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Property profile & analytics
OFF-MARKET
Estimated value
$2,230,000
Motels
515 Bon Air St Lakeland, FL 33805-4638
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4584376
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1973
Total area
25,375 SF
Lot
1.56 ac (67,866 SF)
Zoning code
C201
APN
242807171000004010
UPID
US18-4584376
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
$2.29M
CAP Approach
CAP
$2.25M
Comparable Approach
Comparable
$2.67M
Blend (final)
Blend
$2.23M
Owner & transaction history
Thisisawesome LLC · 5 yrs held
Thisisawesome LLC
since 2021
Last sale
$2.0M
3 recorded transactions
Zoning & alternative use
C201 · 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
$2,270,000
ML approach
$2,290,000
CAP Approach
CAP Return
Estimation
6%
$2,440,000
6.5%
$2,250,000
7%
$2,090,000
Blend value · Realmo final
$2.23M
Range $2.01M – $2.45M · ±10% · vs last sale $1.95M (Apr 30 2021)
Last sale anchor
$1.95M
Apr 30 2021
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
$88 / 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
$30,664
Tax year 2023
Assessed value
$1,682,064
Assessed 2023
Previous assessed
$1,609,608
+4.5% YoY
Effective rate
1.82%
On assessed value
Assessed land
$339,730
Assessed improvement
$1,342,334
Land market value
$339,730
Improvement market value
$1,342,334
Total market value
$1,682,064
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
25,375 SF
Lot
1.56 ac (67,866 SF)
Zoning code
C201
APN
242807171000004010
UPID
US18-4584376
Jurisdiction
POLK
Zoning & alternative use
C201 · Lakeland, FL
Zoning C201 · permitted uses
C201 · 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
1.56 ac
Current owner
From public records · entity-resolved
Thisisawesome LLC
Entity
Mailing address
2215 GULF BLVD, INDIAN ROCKS BEACH, FL 33785-3823
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2021
$1,950,000
Thisisawesome LLC
Round Plantation LLC
Warranty Deed
$1,657,500 · Bank Of The Ozarks
Apr 30, 2021
—
Round Plantation LLC
John Round
Correction Deed
related
—
Apr 25, 2019
$100
Round Plantation LLC
Round,john
Quit Claim Deed
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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