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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Retail properties & Spaces
601 Us Hwy 27th N Avon Park, FL 33825-2637
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-3964017
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1989
Construction
FRAME
Total area
8,075 SF
Lot
5.68 ac (247,421 SF)
Zoning code
C2
APN
A-16-33-28-010-0010-0010
UPID
US18-3964017
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.02M
Owner & transaction history
Jenkins Acquisition LLC · 10 yrs held
Jenkins Acquisition LLC
since 2016
7 recorded transactions
Zoning & alternative use
C2 · Avon Park, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+34.5%
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 Avon Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avon Park 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$1,200,000
Current use
OFFICE BUILDING
$1,615,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$1,085,000
Change: -10% · Conversion: Difficult
RESTAURANT
$1,080,000
Change: -10% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,000,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±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
$126 / 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
$28,454
Tax year 2023
Assessed value
$1,611,830
Assessed 2023
Previous assessed
$1,434,384
+12.4% YoY
Effective rate
1.77%
On assessed value
Assessed land
$852,000
Assessed improvement
$759,830
Land market value
$852,000
Improvement market value
$759,830
Total market value
$1,611,830
Applied tax rate
10.0000
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Rooms
12
Bathrooms
12
Total area
8,075 SF
Lot
5.68 ac (247,421 SF)
Zoning code
C2
APN
A-16-33-28-010-0010-0010
UPID
US18-3964017
Jurisdiction
HIGHLANDS
Zoning & alternative use
C2 · Avon Park, FL
Zoning C2 · permitted uses
C2 · Avon Park, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Avon Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.6M
RETAIL STORES
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
OFFICE BUILDING
RETAIL STORES
RESTAURANT
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
1989
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
12
Bathrooms
12
Lot
5.68 ac
Current owner
From public records · entity-resolved
Jenkins Acquisition LLC
Entity
Mailing address
941 E MAIN ST, LAKELAND, FL 33801-5128
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2016
$1,500,100
Jenkins Acquisition LLC
Nolette,joseph H
Grant Deed
$1,440,000 · Midflorida FCU
Apr 26, 2016
—
Nolette,joseph H Living Trust
Nolette,joseph H
Quit Claim Deed
related
—
Sep 20, 2006
$2,000,000
Joseph H Nolette
Avon Park LLC
Warranty Deed
$2,000,000 · Suntrust Bank NA
Nov 7, 2003
$1,875,000
Avon Park LLC
Walt Jennier Chevrolet-oldsmob
Grant Deed
—
Oct 19, 1999
$1,525,000
Walt Jennier Chevrolet Oldsmob
Sunshine Chevrolet Oldsmobile
Grant Deed
$1,500,000 · General Motors Acceptance Corp
—
—
Joseph H Nolette
—
Deed Of Trust
related
$1,901,583 · Suntrust Bank NA
—
—
Avon Park Chevrolet
—
Deed Of Trust
related
$320,000 · J P Morgan Chase Bank
—
—
Avon Park Chevrolet
—
Deed Of Trust
related
$1,280,000 · J P Morgan Chase 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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