Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,550,000
Assisted living facilities
6150 Lakeland Highlands Rd Lakeland, FL 33813-3850
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-4480581
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2000
Total area
35,268 SF
Lot
5.02 ac (218,541 SF)
APN
242916284000057003
UPID
US18-4480581
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
-
ST ANDREWS NORTH CLINIC Medical Clinic
-
Hawthorne inn Nursing Home Retirement Community
-
Hawthorne Inn of Lakeland (Assisted Living and Memory Care) Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.66M
Blend (final)
Blend
$6.55M
Owner & transaction history
Jimmie Jean Pattey · 3 yrs held
Jimmie Jean Pattey
since 2022
Last sale
$6.3M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.7M
+31.8%
Industrial (general)
$4.6M
+5.5%
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
$7,240,000
ML approach
$7,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$4,355,000
Current use
OFFICE BUILDING
$5,740,000
Change: +32% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,600,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$4,115,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$6.55M
Range $5.90M – $7.21M · ±10% · vs last sale $6.30M (Nov 17 2022)
Last sale anchor
$6.30M
Nov 17 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
$186 / 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
$68,403
Tax year 2023
Assessed value
$4,678,231
Assessed 2023
Previous assessed
$4,504,302
+3.9% YoY
Effective rate
1.46%
On assessed value
Assessed land
$655,566
Assessed improvement
$4,022,665
Land market value
$655,566
Improvement market value
$4,022,665
Total market value
$4,678,231
Applied tax rate
90,000.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2000
Heating
NONE
Stories
1
Units
1
Total area
35,268 SF
Lot
5.02 ac (218,541 SF)
APN
242916284000057003
UPID
US18-4480581
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$4.4M
OFFICE BUILDING
Est. value
$5.7M
INDUSTRIAL (GENERAL)
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$4.1M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
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
2000
Heating
NONE
Stories
1
Units
1
Lot
5.02 ac
Current owner
From public records · entity-resolved
Jimmie Jean Pattey
Individual
Mailing address
6150 LAKELAND HIGHLANDS RD, LAKELAND, FL 33813-3850
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2025
—
Hawthorne Lakelano Al Realty LLC
—
Deed
related
$39,268,804 · Computershare Trust Company NA
Nov 17, 2022
—
Jimmie Jean Pattey
James Edward Pattey
Intrafamily Transfer
related
—
Aug 12, 2021
$6,300,000
Hawthorne Lakeland Al Realty LLC
Lakeland Highlands Road Facility Ll
Special Warranty Deed
$7,000,000 · Vnb New York LLC
Jul 31, 2012
$7,900,000
Lakeland Highlands Road Facili
Hawthorne Inn Of Lakeland LLC
Warranty Deed
related
$5,337,400 · Cambridge Realty Capital Ltd
—
—
Hawthorne Inn Of Lakeland LLC
—
Deed Of Trust
related
—
—
—
Hawthorne Inn Of Lakeland LLC
—
Deed Of Trust
related
$3,255,000 · First National 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6150 Lakeland Highlands Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
