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Property profile & analytics
FOR SALE
Turn key restaurants
5125 S Florida Ave Lakeland, FL 33813
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-2350925
For Sale
1 / 2
$3,500,000
5125 S Florida Ave, Lakeland, FL 33813
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1978
Total area
5,901 SF
Lot
1.2 ac (52,446 SF)
APN
232912000000023030
UPID
US18-2350925
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
-
Hong BBQ & Hot Pot Lakeland Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.26M
Owner & transaction history
Peng Tai LLC · 2 yrs held
Peng Tai LLC
since 2023
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
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
$2,440,000
ML approach
$2,555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,380,000
Current use
INDUSTRIAL (GENERAL)
$3,250,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$2.26M
Range $2.03M – $2.49M · ±10% · vs last sale $2.02M (Aug 16 2023)
Last sale anchor
$2.02M
Aug 16 2023
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
$383 / 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
$21,439
Tax year 2023
Assessed value
$1,420,408
Assessed 2023
Previous assessed
$1,402,336
+1.3% YoY
Effective rate
1.51%
On assessed value
Assessed land
$598,819
Assessed improvement
$821,589
Land market value
$598,819
Improvement market value
$821,589
Total market value
$1,420,408
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1978
Heating
NONE
Stories
1
Units
1
Total area
5,901 SF
Lot
1.2 ac (52,446 SF)
APN
232912000000023030
UPID
US18-2350925
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$3.4M
INDUSTRIAL (GENERAL)
Est. value
$3.3M
RESTAURANT Current
INDUSTRIAL (GENERAL)
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
1978
Heating
NONE
Stories
1
Units
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
Peng Tai LLC
Entity
Mailing address
5965 BAYVIEW CIR S, GULFPORT, FL 33707-3929
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2023
$2,020,000
Peng Tai LLC
5125 S Florida Ave LLC
Warranty Deed
—
Mar 13, 2020
—
5125 Florida Ave LLC
—
Deed
related
$940,800 · Valley Nat'l Bk
Sep 18, 2019
$1,750,000
5125 S Florida Ave LLC
South Lakeland Restaurant LLC
Grant Deed
$940,800 · Valley Nat'l Bk
Jan 3, 2013
$552,500
South Lakeland Restaurant LLC
Ge Cap Franchise Fin Corp
Grant Deed
—
Nov 10, 2011
—
Capital Franchise Finance C Ge
Cnl Funding 98-1 LP
Grant Deed
related
—
Mar 19, 2009
$850,000
Cnl Funding 98-1
S & A Fee Properties Spe 1 LLC
Quit Claim Deed
related
—
—
—
South Lakeland Restaurant LLC
—
Deed Of Trust
related
$1,000,000 · Centerstate Bank Of Florida
—
—
5125 Florida Ave LLC
—
Deed Of Trust
related
$940,800 · Valley Nat'l Bk
—
—
5125 S Florida Ave LLC
—
Loan Modification
related
$777,000 · Valley Nat'l Bk
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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