Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    608 Dundee Rd Dundee, FL 33838-4182
    Back to Search
    Property profile & analytics

    608 Dundee Rd, Dundee, FL 33838-4182

    View on Map
    • Investment properties
    • 864 SF
    • 0.34 lot acres
    Off-Market
    Property ID
    US18-4017734
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Iglesia De La Comunidad Rio De Vida,Inc / Church / Mosque

    Property Details for 608 Dundee Rd

    Year built
    1925
    Construction
    FRAME
    Lot size
    0.34 lot acres
    Zone code
    C-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    272829848000001280
    APU
    272829848000001280

    Description

    This exceptional mixed-use property in Dundee, Florida, presents a lucrative investment opportunity. Situated on a 0.34-acre lot at 608 Dundee Road, this property boasts a total of 3,948 square feet and comprises two separate structures. The first is a two-story, 2,131-square-foot building featuring two ground-floor retail/office spaces currently leased to a religious facility at below-market rent, and two renovated studio apartments on the second floor, each commanding $1,250 in monthly rent. These studios boast new kitchen counters and laminate flooring, and the entire building has recently undergone significant improvements, including a brand-new metal roof and individual mini-split A/C units in each unit. The second structure is a 1,384-square-foot duplex, containing a 3-bedroom/1-bathroom unit and a 2-bedroom/1-bathroom unit. One unit is occupied by a long-term tenant, and the other has been completely renovated. Both buildings have been renovated within the past few years. The property's prime location near the Dundee Ridge shopping center and approximately 10 minutes from downtown Winter Haven offers excellent accessibility and strong rental demand. This property presents a unique blend of income generation and significant upside potential, making it an ideal investment for discerning buyers. The asking price is $635,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dundee
    County
    Polk
    State
    Florida
    Longitude
    -81.6289
    Latitude
    28.019
    CBSA code
    29460
    CBSA name
    LAKELAND, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,623
    $33,791
    $180,223
    $214,014
    -
    $33,791
    $180,223
    $214,014

    Comparable in this City

    • Value Estimation by Request
      0.34 Acres

      203 Ctr St

      VACANT COMMERCIAL LAND
      203 Ctr St, Dundee, FL 33838-4362
      View Details
    • Value Estimation by Request
      0.44 Acres

      Dundee Rd

      VACANT COMMERCIAL LAND
      Dundee Rd, Dundee, FL 33838
      View Details
    • Value Estimation by Request
      0.35 Acres

      Dundee Rd

      VACANT COMMERCIAL LAND
      Dundee Rd, Dundee, FL 33838
      View Details
    • Value Estimation by Request
      0.48 Acres

      Dundee Rd

      COMMERCIAL (GENERAL)
      Dundee Rd, Dundee, FL 33838
      View Details
    • Value Estimation by Request
      0.72 Acres

      Kitto Ln

      VACANT COMMERCIAL LAND
      Kitto Ln, Dundee, FL 33838
      View Details
    • Value Estimation by Request
      0.32 Acres

      Merrill Ave

      PARKING LOT
      Merrill Ave, Dundee, FL 33838
      View Details

    Similar Nearby for Sale

    • $269,900
      1,994 SF

      Versatile Mixed-Use Building in Dundee

      Commercial building ideal for retail or professional uses.
      312 E Main St, Dundee, FL 33838
      View Details
    • $284,900

      Mixed-Use Duplex on Dundee Road

      Income-producing duplex with mixed-use potential on a high-traffic corridor.
      610 Dundee Rd, Dundee, FL 33838
      View Details
    • $724,900

      Six-Unit Residential Income Property

      Income-producing property with strong cash flow in a growing town.
      608 Dundee Rd, Dundee, FL 33838
      View Details
    • Contact for pricing

      Prime Commercial Land Lease Opportunity

      Long-term ground lease at a major lighted intersection.
      28274 Us Highway 27, Dundee, FL 33838
      View Details
    • $175,000
      1.66 Acres

      Vacant Land in Dundee, Florida

      1.66 acres of vacant land in Central Florida.
      Daniel St, Dundee, FL 33838
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Single Tenant Warehouse Space

      22,107 SqFt single tenant industrial warehouse for rent.
      28047 Us Highway 27, Dundee, FL 33838
      View Details
    • Contact for pricing

      Dundee Warehouse Space for Lease

      14,250 SF warehouse with office space available for lease.
      8400 Lake Trask Rd, Dundee, FL 33838
      View Details
    • Contact for pricing

      Commercial Land at Lighted Intersection

      Long-term ground lease opportunity at a major intersection.
      Us Highway 27, Haines City, FL 33838
      View Details
    • Contact for pricing
      22,107 SF

      Retail Space Available For Lease

      Retail space available for lease, delivery Q4 2026.
      28023 Us Highway 27, Dundee, FL 33838
      View Details
    • Contact for pricing

      Dundee Warehouse Space For Lease

      14,250 SF warehouse space with convenient highway access.
      8400 Lake Trask Rd, Dundee, FL 33838
      View Details
    • $12 SF/Yr

      Restaurant-Ready Space on High-Traffic Road

      Equipped commercial space ideal for food and beverage businesses.
      608 Dundee Rd, Dundee, FL 33838
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    608 Dundee Rd
    Dundee, FL 33838-4182
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    608 Dundee Rd, Dundee, FL, 33838
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!