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Property profile & analytics
OFF-MARKET
Estimated value
$4,405,000
Banks
6150 Florida Ave Lakeland, FL 33813-3306
Individually Owned
3-yr Hold
Free & Clear
Property ID
US18-2351116
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2014
Total area
8,690 SF
Lot
2.18 ac (95,091 SF)
Zoning code
C-3
APN
232913000000042010
UPID
US18-2351116
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
-
Quigg Engineering, Inc Civil Engineering Company Engineer
-
BB&T Insurance Services Insurance Agency
-
BB&T Mortgage Loan Service Bank
-
Donna Kachadurian - Truist Mortgage Loan Officer Loan Service Bank
-
BB&T ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.36M
Blend (final)
Blend
$4.41M
Owner & transaction history
Lakeland Regional Health Systems In · 3 yrs held
Lakeland Regional Health Systems In
since 2022
Last sale
$4.1M
3 recorded transactions
Zoning & alternative use
C-3 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Commercial
General category
COMMERCIAL
Zone area
19.43 ac
Source
Realmo
Top alternative use upside
Restaurant
$5.0M
+51.6%
Industrial (general)
$4.8M
+45.6%
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
$4,695,000
ML approach
$4,790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$3,285,000
Current use
RESTAURANT
$4,980,000
Change: +52% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,785,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$4.41M
Range $3.96M – $4.85M · ±10% · vs last sale $4.09M (Nov 14 2022)
Last sale anchor
$4.09M
Nov 14 2022
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
$507 / 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
$50,700
Tax year 2023
Assessed value
$3,270,491
Assessed 2023
Previous assessed
$2,269,361
+44.1% YoY
Effective rate
1.55%
On assessed value
Assessed land
$1,093,121
Assessed improvement
$2,177,370
Land market value
$1,093,121
Improvement market value
$2,177,370
Total market value
$3,270,491
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2014
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
8,690 SF
Lot
2.18 ac (95,091 SF)
Zoning code
C-3
APN
232913000000042010
UPID
US18-2351116
Jurisdiction
POLK
Zoning & alternative use
C-3 · Lakeland, FLZoning C-3 · permitted uses
C-3 · 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
19.43 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$3.3M
RESTAURANT
Est. value
$5.0M
INDUSTRIAL (GENERAL)
Est. value
$4.8M
FINANCIAL BUILDING Current
RESTAURANT
INDUSTRIAL (GENERAL)
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
2014
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
2.18 ac
Current owner
From public records · entity-resolved
Lakeland Regional Health Systems In
Individual
Free & Clear · 3 yrs held
Mailing address
1324 LAKELAND HLS BLVD, LAKELAND, FL 33805-4543
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2022
$4,086,500
Lakeland Regional Health Systems In
Lemonade Mm Lakeland LLC
Special Warranty Deed
—
Aug 4, 2022
$1,230,000
Lemonade Mm Lakeland LLC
Truest Bank
Special Warranty Deed
—
May 5, 2010
$2,780,000
Branch Bkng & Trust Co
Colonial Bk
Grant Deed
related
—
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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