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Property profile & analytics
OFF-MARKET
Estimated value
$15,500,000
Retail space
5115 Us Hwy 98th N Lakeland, FL 33809-0514
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-4170545
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1988
Total area
51,990 SF
Lot
9.84 ac (428,456 SF)
Zoning code
C-2
APN
232725000000033030
UPID
US18-4170545
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
-
Harbor Freight Tools Building Supply Hardware & Home Improvement
-
KeyExpress Locksmiths Locksmith (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$15.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.72M
Blend (final)
Blend
$15.50M
Owner & transaction history
Emaus Cps LLC · 1 yrs held
Emaus Cps LLC
since 2024
Last sale
$15.5M
4 recorded transactions
Zoning & alternative use
C-2 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.4M
+38.9%
Auto repair, garage
$12.9M
+33.0%
Medical building
$12.8M
+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
$15,500,000
ML approach
$15,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$9,670,000
Current use
COMMERCIAL (GENERAL)
$13,430,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$12,860,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$12,770,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$12,135,000
Change: +25% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$9,530,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$15.50M
Range $13.95M – $17.05M · ±10% · vs last sale $15.50M (Nov 12 2024)
Last sale anchor
$15.50M
Nov 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
$298 / 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
$121,971
Tax year 2023
Assessed value
$6,690,723
Assessed 2023
Previous assessed
$6,676,676
+0.2% YoY
Effective rate
1.82%
On assessed value
Total market value
$6,690,723
Applied tax rate
91,510.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1988
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
51,990 SF
Lot
9.84 ac (428,456 SF)
Zoning code
C-2
APN
232725000000033030
UPID
US18-4170545
Jurisdiction
POLK
Zoning & alternative use
C-2 · Lakeland, FL
Zoning C-2 · permitted uses
C-2 · 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
RETAIL STORES Current
Est. value
$9.7M
COMMERCIAL (GENERAL)
Est. value
$13.4M
AUTO REPAIR, GARAGE
Est. value
$12.9M
MEDICAL BUILDING
Est. value
$12.8M
OFFICE BUILDING
Est. value
$12.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.5M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1988
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
9.84 ac
Current owner
From public records · entity-resolved
Emaus Cps LLC
Entity
Mailing address
222 POINCIANA DR, SUNNY ISLES BEACH, FL 33160-4518
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2024
$15,500,000
Emaus Cps LLC
Lakelands Sons LLC
Warranty Deed
$6,500,000 · Suncoast Cu
Dec 11, 2019
$56,000
Lakelands Sons LLC
Clearwater Bay Marina LLC
Grant Deed
$4,000,000 · City Nat'l Bk/fl
Oct 17, 2005
$8,200,000
Clearwater Bay Marina LLC
Hong Yun Trust
Grant Deed
$3,000,000 · Associated Bank
—
—
Clearwater Bay Marina LLC
—
Deed Of Trust
related
$1,000,000 · Associated 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.
Try Rey
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