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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Commercial real estate
520 Pr Industrial Pkwy Mulberry, FL 33860-9585
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3188185
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1981
Total area
4,000 SF
Lot
2.99 ac (130,419 SF)
APN
233003000000023030
UPID
US18-3188185
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
-
Engineered Electric Services, LLC Electrical Engineer Electrical Substation
-
Arc Flash Florida Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$789k
Blend (final)
Blend
$785k
Owner & transaction history
Lucky 8 Ventures LLC · 2 yrs held
Lucky 8 Ventures LLC
since 2023
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+9.2%
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
$940,000
ML approach
$1,010,000
CAP Approach
CAP Return
Estimation
6%
$750,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,135,000
Current use
MEDICAL BUILDING
$1,235,000
Change: +9% · Conversion: Easy
OFFICE BUILDING
$985,000
Change: -13% · Conversion: Easy
AUTO REPAIR, GARAGE
$975,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $750k (Dec 29 2023)
Last sale anchor
$750k
Dec 29 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
$196 / 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
$16,579
Tax year 2023
Assessed value
$890,808
Assessed 2023
Previous assessed
$662,511
+34.5% YoY
Effective rate
1.86%
On assessed value
Assessed land
$299,996
Assessed improvement
$590,812
Land market value
$299,996
Improvement market value
$590,812
Total market value
$890,808
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1981
Heating
NONE
Buildings
5
Stories
1
Units
1
Total area
4,000 SF
Lot
2.99 ac (130,419 SF)
APN
233003000000023030
UPID
US18-3188185
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
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$985,000
AUTO REPAIR, GARAGE
Est. value
$975,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1981
Heating
NONE
Stories
1
Buildings
5
Units
1
Lot
2.99 ac
Current owner
From public records · entity-resolved
Lucky 8 Ventures LLC
Entity
Mailing address
5445 OVERLOOK PT, LAKELAND, FL 33812-3273
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
$750,000
Lucky 8 Ventures LLC
Leedy Realty LLC
Special Warranty Deed
$700,000 · Inb National Association
Jul 17, 2017
$245,100
Leedy Realty LLC
Leedy,cecil
Warranty Deed
related
$1,275,000 · Bank Of Ctrl Fl
Oct 2, 2015
—
Leedy Realty LLC
Leedy,john
Quit Claim Deed
related
—
Feb 4, 2005
$375,000
John Leedy
Hughes Supply INC
Grant Deed
$237,500 · Citrus & Chemical Bank
Mar 30, 1998
$300,000
Hughes Supply INC
Petterson Trust
Grant Deed
—
—
—
John P Leedy
—
Deed Of Trust
related
$33,925 · Citrus & Chemical Bank
—
—
John P Leedy
—
Deed Of Trust
related
$47,765 · Citrus & Chemical Bank
—
—
John Leedy
—
Deed Of Trust
related
$260,000 · Bank Of Central Florida
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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