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Property profile & analytics
OFF-MARKET
Estimated value
$4,530,000
Drug stores
5010 Florida Ave Lakeland, FL 33813-2510
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US19-0631333
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2000
Total area
14,757 SF
Lot
1.57 ac (68,433 SF)
APN
232912000000021030
UPID
US19-0631333
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
-
Danielle Baldwin Pediatrician Physician
-
Cardtronics ATM Atm
-
MoneyGram Bank Credit Union
-
Alanna Lasseter Foster Care Service Social Service Agency
-
CDReload - Online Bitcoin ATM Atm Crypto Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.36M
Blend (final)
Blend
$4.53M
Owner & transaction history
Has Lakeland LLC · 2 yrs held
Has Lakeland LLC
since 2024
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.8M
+38.9%
Auto repair, garage
$3.7M
+33.0%
Medical building
$3.6M
+32.0%
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 Lakeland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakeland 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
$4,530,000
ML approach
$4,530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,745,000
Current use
COMMERCIAL (GENERAL)
$3,810,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,650,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$3,625,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$4.53M
Range $4.08M – $4.98M · ±10% · vs last sale $4.53M (May 20 2024)
Last sale anchor
$4.53M
May 20 2024
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
$307 / 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
$39,725
Tax year 2023
Assessed value
$2,581,998
Assessed 2023
Previous assessed
$2,581,998
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$1,128,815
Assessed improvement
$1,453,183
Land market value
$1,128,815
Improvement market value
$1,453,183
Total market value
$2,581,998
Applied tax rate
91,000.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2000
Heating
NONE
Stories
1
Units
1
Total area
14,757 SF
Lot
1.57 ac (68,433 SF)
APN
232912000000021030
UPID
US19-0631333
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
RETAIL STORES Current
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.6M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2000
Heating
NONE
Stories
1
Units
1
Lot
1.57 ac
Current owner
From public records · entity-resolved
Has Lakeland LLC
Entity
Mailing address
6401 SW 96TH ST, PINECREST, FL 33156-1848
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2024
$4,530,000
Has Lakeland LLC
Minerva Equities LLC
Special Warranty Deed
—
Nov 14, 2014
$4,315,000
Minerva Equities LLC
Aem Einkommen LLC
Grant Deed
related
$1,550,000 · Lakeland Bridge LLC
Aug 31, 2007
—
Aem Einkommen LLC
Kigi Investment INC
Warranty Deed
related
—
Mar 30, 2006
$3,807,800
Kigi Investment INC
Leeward Realty Corp
Warranty Deed
—
—
—
Aem Einkommen LLC
—
Deed Of Trust
related
$4,303,500 · Mutti Holdings Ltd
—
—
Aem Einkommen LLC
—
Deed Of Trust
related
$4,303,500 · Mutti Holdings Ltd
—
—
Minerva Equities LLC
—
Deed Of Trust
related
$3,530,000 · Cantor Com'l R/e Lndg
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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