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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Medical Office Space
607 Missouri Ave Lakeland, FL 33815-4735
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US18-0206940
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Total area
7,190 SF
Lot
0.48 ac (20,926 SF)
Zoning code
O-1
APN
232824119000007010
UPID
US18-0206940
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
-
Midtown Dental Dental Office
-
Dentist Dental Office
-
Dr. William Nerestant, DDS Dental Office
-
Daphne Toussaint Dental Office
-
Nicole Klein Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$606k
Blend (final)
Blend
$940k
Owner & transaction history
Wilma Investments LLC · 19 yrs held
Wilma Investments LLC
since 2006
6 recorded transactions
Zoning & alternative use
O-1 · Lakeland, FL
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±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
$131 / 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
$14,643
Tax year 2023
Assessed value
$803,224
Assessed 2023
Previous assessed
$770,345
+4.3% YoY
Effective rate
1.82%
On assessed value
Assessed land
$129,735
Assessed improvement
$673,489
Land market value
$129,735
Improvement market value
$673,489
Total market value
$803,224
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1983
Heating
NONE
Stories
1
Units
1
Total area
7,190 SF
Lot
0.48 ac (20,926 SF)
Zoning code
O-1
APN
232824119000007010
UPID
US18-0206940
Jurisdiction
POLK
Zoning & alternative use
O-1 · Lakeland, FL
Zoning O-1 · permitted uses
O-1 · 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.
Building & site characteristics
From public records
Year built
1983
Heating
NONE
Stories
1
Units
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Wilma Investments LLC
Entity
Mailing address
607 S MISSOURI AVE, LAKELAND, FL 33815-4735
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2020
—
Wilma Investments LLC
—
Deed
related
$515,535 · Midflorida Cu
Aug 17, 2006
$930,000
Wilma Investments LLC
Missouri Investments LLC
Warranty Deed
$837,000 · Suntrust Bank NA
Aug 18, 2003
$660,000
Missouri Investment LLC
Chastain,donald D
Grant Deed
$528,000 · Platinum Bank
—
—
Wilma Investments LLC
—
Deed Of Trust
related
$515,535 · Midflorida Cu
—
—
Wilma Investments LLC
—
Deed Of Trust
related
$250,000 · Midflorida Cu
—
—
Wilma Investments LLC
—
Deed Of Trust
related
$795,000 · Community Southern 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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