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Property profile & analytics
OFF-MARKET
Estimated value
$1,720,000
Drive through restaurants
515 Canal St Mulberry, FL 33860-2525
Entity Owned
~
Est. High Equity
Property ID
US18-0092406
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1985
Total area
3,467 SF
Lot
2.25 ac (98,141 SF)
APN
233001142480001010
UPID
US18-0092406
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
-
Hardee's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$1.72M
Owner & transaction history
Star Realco 3 LLC
Star Realco 3 LLC
since 2025
Last sale
$1.5M
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 Mulberry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mulberry 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
$1,850,000
ML approach
$1,725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±10% · vs last sale $1.45M (May 17 2021)
Last sale anchor
$1.45M
May 17 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
$496 / 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
$17,443
Tax year 2023
Assessed value
$830,362
Assessed 2023
Previous assessed
$863,541
-3.8% YoY
Effective rate
2.10%
On assessed value
Assessed land
$220,786
Assessed improvement
$609,576
Land market value
$220,786
Improvement market value
$609,576
Total market value
$830,362
Applied tax rate
90,110.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1985
Heating
NONE
Stories
1
Units
1
Total area
3,467 SF
Lot
2.25 ac (98,141 SF)
APN
233001142480001010
UPID
US18-0092406
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
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Stories
1
Units
1
Lot
2.25 ac
Current owner
From public records · entity-resolved
Star Realco 3 LLC
Entity
Mailing address
4029 HENDERSON BLVD, TAMPA, FL 33629-4939
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2025
—
Star Realco 3 LLC
Phase 3 Star LLC
Special Warranty Deed
$700,000 · Cadence Bank NA
May 17, 2021
$1,450,000
Phase Three Star LLC
Joe M Pinheiro
Deed
—
May 27, 2015
$1,320,000
Pinheiro,joe M & Hilda Trust
Vre Mulberry River LLC
Grant Deed
—
Dec 16, 2014
$485,000
Vre Mulberry River LLC
Valley Rbs 1 LLC
Warranty Deed
$915,000 · Patriot Bk
May 22, 2008
—
Valley Rbs 1 LLC
Valley,steven & Doreen
Quit Claim Deed
related
—
Sep 12, 2006
$855,000
Steven Valley
Kb Dev 3 LLC
Grant Deed
$485,000 · Indian River National Bank
Sep 20, 2004
—
Hardees Food Systems INC
Leased Restaurant Partners
Quit Claim Deed
related
—
Sep 20, 2004
$225,000
Kb Dev 3 LLC
Hardees Food Systems INC
Grant Deed
—
—
—
Kb Dev 3 LLC
—
Deed Of Trust
related
$640,000 · Amcore 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.
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