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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Grocery and convenience stores
5870 Us Hwy 98th N Lakeland, FL 33809-3110
Individually Owned
5-yr Hold
Free & Clear
Property ID
US18-3830603
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2000
Total area
2,940 SF
Lot
1.1 ac (47,872 SF)
Zoning code
C-3
APN
232723000000021100
UPID
US18-3830603
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
-
Mobil Gas Station
-
7-Eleven Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.11M
Owner & transaction history
Grant Street-lawyer Flp Ltd · 5 yrs held
Grant Street-lawyer Flp Ltd
since 2020
Last sale
$1.0M
2 recorded transactions
Zoning & alternative use
C-3 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$760,000
+41.0%
Auto repair, garage
$725,000
+35.0%
Medical building
$720,000
+34.0%
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
$1,170,000
ML approach
$1,215,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$760,000
Change: +41% · Conversion: Easy
AUTO REPAIR, GARAGE
$725,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$720,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$685,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±10% · vs last sale $1.00M (Sep 24 2020)
Last sale anchor
$1.00M
Sep 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
$378 / 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
$19,291
Tax year 2023
Assessed value
$1,058,234
Assessed 2023
Previous assessed
$1,046,488
+1.1% YoY
Effective rate
1.82%
On assessed value
Assessed land
$669,354
Assessed improvement
$388,880
Land market value
$669,354
Improvement market value
$388,880
Total market value
$1,058,234
Applied tax rate
91,510.0000
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
2000
Heating
NONE
Stories
1
Units
1
Total area
2,940 SF
Lot
1.1 ac (47,872 SF)
Zoning code
C-3
APN
232723000000021100
UPID
US18-3830603
Jurisdiction
POLK
Zoning & alternative use
C-3 · Lakeland, FL
Zoning C-3 · permitted uses
C-3 · 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
COMMERCIAL (GENERAL)
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$725,000
MEDICAL BUILDING
Est. value
$720,000
OFFICE BUILDING
Est. value
$685,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
2000
Heating
NONE
Stories
1
Units
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Grant Street-lawyer Flp Ltd
Individual
Free & Clear · 5 yrs held
Mailing address
1400 W 5TH AVE, COLUMBUS, OH 43212-2901
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2020
—
Grant Street-lawyer Flp Ltd
Grant Street-lawyer Family LP
Quit Claim Deed
related
—
Oct 12, 2000
$1,000,000
Grant Street-lawyer Family LP
Lakeland Equities LLC
Grant Deed
$300,000 · Public Bank
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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