Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    508 Lakewood Ave Plant City, FL 33563-2929

    • Day care centers
    • 4,912 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4659019
    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.

    Current Use by Public Records

    • RCMA Child Development Center / Daycare Center / Foster Care Service

    Property Details for 508 Lakewood Ave

    Year built
    1946
    Construction
    WOOD
    Lot size
    0.42 lot acres
    Property size
    4,912 SF
    Zone code
    R-3
    Property type
    Day care centers
    APN
    P30282258L000005000030
    APU
    P30282258L000005000030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Plant City
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.1407
    Latitude
    28.0189
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, 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
    $0.00
    $117,975
    $330,773
    $448,748
    -
    $117,975
    $330,773
    $448,748

    Comparable in this City

    • Value Estimation by Request
      5,895 SF

      1108 Goldfinch Dr

      DAY CARE, PRE-SCHOOL • 5,895 SF
      1108 Goldfinch Dr, Plant City, FL 33563-1081
      View Details
    • Value Estimation by Request
      4,744 SF

      608 Alexander St

      DAY CARE, PRE-SCHOOL • 4,744 SF
      608 Alexander St, Plant City, FL 33563-3038
      View Details
    • Value Estimation by Request
      2,300 SF

      1304 Alsobrook St

      DAY CARE, PRE-SCHOOL • 2,300 SF
      1304 Alsobrook St, Plant City, FL 33563-6632
      View Details
    • Value Estimation by Request
      2,624 SF

      3512 Baker St

      DAY CARE, PRE-SCHOOL • 2,624 SF
      3512 Baker St, Plant City, FL 33563-2837
      View Details
    • Value Estimation by Request
      4,136 SF

      605 Drane St

      DAY CARE, PRE-SCHOOL • 4,136 SF
      605 Drane St, Plant City, FL 33563-5559
      View Details
    • Value Estimation by Request
      2,516 SF

      406 Mahoney St

      DAY CARE, PRE-SCHOOL • 2,516 SF
      406 Mahoney St, Plant City, FL 33563-3126
      View Details

    Similar Nearby for Sale

    • $750,000
      1.60 Acres

      Plant City Commercial Land - 1.6 Acres

      Prime Commercial Lot, High-Traffic Area, I-4 Proximity
      1899 Alsobrook St, Plant City, FL 33563
      View Details
    • $195,000

      Commercial Lot in Plant City

      Strategically located commercial lot near downtown Plant City.
      N Warnell St, Plant City, FL 33563
      View Details
    • $399,000

      Plant City Commercial Land Parcel

      2+-acre commercial parcel on Dr. Martin Luther King Jr. Boulevard.
      4206 E 574 Hwy, Plant City, FL 33563
      View Details
    • $1,250,000

      9.5 Acres on Alexander Street

      9.5-acre parcel near I-4, suitable for various developments.
      1205-1209 W Alexander St, Plant City, FL 33563
      View Details
    • $850,000

      2.2 Acres Zoned Commercial Land

      2.2 acres of commercial land suitable for professional office/medical.
      1305 W Reynolds St, Plant City, FL 33563
      View Details
    • $125,000
      0.24 Acres

      Plant City Land Opportunity

      Cleared lot near downtown Plant City with development potential.
      308 E Damon St, Plant City, FL 33563
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      43,597 SF

      Established Retail Center For Lease

      Retail center with national tenants, south of downtown Plant City.
      1401-1427 S Collins St, Plant City, FL 33563
      View Details
    • $20 SF/Yr
      5,787 SF

      Retail Space with Prime Location

      Retail space for rent with parking and vaults.
      102 W Baker St, Plant City, FL 33563
      View Details
    • Contact for pricing

      Retail Space with Drive-Thru

      8,705 SF retail space with drive-thru and ample parking.
      201 W Reynolds St, Plant City, FL 33563
      View Details
    • Contact for pricing
      2,759 SF

      Commercial Land For Rent

      0.64-acre commercial land available for rent.
      201 W Alexander St, Plant City, FL 33563
      View Details
    • $19 SF/Yr
      544 SF

      Downtown Plant City Office Space

      Office space in downtown Plant City surrounded by businesses.
      102-115 S Evers St, Plant City, FL 33563
      View Details
    • Contact for pricing

      Former Restaurant Space For Lease

      2,759 SF former Popeye’s building available for lease.
      Plant City, FL 33563
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    508 Lakewood Ave
    Plant City, FL 33563-2929
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.