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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Auto shops
550 Ave K SW K Winter Haven, FL 33880-3828
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-6034797
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1979
Total area
3,880 SF
Lot
0.14 ac (6,316 SF)
Zoning code
ILS
APN
262829634070030231
UPID
US18-6034797
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
-
Bobby's Automotive Auto Repair Shop
-
Bobby's Auto of Central Florida Inc. Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$513k
Blend (final)
Blend
$505k
Owner & transaction history
Bobby Brian Henry SR. · 3 yrs held
Bobby Brian Henry SR.
since 2022
5 recorded transactions
Zoning & alternative use
ILS · Winter Haven, FL
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 Winter Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winter Haven 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
by Request
ML approach
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$825,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$710,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10%
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
$130 / 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
$2,911
Tax year 2023
Assessed value
$151,163
Assessed 2023
Previous assessed
$151,163
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$14,211
Assessed improvement
$136,952
Land market value
$14,211
Improvement market value
$136,952
Total market value
$151,163
Applied tax rate
92,410.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1979
Heating
NONE
Stories
1
Units
1
Total area
3,880 SF
Lot
0.14 ac (6,316 SF)
Zoning code
ILS
APN
262829634070030231
UPID
US18-6034797
Jurisdiction
POLK
Zoning & alternative use
ILS · Winter Haven, FL
Zoning ILS · permitted uses
ILS · Winter Haven, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Winter Haven. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$825,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$710,000
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
1979
Heating
NONE
Stories
1
Units
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Bobby Brian Henry SR.
Individual
Mailing address
308 SEARS AVE NE, WINTER HAVEN, FL 33881-2538
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2024
—
Bobby Brian Henry SR.
—
Deed
related
$250,000 · Barney Cook
Aug 25, 2022
—
Bobby Brian Henry SR.
Saterbo Development LLC
Correction Deed
related
$3,400 · Paul W Phelps Etux
May 20, 2022
$230,000
Bobby Brian Henry SR.
Saterbo Development LLC
Warranty Deed
$230,000 · Paul W Phelps Etux
Dec 23, 2008
—
Saterbo Dev LLC
Arrington,joseph T Coc
Trustees Deed
related
—
Dec 21, 2005
$174,300
Joseph T Arrington
Arrington,michael J & Mary K
Warranty Deed
related
$190,000 · Saterbo Dev LLC
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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