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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    555 Patterson Rd Haines City, FL 33844-6533

    • Office buildings
    • 2,644 SF
    • 9.79 lot acres
    OFF-MARKET
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    6.8%
    Office buildings
    Location Intelligence
    Property ID
    US18-6264209
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 555 Patterson Rd

    Year built
    1974
    Lot size
    9.79 lot acres
    Property size
    2,644 SF
    Property type
    Office buildings
    APN
    272717741000010030
    APU
    272717741000010030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $515,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $575,000
      6.5%
      $535,000
      7%
      $495,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $811,000
      Market price range: $275k - $812k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $860,000
      Current use
      MEDICAL BUILDING
      $820,000
      Change: -5% Conversion: Easy
      COMMERCIAL (GENERAL)
      $750,000
      Change: -13% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Haines City
    County
    Polk
    State
    Florida
    Longitude
    -81.6285
    Latitude
    28.1422
    CBSA code
    29460
    CBSA name
    LAKELAND, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,026
    $319,712
    $757,225
    $1,076,937
    -
    $319,712
    $757,225
    $1,076,937

    Comparable in this City

    • Value Estimation by Request
      924 SF

      2351 Hinson Ave

      OFFICE BUILDING • 924 SF
      2351 Hinson Ave, Haines City, FL 33844-4940
      View Details
    • Value Estimation
      $570,000
      1,200 SF

      808 Main St

      OFFICE BUILDING • 1,200 SF
      808 Main St, Haines City, FL 33844-4164
      View Details
    • Value Estimation by Request
      916 SF

      122 11th St

      OFFICE BUILDING • 916 SF
      122 11th St, Haines City, FL 33844-4326
      View Details
    • Value Estimation by Request
      1,530 SF

      950 Lily Ave

      OFFICE BUILDING • 1,530 SF
      950 Lily Ave, Haines City, FL 33844-4350
      View Details
    • Value Estimation
      $1,775,000
      13,841 SF

      501 Main St

      OFFICE BUILDING • 13,841 SF
      501 Main St, Haines City, FL 33844-4244
      View Details
    • Value Estimation
      $3,165,000
      6,302 SF

      8 Railroad Ave

      OFFICE BUILDING • 6,302 SF
      8 Railroad Ave, Haines City, FL 33844-4245
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Medical Office Suite For Sale

      Spacious 3,863 sq. ft. medical office suite for sale.
      295 Patterson Rd, Davenport, FL 33844
      View Details
    • $350,000
      1,359 SF

      Downtown Haines City Commercial Property

      High-visibility commercial property in the heart of downtown Haines City.
      1020 E Main St, Haines City, FL 33844
      View Details
    • $350,000

      Downtown Haines City Commercial Opportunity

      High-visibility commercial property in the heart of Downtown Haines City.
      1020 E Main St, Haines City, FL 33844
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    • Contact for pricing

      Spacious Medical Office Suite

      3,863 SF medical office suite ideal for healthcare practice.
      295 Patterson Rd, Haines City, FL 33844
      View Details
    • $3,500,000

      Haines City Development Land

      191 Acres, Residential Potential
      8100 Watkins Rd, Haines City, FL 33844
      View Details
    • $1,859,000

      Almost 60 Acres Land

      60 acres lot in Haines City, between Tampa and Orlando.
      000 Kuder Ranch Rd, Haines City, FL 33844
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    Similar Nearby for Lease

    • Contact for pricing
      20,606 SF

      Haines City Medical Office Building

      Prime Medical Office Space Available in Florida
      306 10Th St, Haines City, FL 33844
      View Details
    • $77,260

      Medical Office Suite For Rent

      Spacious medical office suite in a prime, accessible location.
      295 Patterson Rd, Haines City, FL 33844
      View Details
    • $16 SF/Yr
      4,022 SF

      Medical Office Space Available

      Medical office space for lease in Haines City, Florida.
      306 S 10Th St, Haines City, FL 33844
      View Details
    • Contact for pricing
      7,000 SF

      Shops at the Grove: Haines City

      New Publix-anchored retail center. Seven spaces available.
      580 Johnson Ave & Power Line Rd, Haines City, FL 33844
      View Details
    • Contact for pricing
      4 SF

      Prime Restaurant Development Opportunity

      4 acre site on Highway 17-92, Haines City.
      Haines City, FL 33844
      View Details
    • Contact for pricing
      2,860,000 SF

      Key Highway Industrial Land, FL

      Prime Daytona Beach industrial land, I-95 access.
      0 Williamson Blvd, Haines City, FL 33844
      View Details
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    555 Patterson Rd
    Haines City, FL 33844-6533
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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