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Property profile & analytics
OFF-MARKET
Estimated value
$1,190,000
Motels
512 Julius T Horney Dr Lakeland, FL 33805
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-4605654
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1973
Total area
12,636 SF
Lot
0.43 ac (18,901 SF)
Zoning code
O1XX
APN
242807173500013151
UPID
US18-4605654
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
by Request
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.19M
Owner & transaction history
Ashria Enterprises LLC
Ashria Enterprises LLC
since 2025
6 recorded transactions
Zoning & alternative use
O1XX · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$1,215,000
6.5%
$1,120,000
7%
$1,040,000
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±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
$94 / 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
$10,490
Tax year 2023
Assessed value
$736,041
Assessed 2023
Previous assessed
$699,986
+5.2% YoY
Effective rate
1.43%
On assessed value
Assessed land
$71,816
Assessed improvement
$664,225
Land market value
$71,816
Improvement market value
$664,225
Total market value
$736,041
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1973
Heating
NONE
Stories
2
Units
1
Bathrooms
1
Total area
12,636 SF
Lot
0.43 ac (18,901 SF)
Zoning code
O1XX
APN
242807173500013151
UPID
US18-4605654
Jurisdiction
POLK
Zoning & alternative use
O1XX · Lakeland, FL
Zoning O1XX · permitted uses
O1XX · 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.
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Stories
2
Units
1
Bathrooms
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Ashria Enterprises LLC
Entity
Mailing address
1433 LAKELAND HLS BLVD, LAKELAND, FL 33805-3206
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2025
—
Ashria Enterprises LLC
—
Deed
related
$500,000 · Crews Bank & Trust
Mar 29, 2018
—
Ashria Ents INC
—
Deed
related
$351,313 · Pinnacle Bk/sioux Cty
—
—
Ashria Ents INC
—
Loan Modification
related
$351,313 · Pinnacle Bk/sioux Cty
—
—
Ashria Ents INC
—
Deed Of Trust
related
$800,000 · Fidelity Bank Florida
—
—
Ashria Ents INC
—
Deed Of Trust
related
$800,000 · Pinnacle Bank
—
—
Ashria Ents INC
—
Deed Of Trust
related
—
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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