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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Warehouses
611 Schoolhouse Rd Lakeland, FL 33813-2588
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-4700111
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1999
Total area
9,736 SF
Lot
2.06 ac (89,603 SF)
Zoning code
C-4
APN
232912000000042460
UPID
US18-4700111
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
-
863 PowerSports Auto Parts Store (Bike/Boat/Book/etc) Store
-
Cold Steel Arms Gun Shop
-
Bull Bay Tackle Company Big Box & Wholesale Store
-
Arnett Electric Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$860k
Owner & transaction history
R Bull Bay Tackle Company · 2 yrs held
R Bull Bay Tackle Company
since 2023
Last sale
$600
7 recorded transactions
Zoning & alternative use
C-4 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Commercial
General category
COMMERCIAL
Zone area
294.19 ac
Source
Realmo
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
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,010,000
Current use
Blend value · Realmo final
$860k
Range $774k – $946k · ±10% · vs last sale $600 (Oct 18 2023)
Last sale anchor
$600
Oct 18 2023
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
$88 / 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
$10,242
Tax year 2023
Assessed value
$746,748
Assessed 2023
Previous assessed
$745,546
+0.2% YoY
Effective rate
1.37%
On assessed value
Assessed land
$268,839
Assessed improvement
$477,909
Land market value
$268,839
Improvement market value
$477,909
Total market value
$746,748
Applied tax rate
91,000.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Heating
NONE
Stories
1
Units
1
Total area
9,736 SF
Lot
2.06 ac (89,603 SF)
Zoning code
C-4
APN
232912000000042460
UPID
US18-4700111
Jurisdiction
POLK
Zoning & alternative use
C-4 · Lakeland, FLZoning C-4 · permitted uses
C-4 · Lakeland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Commercial
General category
COMMERCIAL
Zone area
294.19 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.0M
WAREHOUSE, STORAGE Current
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
1999
Heating
NONE
Stories
1
Units
1
Lot
2.06 ac
Current owner
From public records · entity-resolved
R Bull Bay Tackle Company
Entity
Free & Clear · 2 yrs held
Mailing address
611 SCHOOLHOUSE RD, LAKELAND, FL 33813-2588
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Mar 5, 2026
—
Dkp Investment & Consulting LLC
—
Deed
related
$352,000 · Prime Meridian Bank
Oct 18, 2023
$600
R Bull Bay Tackle Company
Jamie Stone
Special Warranty Deed
—
Dec 30, 2021
—
Dkp Investment & Consulting LLC
—
Deed
related
$765,000 · Prime Meridian Bank
Aug 9, 2021
—
Dkp Investment & Consultin LLC
Dustin K Phillips
Quit Claim Deed
related
—
Apr 16, 2021
$900,000
Dkp Investment & Consulting LLC
Arnett Electric INC
Warranty Deed
$700,000 · Arnett Electric INC
Dec 14, 2018
—
Arnett Electric INC
—
Deed
related
$500,000 · Midflorida Cu
Feb 8, 2016
—
Arnett Electric INC
Arnett Electric & Lighting INC
Quit Claim Deed
related
—
—
—
Arnett Electric INC
—
Deed Of Trust
related
$500,000 · Midflorida Cu
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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