Realmo Analytics

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Property profile

515 Bon Air St 229 Lakeland, FL 33805

FOR SALE
Motels
Property ID
US18-4584376
25,375 SF 1.56 ac lot Built 1973
Last sale Apr 2021 · $1,950,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$31k
Tax billed · 2023
Assessed value$1.68M
Assessed land$340k
Assessed improvement$1.34M
Effective rate1.82%

Value estimate

· Oct 2026
$2.27M
$2.04M – $2.50M
AI approach$2.29M
CAP approach$2.25M
Submarket $/SF estimate$2.67M
NOI build-up
Gross scheduled income$9k
Vacancy & credit loss−$569
Operating expenses−$4k
NOI · 529.16% cap applied$5k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$226/SF
County average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$103 – $353

Cap rate analysis

How does the asset earn?
529.16%
$5k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C201
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Watch Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Watch Repair Shop8.7
Laundry Service8.3
Butcher8.3

Location

515 Bon Air St, Unit 229 Lakeland, FL 33805
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 4 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
3120 Us Hwy 98th N, Lakeland, FL 33805-2104 $5,170,000 Feb 2021 8,012 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
4 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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