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Property profile & analytics
OFF-MARKET
Estimated value
$6,790,000
Distribution centers
5916 Waverly Rd, Lake Wales, FL 33859
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-4996143
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1978
Total area
74,644 SF
Lot
14.02 ac (610,755 SF)
APN
272909857500000100
UPID
US18-4996143
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
-
Sunland Distribution Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.18M
CAP Approach
CAP
$7.65M
Comparable Approach
Comparable
$6.27M
Blend (final)
Blend
$6.79M
Owner & transaction history
Odam Re LLC · 4 yrs held
Odam Re LLC
since 2022
Last sale
$6.4M
5 recorded transactions
Zoning & alternative use
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 Lake Wales submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Wales 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
$7,275,000
ML approach
$9,180,000
CAP Approach
CAP Return
Estimation
6%
$8,285,000
6.5%
$7,650,000
7%
$7,105,000
Blend value · Realmo final
$6.79M
Range $6.11M – $7.47M · ±10% · vs last sale $6.38M (Jan 3 2022)
Last sale anchor
$6.38M
Jan 3 2022
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
$91 / 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
$40,030
Tax year 2023
Assessed value
$3,051,338
Assessed 2023
Previous assessed
$2,954,785
+3.3% YoY
Effective rate
1.31%
On assessed value
Assessed land
$345,689
Assessed improvement
$2,705,649
Land market value
$345,689
Improvement market value
$2,705,649
Total market value
$3,051,338
Applied tax rate
90,000.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1978
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
74,644 SF
Lot
14.02 ac (610,755 SF)
APN
272909857500000100
UPID
US18-4996143
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1978
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
14.02 ac
Current owner
From public records · entity-resolved
Odam Re LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 554, WAVERLY, FL 33877-0554
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
Jan 3, 2022
$6,377,600
Odam Re LLC
Sunland Distribution Of Florida INC
Special Warranty Deed
—
Jan 18, 2019
$100
Waverly Rental Properties LLC
Sunland Distribution Of Florid
Quit Claim Deed
related
—
May 30, 2018
—
Sunland Distribution Of Florid
—
Deed
related
$3,088,000 · Fifth Third Bk
Feb 28, 2017
$2,400,000
Sunland Distribution Of Florid
Highland-exchange Service Coop
Warranty Deed
—
—
—
Sunland Distribution Of Florid
—
Deed Of Trust
related
$3,088,000 · Fifth Third Bk
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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