Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    585 Summerlin St Bartow, FL 33830-4734
    Back to Search
    Property profile & analytics

    585 Summerlin St, Bartow, FL 33830-4734

    View on Map
    • Office buildings
    • 1,584 SF
    • 0.20 lot acres
    Off-Market
    Last Sale Mar 1, 2022
    $50,000
    Property ID
    US18-4348488
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • African American Heritage Museum / History Museum
    • Luster African American Heritage Museum / Museum / Non-Profit Organization

    Property Details for 585 Summerlin St

    Year built
    1960
    Lot size
    0.20 lot acres
    Property type
    Office buildings
    APN
    253005375000019010
    APU
    253005375000019010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 1, 2026 $100 Luster Africa American Heritage Museum Colmon Avon Quitclaim Deed —
    Mar 1, 2022 — Supernatural Truth Deliverance Mini Luster All Pastoral Care And Cultur Quit Claim Deed · related —
    Nov 14, 2017 — Lusterall P Care Luster,charles Quit Claim Deed · related —
    May 22, 2017 $50,000 Charles Luster Spath,eugene & Agustina Warranty Deed —
    May 22, 2017 — Eugene Spath Luster,charles Grant Deed · related —
    Jul 1, 2015 $35,000 Eugene Spath Redeemer Lutheran Church INC Warranty Deed —
    — — Redeemer Lutheran Church INC — Deed Of Trust · related $391k · Lutheran Ch Ext Fund Mo Synod

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bartow
    County
    Polk
    State
    Florida
    Longitude
    -81.8393
    Latitude
    27.8954
    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
    $158
    $36,937
    $81,054
    $117,991
    -
    $36,937
    $81,054
    $117,991

    Comparable in this City

    • Value Estimation by Request
      672 SF

      2405 State Rd 60th E

      OFFICE BUILDING
      2405 State Rd 60th E, Bartow, FL 33830-8421
      View Details
    • Value Estimation by Request
      727 SF

      260 Van Fleet Dr

      OFFICE BUILDING
      260 Van Fleet Dr, Bartow, FL 33830-3821
      View Details
    • Value Estimation
      $43,170,000
      525,432 SF

      255 Broadway Ave

      OFFICE BUILDING
      255 Broadway Ave, Bartow, FL 33830-3912
      View Details
    • Value Estimation by Request
      720 SF

      6115 State Rd 60th E

      OFFICE BUILDING
      6115 State Rd 60th E, Bartow, FL 33830-8923
      View Details
    • Value Estimation by Request
      1,656 SF

      250 Old Bartow Eagle Lk Rd

      OFFICE BUILDING
      250 Old Bartow Eagle Lk Rd, Bartow, FL 33830-3369
      View Details
    • Value Estimation
      $680,000
      4,032 SF

      190 Davidson St

      OFFICE BUILDING
      190 Davidson St, Bartow, FL 33830-3932
      View Details

    Similar Nearby for Sale

    • $1,100,000

      Bartow Investment Opportunity: 8,600 SF

      8,600 SF building in a strategic Bartow location.
      475 S 1St Ave, Bartow, FL 33830
      View Details
    • $615,000
      4,996 SF

      Versatile Commercial Property in Bartow

      2.64 acre commercial property with two buildings in Bartow.
      5600 Packing House Rd, Bartow, FL 33830
      View Details
    • Contact for pricing
      13,530 SF

      Downtown Bartow Land and Building

      Historic building and vacant land in downtown Bartow.
      120-212 E Main St, Bartow, FL 33830
      View Details
    • $650,000

      Historic Bartow Office Building

      Historic office building in a desirable Bartow location.
      150 E Davidson St, Bartow, FL 33830
      View Details
    • $650,000
      2,997 SF

      Historic Office Building in Bartow

      Historic office building with original features and ample parking.
      150 E Davidson St, Bartow, FL 33830
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Centennial Business Complex Leasing Opportunity

      Premier industrial/warehouse/distribution space with customizable floor plans and modern amenities.
      1585 Centennial Blvd, Bartow, FL 33830
      View Details
    • Contact for pricing
      3,815 SF

      Downtown Bartow Retail/Office Space

      5,800± SF building in downtown Bartow available August 2025.
      465-475 E Main St, Bartow, FL 33830
      View Details
    • Contact for pricing
      20,000 SF

      Versatile Industrial Space with Office

      Polk County flex space with warehouse and office components.
      1160 E Van Fleet Dr, Bartow, FL 33830
      View Details
    • Contact for pricing

      Downtown Retail Space Available

      Prime retail space with updated features in a downtown location.
      535 E Main St, Bartow, FL 33830
      View Details
    • Contact for pricing
      588 SF

      Retail Space in Bartow Center

      Retail space available in a busy Bartow shopping center.
      255 E Van Fleet Dr, Bartow, FL 33830
      View Details
    • Contact for pricing

      Industrial/Warehouse/Distribution Space For Lease

      Premier leasing opportunity for industrial, warehouse, and distribution businesses.
      1585 Centennial Blvd, Bartow, FL 33830
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    585 Summerlin St
    Bartow, FL 33830-4734
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    585 Summerlin St, Bartow, FL, 33830
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!