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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Warehouses
5658 State Rd 544 Winter Haven, FL 33881-9519
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-7497761
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2021
Total area
9,000 SF
Lot
15.66 ac (682,106 SF)
Zoning code
IM
APN
262802521500002531
UPID
US18-7497761
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
$1.17M
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.50M
Owner & transaction history
Third Gen Properties LLC · 8 yrs held
Third Gen Properties LLC
since 2017
5 recorded transactions
Zoning & alternative use
IM · Winter Haven, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.4M
+81.8%
Auto repair, garage
$1.9M
+44.4%
Neighborhood: shopping center
$1.7M
+24.3%
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
$1,170,000
CAP Approach
CAP Return
Estimation
6%
$1,455,000
6.5%
$1,345,000
7%
$1,250,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,325,000
Current use
OFFICE BUILDING
$2,410,000
Change: +82% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,915,000
Change: +44% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,650,000
Change: +24% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,640,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±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
$167 / 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
$63,664
Tax year 2023
Assessed value
$3,306,067
Assessed 2023
Previous assessed
$3,596,676
-8.1% YoY
Effective rate
1.93%
On assessed value
Assessed land
$477
Assessed improvement
$3,305,590
Land market value
$477
Improvement market value
$3,305,590
Total market value
$3,306,067
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
9,000 SF
Lot
15.66 ac (682,106 SF)
Zoning code
IM
APN
262802521500002531
UPID
US18-7497761
Jurisdiction
POLK
Zoning & alternative use
IM · Winter Haven, FL
Zoning IM · permitted uses
IM · 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
WAREHOUSE, STORAGE Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (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
2021
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
15.66 ac
Current owner
From public records · entity-resolved
Third Gen Properties LLC
Entity
Mailing address
5658 STATE RD 544, WINTER HAVEN, FL 33881-9519
Ownership since
2017
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
Oct 24, 2024
—
Third Gen Properties LLC
—
Deed
related
$2,500,000 · Citizens Bank & Trust
Aug 21, 2017
$800,000
Third Gen Properties LLC
Cbbc Real Estate Holdings INC
Trustees Deed
$1,280,000 · Citizens Bk
Jul 5, 2017
$800,000
Cbbc Real Estate Holdings INC
Colorado Boxed Beef Co
Grant Deed
related
—
Nov 23, 2005
—
Colorado Boxed Beef Co
—
Trustees Deed
related
$580,000 · Centerstate Bank Of Florida
Aug 4, 2005
$580,000
Colorado Boxed Beef Co
Tampa Electric
Grant Deed
—
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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