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Property profile & analytics
OFF-MARKET
Estimated value
$7,350,000
Assisted living facilities
5245 Socrum Loop Rd Lakeland, FL 33809-4253
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-3733787
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1984
Total area
39,060 SF
Lot
3.86 ac (168,359 SF)
APN
242730000000014050
UPID
US18-3733787
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
-
Karen Hutchinson Physician
-
Caitlin Slater Physician
-
Breezy Hills Rehab and Care Center Rehabilitation Center
-
Consulate Health Care of Lakeland Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.27M
Blend (final)
Blend
$7.35M
Owner & transaction history
Crea Lakeland LLC · 4 yrs held
Crea Lakeland LLC
since 2022
Last sale
$7.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.2M
+90.6%
Commercial (general)
$8.8M
+82.0%
Restaurant
$6.1M
+27.0%
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
$8,160,000
ML approach
$8,120,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$4,825,000
Current use
OFFICE BUILDING
$9,200,000
Change: +91% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,785,000
Change: +82% · Conversion: Difficult
RESTAURANT
$6,130,000
Change: +27% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,095,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$7.35M
Range $6.62M – $8.09M · ±10% · vs last sale $7.10M (Mar 4 2022)
Last sale anchor
$7.10M
Mar 4 2022
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
$188 / 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
$79,659
Tax year 2023
Assessed value
$4,369,730
Assessed 2023
Previous assessed
$4,235,771
+3.2% YoY
Effective rate
1.82%
On assessed value
Assessed land
$420,940
Assessed improvement
$3,948,790
Land market value
$420,940
Improvement market value
$3,948,790
Total market value
$4,369,730
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1984
Heating
NONE
Stories
1
Units
1
Total area
39,060 SF
Lot
3.86 ac (168,359 SF)
APN
242730000000014050
UPID
US18-3733787
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$4.8M
OFFICE BUILDING
Est. value
$9.2M
COMMERCIAL (GENERAL)
Est. value
$8.8M
RESTAURANT
Est. value
$6.1M
INDUSTRIAL (GENERAL)
Est. value
$5.1M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
INDUSTRIAL (GENERAL)
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
1984
Heating
NONE
Stories
1
Units
1
Lot
3.86 ac
Current owner
From public records · entity-resolved
Crea Lakeland LLC
Entity
Mailing address
1 EXCHANGE PLZ STE #2001, NEW YORK, NY 10006-3736
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2024
—
Crea Franco LLC
—
Deed
related
—
Mar 4, 2022
$7,104,000
Crea Lakeland LLC
Re Lakeland LLC
Special Warranty Deed
$52,199,495 · Capital Funding
Aug 10, 2018
—
Re Lakeland LLC
—
Deed
related
$60,000 · Bear Crk Products 2018-5 (snf
Aug 9, 2018
$6,767,200
Re Lakeland LLC
Fc-thc Leasing III LLC
Grant Deed
$29,890,366 · Fa-scd Snf Investors I LLC
Oct 3, 2012
—
Fc-thc Leasing III LLC
—
Deed Of Trust
related
$390,061,939 · General Electric Capital Corp
Oct 16, 2009
$8,600,000
Fc-thc Leasing III LLC
Health Care Reit INC
Grant Deed
$37,000,000 · Capitalsource Bank
—
—
Re Lakeland LLC
—
Loan Modification
related
$60,000 · Bear Crk Products 2018-5 (snf
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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