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Property profile & analytics
OFF-MARKET
Estimated value
$5,995,000
Grocery and convenience stores
5410 Florida Ave Lakeland, FL 33813-2522
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-4395787
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2020
Total area
14,435 SF
Lot
0.98 ac (42,846 SF)
Zoning code
C-4
APN
232913140800001031
UPID
US18-4395787
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
-
Wawa Gas Station
-
Amazon Locker - Roque Courier Service Postal Service
-
Gulf Freight Systems Llc Freight Service Logistics Company
-
Americhealth of Lakeland Medical Clinic
-
Wawa ~ Store 5342 Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.00M
Blend (final)
Blend
$6.00M
Owner & transaction history
Mml Florida I LLC · 6 yrs held
Mml Florida I LLC
since 2020
Last sale
$5.8M
6 recorded transactions
Zoning & alternative use
C-4 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.3M
+212.7%
Industrial (general)
$7.9M
+200.4%
Commercial (general)
$3.7M
+41.0%
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
$6,735,000
ML approach
$6,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$8,270,000
Change: +213% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,945,000
Change: +200% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,730,000
Change: +41% · Conversion: Easy
Blend value · Realmo final
$6.00M
Range $5.40M – $6.59M · ±10% · vs last sale $5.75M (Jul 24 2020)
Last sale anchor
$5.75M
Jul 24 2020
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
$415 / 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
$29,176
Tax year 2023
Assessed value
$1,807,338
Assessed 2023
Previous assessed
$1,651,233
+9.5% YoY
Effective rate
1.61%
On assessed value
Assessed land
$332,041
Assessed improvement
$1,475,297
Land market value
$332,041
Improvement market value
$1,475,297
Total market value
$1,807,338
Applied tax rate
91,000.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2020
Heating
NONE
Stories
1
Units
1
Total area
14,435 SF
Lot
0.98 ac (42,846 SF)
Zoning code
C-4
APN
232913140800001031
UPID
US18-4395787
Jurisdiction
POLK
Zoning & alternative use
C-4 · Lakeland, FL
Zoning C-4 · permitted uses
C-4 · Lakeland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakeland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$8.3M
INDUSTRIAL (GENERAL)
Est. value
$7.9M
COMMERCIAL (GENERAL)
Est. value
$3.7M
RESTAURANT
INDUSTRIAL (GENERAL)
COMMERCIAL (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
2020
Heating
NONE
Stories
1
Units
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Mml Florida I LLC
Entity
Free & Clear · 6 yrs held
Mailing address
502 BERGEN ST, BROOKLYN, NY 11217-2407
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2020
—
Mml Florida I LLC
—
Deed
related
$2,600,000 · Valley Nat'l Bk
Jul 24, 2020
$5,750,000
Mml Florida I LLC
Rmc Fla & Fitz LLC
Grant Deed
—
Aug 16, 2018
$1,300,000
Rmc Fla & Fitz LLC
Frank D Puissegur
Grant Deed
$3,450,000 · Valley Nat'l Bk
Feb 8, 2007
—
Puissegur,frank D
Prime Properties Ptshp
Warranty Deed
$161,772 · Bank Of America
—
—
Mml Florida I LLC
—
Loan Modification
related
$2,600,000 · Valley Nat'l Bk
—
—
Frank D Puissegur
—
Deed Of Trust
related
$195,000 · Platinum Bk
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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