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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Turn key restaurants
5298 Hwy 27, Frostproof, FL 33843-7731
Entity Owned
Free & Clear
Property ID
US18-3115199
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1959
Total area
2,952 SF
Lot
1.22 ac (53,013 SF)
APN
283207000000043030
UPID
US18-3115199
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
$485k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$453k
Blend (final)
Blend
$510k
Owner & transaction history
The Roost Frostproof INC
The Roost Frostproof INC
since 2025
Last sale
$550,000
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 Frostproof submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Frostproof 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
$510,000
ML approach
$485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $550k (Feb 7 2025)
Last sale anchor
$550k
Feb 7 2025
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
$173 / 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
$3,249
Tax year 2023
Assessed value
$178,034
Assessed 2023
Previous assessed
$189,287
-5.9% YoY
Effective rate
1.82%
On assessed value
Assessed land
$82,159
Assessed improvement
$95,875
Land market value
$82,159
Improvement market value
$95,875
Total market value
$178,034
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1959
Heating
NONE
Stories
1
Units
1
Total area
2,952 SF
Lot
1.22 ac (53,013 SF)
APN
283207000000043030
UPID
US18-3115199
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
1959
Heating
NONE
Stories
1
Units
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
The Roost Frostproof INC
Entity
Free & Clear · 0 yrs held
Mailing address
513 S SCENIC HWY, LAKE WALES, FL 33853-4833
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2025
—
The Roost Frostproof INC
Michael Thompson
Quitclaim Deed
related
—
Feb 7, 2025
$550,000
Brender Brutfellon
Akh 30 LLC
Warranty Deed
—
Feb 9, 2022
—
Akh 30 LLC
—
Deed
related
$600,000 · Satishkumar Patel
Sep 16, 2021
$750,000
Akh 30 LLC
Jayesh Patel
Warranty Deed
$510,000 · Michael Storey
Aug 17, 2021
—
Jayesh Patel
Mary Jane N Delestang
Quit Claim Deed
related
—
Aug 5, 2004
$770,000
Jayesh Patel
Ryan,kenneth C & Angela K
Warranty Deed
$616,000 · Business Loan Center INC
Jul 30, 2004
—
Jayesh Patel
Ryan,kenneth C
Grant Deed
related
—
Feb 26, 2001
$750,000
Kenneth C Ryan
Mpj Properties INC
Grant Deed
—
Sep 22, 1999
$675,000
Mpj Properties INC
Parker,steven
Grant Deed
$835,000 · Individual
—
—
Steven Parker
—
Deed Of Trust
related
$114,806 · Individual
—
—
Jayesh Patel
—
Deed Of Trust
related
$105,100 · Us Small Business Admn
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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