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Property profile & analytics
OFF-MARKET
Estimated value
$3,510,000
Office buildings
502 Bridgers Ave Auburndale, FL 33823-3721
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5101639
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Total area
14,448 SF
Lot
5.74 ac (249,904 SF)
APN
252812000000034020
UPID
US18-5101639
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
-
Castillo's Mobile Mechanic Auto Repair Shop
-
Alex Ginsburg Photographics Photography Service (Bike/Boat/Book/etc) Store
-
Doka Laydown Yard Warehouse & Storage
-
S&J Auto Sales LLC Car Dealership
-
THERMO KING Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.92M
Comparable Approach
Comparable
$3.79M
Blend (final)
Blend
$3.51M
Owner & transaction history
Auburndale Industrial Holdings LLC · 4 yrs held
Auburndale Industrial Holdings LLC
since 2021
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.5M
+40.8%
Commercial (general)
$4.1M
+28.9%
Auto repair, garage
$3.5M
+10.8%
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 Auburndale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Auburndale 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%
$3,155,000
6.5%
$2,915,000
7%
$2,705,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,175,000
Current use
MEDICAL BUILDING
$4,470,000
Change: +41% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,095,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,515,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$2,935,000
Change: -8% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,650,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$3.51M
Range $3.16M – $3.86M · ±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
$243 / 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
$41,897
Tax year 2023
Assessed value
$2,531,707
Assessed 2023
Previous assessed
$2,479,354
+2.1% YoY
Effective rate
1.65%
On assessed value
Assessed land
$174,936
Assessed improvement
$2,356,771
Land market value
$174,936
Improvement market value
$2,356,771
Total market value
$2,531,707
Applied tax rate
90,330.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Heating
NONE
Buildings
6
Stories
2
Units
1
Total area
14,448 SF
Lot
5.74 ac (249,904 SF)
APN
252812000000034020
UPID
US18-5101639
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
OFFICE BUILDING Current
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.5M
RETAIL STORES
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1990
Heating
NONE
Stories
2
Buildings
6
Units
1
Lot
5.74 ac
Current owner
From public records · entity-resolved
Auburndale Industrial Holdings LLC
Entity
Mailing address
2818 STEINWAY ST, ASTORIA, NY 11103-3349
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2021
—
Auburndale Industrial Holdings LLC
Charlotte Avenue Auburndale LLC
Special Warranty Deed
$5,806,269 · Cp Pl Holding LLC
Oct 20, 2005
—
Charlotte Avenue Auburndale Ll
Commercial Carrier Corp
Grant Deed
$12,000,000 · J P Morgan Chase Bank
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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