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Property profile & analytics
OFF-MARKET
Estimated value
$8,660,000
Office buildings
600 Broadway Ave Bartow, FL 33830-3819
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-2002923
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Total area
50,478 SF
Lot
7.14 ac (310,801 SF)
APN
253005000000034020
UPID
US18-2002923
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
-
Colonial Bank Bank Loan Service
-
Atkins Engineering Consultant Architecture
-
BB&T Financial Advisor
-
CareerSource Polk | Administrative Office Employment Agency
-
Florida Citrus Mutual Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.18M
Comparable Approach
Comparable
$9.71M
Blend (final)
Blend
$8.66M
Owner & transaction history
Polk Building LLC · 8 yrs held
Polk Building LLC
since 2017
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.3M
+18.0%
Auto repair, garage
$12.3M
+1.4%
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 Bartow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bartow 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
by Request
CAP Approach
CAP Return
Estimation
6%
$11,025,000
6.5%
$10,175,000
7%
$9,450,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,115,000
Current use
COMMERCIAL (GENERAL)
$14,300,000
Change: +18% · Conversion: Easy
AUTO REPAIR, GARAGE
$12,285,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$8.66M
Range $7.79M – $9.53M · ±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
$172 / 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
$93,131
Tax year 2023
Assessed value
$4,214,429
Assessed 2023
Previous assessed
$3,773,380
+11.7% YoY
Effective rate
2.21%
On assessed value
Assessed land
$699,282
Assessed improvement
$3,515,147
Land market value
$699,282
Improvement market value
$3,515,147
Total market value
$4,214,429
Applied tax rate
90,310.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1976
Heating
NONE
Buildings
3
Stories
3
Units
1
Total area
50,478 SF
Lot
7.14 ac (310,801 SF)
APN
253005000000034020
UPID
US18-2002923
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$12.1M
COMMERCIAL (GENERAL)
Est. value
$14.3M
AUTO REPAIR, GARAGE
Est. value
$12.3M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1976
Heating
NONE
Stories
3
Buildings
3
Units
1
Lot
7.14 ac
Current owner
From public records · entity-resolved
Polk Building LLC
Entity
Mailing address
PO BOX 1282, WINTER HAVEN, FL 33882-1282
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
Dec 7, 2018
—
Polk Building LLC
—
Deed
related
$3,834,000 · Centerstate Bk NA
Oct 26, 2017
$2,100,000
Polk Building LLC
Branch Bkng
Grant Deed
$1,375,000 · Branch Bk&tr
May 5, 2010
$3,450,000
Branch Bkng & Trust Co
Colonial Bk
Grant Deed
related
—
Aug 20, 2004
—
City Of Bartow
Citrus & Chemical Bank
Quit Claim Deed
related
—
—
—
Polk Building LLC
—
Deed Of Trust
related
$3,834,000 · Centerstate Bk NA
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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