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Property profile & analytics
OFF-MARKET
Estimated value
$2,670,000
Warehouses
623 Bridgers Ave Auburndale, FL 33823-3103
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-8833971
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1947
Total area
18,025 SF
Lot
4.59 ac (199,853 SF)
APN
252810000000023140
UPID
US18-8833971
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
-
UTS Tiny Home Construction Company General Contractor
-
Universal Timber Structures Production Facility General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.70M
Comparable Approach
Comparable
$3.30M
Blend (final)
Blend
$2.67M
Owner & transaction history
L & Z Exchange LLC · 17 yrs held
L & Z Exchange LLC
since 2009
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.4M
+95.6%
Office building
$4.0M
+76.6%
Retail stores
$3.7M
+63.2%
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 Auburndale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Auburndale 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%
$2,920,000
6.5%
$2,695,000
7%
$2,500,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,245,000
Current use
AUTO REPAIR, GARAGE
$4,390,000
Change: +96% · Conversion: Easy
OFFICE BUILDING
$3,960,000
Change: +77% · Conversion: Difficult
RETAIL STORES
$3,660,000
Change: +63% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,305,000
Change: +47% · Conversion: Moderate
Blend value · Realmo final
$2.67M
Range $2.40M – $2.94M · ±10%
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
$148 / 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
$15,965
Tax year 2023
Assessed value
$1,442,134
Assessed 2023
Previous assessed
$666,335
+116.4% YoY
Effective rate
1.11%
On assessed value
Assessed land
$179,870
Assessed improvement
$1,262,264
Land market value
$179,870
Improvement market value
$1,262,264
Total market value
$1,442,134
Applied tax rate
90,330.0000
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
1947
Heating
NONE
Buildings
3
Stories
1
Units
1
Total area
18,025 SF
Lot
4.59 ac (199,853 SF)
APN
252810000000023140
UPID
US18-8833971
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
WAREHOUSE, STORAGE Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$4.4M
OFFICE BUILDING
Est. value
$4.0M
RETAIL STORES
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1947
Heating
NONE
Stories
1
Buildings
3
Units
1
Lot
4.59 ac
Current owner
From public records · entity-resolved
L & Z Exchange LLC
Entity
Free & Clear · 17 yrs held
Mailing address
12905 WATER PT BLVD, WINDERMERE, FL 34786-5817
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2018
—
L & Z Exchange LLC
—
Deed
related
$813,822 · Regions Bk
Jun 2, 2009
—
L & Z Exchange LLC
All-temp Storage LLC
Quit Claim Deed
related
—
Aug 6, 2008
$1,200,000
L & Z Exchange LLC
All-temp Storage LLC
Warranty Deed
$1,020,000 · Regions Bank
—
—
L & Z Exchange LLC
—
Loan Modification
related
$813,822 · Regions Bk
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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