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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Strip malls
5100 Us Hwy 98th N Lakeland, FL 33809-0534
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US18-4335006
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Total area
9,000 SF
Lot
1.98 ac (86,031 SF)
Zoning code
C-3
APN
232726010000002500
UPID
US18-4335006
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
-
North Lakeland Polyclinic Medical Clinic
-
BubbaQue's BBQ - Lakeland North Restaurant
-
Tinys Pizza And Wings Restaurant
-
Theflowermargaritanails Nail Salon
-
Barber Zone Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.80M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.31M
Owner & transaction history
Anchor-oak Plaza LLC · 19 yrs held
Anchor-oak Plaza LLC
since 2007
4 recorded transactions
Zoning & alternative use
C-3 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.1M
+27.4%
Retail stores
$1.7M
+1.5%
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,950,000
6.5%
$1,800,000
7%
$1,670,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,650,000
Current use
OFFICE BUILDING
$2,100,000
Change: +27% · Conversion: Moderate
RETAIL STORES
$1,675,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±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
$145 / 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
$35,372
Tax year 2023
Assessed value
$1,995,061
Assessed 2023
Previous assessed
$1,826,704
+9.2% YoY
Effective rate
1.77%
On assessed value
Assessed land
$602,154
Assessed improvement
$1,392,907
Land market value
$602,154
Improvement market value
$1,392,907
Total market value
$1,995,061
Applied tax rate
90,510.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
9,000 SF
Lot
1.98 ac (86,031 SF)
Zoning code
C-3
APN
232726010000002500
UPID
US18-4335006
Jurisdiction
POLK
Zoning & alternative use
C-3 · Lakeland, FL
Zoning C-3 · permitted uses
C-3 · Lakeland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakeland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.7M
OFFICE BUILDING
Est. value
$2.1M
RETAIL STORES
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
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
1984
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
1.98 ac
Current owner
From public records · entity-resolved
Anchor-oak Plaza LLC
Entity
Mailing address
500 S FLORIDA AVE STE #700, LAKELAND, FL 33801-5270
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2016
—
Anchor-oak Plaza LLC
—
Deed
related
$1,515,002 · Midflorida FCU
Jan 22, 2007
—
Anchor-oak Plaza LLC
Anchor Investment Corp Of Fla
Quit Claim Deed
related
$1,455,000 · Suntrust Bank NA
May 11, 1999
$1,115,000
Anchor Investments
Mcdonald,paul D
Grant Deed
$274,464 · Suntrust Bank Mid Florida NA
—
—
Anchor-oak Plaza LLC
—
Deed Of Trust
related
$1,515,002 · Midflorida FCU
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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