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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Commercial real estate
625 Lk Shr Way Lake Alfred, FL 33850-3331
Trust Owned
5-yr Hold
Free & Clear
Property ID
US18-9051657
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1958
Total area
9,260 SF
Lot
0.42 ac (18,256 SF)
Zoning code
C-2
APN
262732502000000082
UPID
US18-9051657
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
-
Cart Zone, Inc. Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.01M
Owner & transaction history
Krogulski,l E & M Y Trust · 5 yrs held
Krogulski,l E & M Y Trust
since 2021
5 recorded transactions
Zoning & alternative use
C-2 · Lake Alfred, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Lake Alfred submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Alfred 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
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±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
$109 / 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
$3,905
Tax year 2023
Assessed value
$200,065
Assessed 2023
Previous assessed
$194,746
+2.7% YoY
Effective rate
1.95%
On assessed value
Assessed land
$33,774
Assessed improvement
$166,291
Land market value
$33,774
Improvement market value
$166,291
Total market value
$200,065
Applied tax rate
92,440.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1958
Heating
NONE
Stories
1
Units
1
Total area
9,260 SF
Lot
0.42 ac (18,256 SF)
Zoning code
C-2
APN
262732502000000082
UPID
US18-9051657
Jurisdiction
POLK
Zoning & alternative use
C-2 · Lake Alfred, FL
Zoning C-2 · permitted uses
C-2 · Lake Alfred, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Alfred. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1958
Heating
NONE
Stories
1
Units
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Krogulski,l E & M Y Trust
Trust
Free & Clear · 5 yrs held
Mailing address
1521 N LK HOWARD DR, WINTER HAVEN, FL 33881-3129
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2021
—
Krogulski,l E & M Y Trust
Lane Krogulski
Quit Claim Deed
related
—
Mar 22, 2011
—
Fargo Bk NA Wells
Aluminate Aluminum Coc
Trustees Deed
related
—
Aug 27, 2004
$157,600
Aluminum Products In Aluminate
Hammond,dale A & Sherry R
Quit Claim Deed
related
$162,200 · Wachovia Bank NA
—
—
Aluminum Products In Aluminate
—
Deed Of Trust
related
$154,390 · First Union National Bank
—
—
Dale A Hammond
—
Deed Of Trust
related
$161,646 · Wachovia Bank 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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