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Property profile & analytics
OFF-MARKET
Office buildings
615 1st St Lakeland, FL 33805-4664
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4774871
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Total area
2,049 SF
Lot
0.22 ac (9,448 SF)
Zoning code
C-2
APN
242807171000006010
UPID
US18-4774871
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
-
Labor Ready Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tijarah LLC · 2 yrs held
Tijarah LLC
since 2024
Last sale
$263,000
7 recorded transactions
Zoning & alternative use
C-2 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Commercial
General category
COMMERCIAL
Zone area
1,122.02 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,793
Tax year 2023
Assessed value
$153,230
Assessed 2023
Previous assessed
$154,713
-1.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$14,648
Assessed improvement
$138,582
Land market value
$14,648
Improvement market value
$138,582
Total market value
$153,230
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Heating
NONE
Stories
1
Units
1
Total area
2,049 SF
Lot
0.22 ac (9,448 SF)
Zoning code
C-2
APN
242807171000006010
UPID
US18-4774871
Jurisdiction
POLK
Zoning & alternative use
C-2 · Lakeland, FLZoning C-2 · permitted uses
C-2 · 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
1,122.02 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1982
Heating
NONE
Stories
1
Units
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Tijarah LLC
Entity
Mailing address
2416 N 165TH PL NE, BELLEVUE, WA 98008-2330
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2024
—
Tijarah LLC
Mohammad Shahidul Islam
Quit Claim Deed
related
—
Jul 11, 2023
$263,000
Mohammad Shahidul Islam
Lovelace Family Properties INC
Warranty Deed
—
Jan 4, 2018
—
Lovelace Family Properties INC
—
Deed
related
$153,500 · Centerstate Bk NA
Sep 3, 1998
$110,000
Lovelace Family Properties INC
Paisan,carlos & Nilda M
Grant Deed
$112,000 · National Bank Commerce Tr & Sa
—
—
Lovelace Family Properties INC
—
Deed Of Trust
related
$489,377 · Commerce National Bank
—
—
Lovelace Family Properties INC
—
Deed Of Trust
related
$179,737 · Commerce National Bank
—
—
Lovelace Family Properties INC
—
Deed Of Trust
related
$153,500 · 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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