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Property profile & analytics
OFF-MARKET
Estimated value
$16,325,000
Outlet malls
5275 Drane Fld Rd Ste 400 Lakeland, FL 33811-1287
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-7535936
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2020
Total area
222,400 SF
Lot
19.54 ac (851,206 SF)
APN
232831000000044010
UPID
US18-7535936
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.51M
Blend (final)
Blend
$16.33M
Owner & transaction history
Lex Lakeland LLC · 4 yrs held
Lex Lakeland LLC
since 2021
Last sale
$15.1M
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 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
$17,580,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$16.33M
Range $14.69M – $17.96M · ±10% · vs last sale $15.11M (Jan 29 2021)
Last sale anchor
$15.11M
Jan 29 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
$73 / 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
$236,036
Tax year 2023
Assessed value
$17,927,394
Assessed 2023
Previous assessed
$17,927,394
+0.0% YoY
Effective rate
1.32%
On assessed value
Total market value
$17,927,394
Applied tax rate
90,000.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2020
Heating
NONE
Stories
1
Units
1
Total area
222,400 SF
Lot
19.54 ac (851,206 SF)
APN
232831000000044010
UPID
US18-7535936
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
2020
Heating
NONE
Stories
1
Units
1
Lot
19.54 ac
Current owner
From public records · entity-resolved
Lex Lakeland LLC
Entity
Free & Clear · 4 yrs held
Mailing address
12400 COIT RD #12700, DALLAS, TX 75251-2069
Ownership since
2021
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
Aug 5, 2021
$22,250,000
Lex Lakeland LLC
Apple Glen Investors LP
Re-recorded Document
related
—
Jan 29, 2021
—
Lex Lakeland LLC
Glen Investors LP Apple
Grant Deed
related
—
Aug 4, 2020
$15,105,200
Apple Glen Investors LP
Bsd-drane Field LLC
Grant Deed
—
Nov 26, 2019
—
Bsd-drane Field LLC
—
Grant Deed
related
$10,889,664 · Valley Nat'l Bk
Nov 20, 2019
$100
Polk Cnty
Bsd-drane Field LLC
Quit Claim Deed
related
—
May 21, 2019
$1,325,000
Bsd-drane Field LLC
Memk INC
Warranty Deed
$1,060,200 · Memk INC
Jul 14, 2009
$1,000,000
Memk INC
Como Investments LLC
Deed In Lieu Of Foreclosure
—
May 4, 2005
$1,250,000
Como Investments LLC
Memk INC
Warranty Deed
$1,000,000 · Memk INC
Jan 7, 2004
—
Memk INC
Kennedy,michael & Jean
Grant Deed
related
—
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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