSA code
    29460
    CBSA name
    LAKELAND, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,012
    $233,979
    $204,358
    $438,337
    -
    $233,979
    $204,358
    $438,337
    More about this property
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