Realmo Analytics

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Property profile

518 Memorial Blvd Lakeland, FL 33801

OFF-MARKET
Turn key restaurants
Property ID
US18-5272227
4,912 SF 0.22 ac lot Built 1970
Last sale Sep 2026 · $525,000
Trust Owned Owner of record is a trust. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A freestanding restaurant building configured for high-volume food service, including a full commercial kitchen with hood and exhaust system, over 20 gas burners, dedicated food preparation areas, and oversized walk-in cooler and freezer units; the property also includes a restaurant HVAC system and is set up with dining furniture and restaurant equipment suitable for ongoing restaurant operations. The building is located on E. Memorial Boulevard (US 92) within a commercial corridor and…

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?
$3k
Tax billed · 2023
Assessed value$176k
Assessed land$73k
Assessed improvement$103k
Effective rate1.82%

Value estimate

· Nov 2026
$145k
$131k – $160k
AI approach$135k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$573/SF
Submarket average, outlier-cleaned · 52 recorded sales of this use type
Observed band · Q1–Q3$192 – $921
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-2
General categoryCOMMERCIAL
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility11.2
Dental Office10.0
Convenience Store9.6

Location

518 Memorial Blvd Lakeland, FL 33801-1844
County assessor Recorded deeds · 7 transfers 8 qualifying comp sales 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

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
803 Florida, Lakeland, FL 33801 $2,000,000 Nov 2024 5,500 SF
122 Main, Lakeland, FL 33801-4655 $1,400,000 Apr 2024 6,000 SF
4830 Us Hwy 92nd E, Lakeland, FL 33801-9583 $550,000 Apr 2024 5,920 SF
811 Palmetto, Lakeland, FL 33801-5528 $239,000 Nov 2023 4,438 SF
125 Kentucky, Lakeland, FL 33801-5001 $1,200,000 Sep 2023 4,400 SF
1211 Main, Lakeland, FL 33801-5773 $205,000 Sep 2023 4,626 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
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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