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Property profile & analytics
OFF-MARKET
Estimated value
$4,215,000
Manufacturing properties
5070 Hwy 60th E Mulberry, FL 33860
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3029447
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1983
Total area
38,400 SF
Lot
13.63 ac (593,505 SF)
Zoning code
C-4
APN
243008000000011080
UPID
US18-3029447
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.80M
CAP Approach
CAP
$2.82M
Comparable Approach
Comparable
$4.16M
Blend (final)
Blend
$4.22M
Owner & transaction history
Cadet 23 LLC · 2 yrs held
Cadet 23 LLC
since 2024
Last sale
$5.7M
7 recorded transactions
Zoning & alternative use
C-4 · Mulberry, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Forms | Mulberry, FL
Top alternative use upside
Retail stores
$6.0M
+0.5%
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 Mulberry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mulberry 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
$4,395,000
ML approach
$4,800,000
CAP Approach
CAP Return
Estimation
6%
$3,055,000
6.5%
$2,820,000
7%
$2,615,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,940,000
Current use
RETAIL STORES
$5,965,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$4.22M
Range $3.79M – $4.64M · ±10% · vs last sale $5.74M (Apr 12 2024)
Last sale anchor
$5.74M
Apr 12 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
$110 / 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
$19,368
Tax year 2023
Assessed value
$1,422,193
Assessed 2023
Previous assessed
$1,432,653
-0.7% YoY
Effective rate
1.36%
On assessed value
Assessed land
$549,799
Assessed improvement
$872,394
Land market value
$549,799
Improvement market value
$872,394
Total market value
$1,422,193
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1983
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
38,400 SF
Lot
13.63 ac (593,505 SF)
Zoning code
C-4
APN
243008000000011080
UPID
US18-3029447
Jurisdiction
POLK
Zoning & alternative use
C-4 · Mulberry, FLZoning C-4 · permitted uses
C-4 · Mulberry, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Forms | Mulberry, FL
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.9M
RETAIL STORES
Est. value
$6.0M
INDUSTRIAL (GENERAL) Current
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
1983
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
13.63 ac
Current owner
From public records · entity-resolved
Cadet 23 LLC
Entity
Mailing address
5710 BULL RUN DR STE #520, COLUMBIA, MO 65201-2860
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
Jul 12, 2024
$5,735,900
Cadet 23 LLC
Equipmentshare Com INC
Warranty Deed
—
Sep 15, 2023
$3,500,000
Equipmentshare Com INC
Met Pro Supply INC
Warranty Deed
—
Dec 29, 2010
$1,020,000
Met Pro Supply INC
Edgen Murray Corp
Warranty Deed
$520,000 · Suntrust Bank NA
Oct 5, 2007
—
Edgen Murray Corp
—
Deed Of Trust
related
$425,000,000 · Lehman Commercial Paper INC
—
—
Edgen Murray Corp
—
Deed Of Trust
related
$1,600,000 · Bank Of Ny Mellon Tr Co NA
—
—
Met Pro Supply INC
—
Deed Of Trust
related
$477,731 · Platinum Bk
—
—
Met-pro Supply INC
—
Deed Of Trust
related
$423,000 · Suntrust Bank NA
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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