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Property profile & analytics
OFF-MARKET
Estimated value
$10,985,000
Office buildings
640 Evenhouse Rd Lake Alfred, FL 33850-7208
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-7323324
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2017
Total area
47,968 SF
Lot
55.09 ac (2,399,720 SF)
APN
262729000000011010
UPID
US18-7323324
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
-
Discovery High School High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.67M
Comparable Approach
Comparable
$13.20M
Blend (final)
Blend
$10.99M
Owner & transaction history
Discovery Academy Of Lake Alfred · 11 yrs held
Discovery Academy Of Lake Alfred
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$14.8M
+25.5%
Commercial (general)
$13.6M
+14.9%
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%
$10,475,000
6.5%
$9,670,000
7%
$8,980,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,825,000
Current use
MEDICAL BUILDING
$14,840,000
Change: +25% · Conversion: Easy
COMMERCIAL (GENERAL)
$13,590,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$11,675,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$10.99M
Range $9.89M – $12.08M · ±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
$229 / 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
Assessed value
$9,018,076
Assessed 2023
Previous assessed
$8,472,060
+6.4% YoY
Assessed land
$30,632
Assessed improvement
$8,987,444
Land market value
$30,632
Improvement market value
$8,987,444
Total market value
$9,018,076
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2017
Heating
NONE
Buildings
14
Stories
2
Units
1
Total area
47,968 SF
Lot
55.09 ac (2,399,720 SF)
APN
262729000000011010
UPID
US18-7323324
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
OFFICE BUILDING Current
Est. value
$11.8M
MEDICAL BUILDING
Est. value
$14.8M
COMMERCIAL (GENERAL)
Est. value
$13.6M
AUTO REPAIR, GARAGE
Est. value
$11.7M
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2017
Heating
NONE
Stories
2
Buildings
14
Units
1
Lot
55.09 ac
Current owner
From public records · entity-resolved
Discovery Academy Of Lake Alfred
Individual
Mailing address
1000 N BUENA VIS DR, LAKE ALFRED, FL 33850-2031
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2020
—
Discovery Academy Of Lk Alfred In
—
Deed
related
$27,080,000 · Us Bk
Sep 14, 2018
—
Discovery Academy Of Lk Alfred
—
Deed
related
$4,380,000 · Florida Cap Bk
Apr 19, 2017
—
Discovery Academy Of Lk Alfred
—
Deed
related
$5,000,000 · Florida Cap Bk
Mar 21, 2016
—
Discovery Academy Of Lake Alfred
—
Deed Of Trust
related
$5,928,000 · Centerstate Bk/fl
Feb 26, 2015
$95,000
Discovery Academy Of Lake Alfred
A & J Lake Alfred Holdings LLC
Warranty Deed
—
Dec 6, 2005
$766,700
A & J Lake Alfred Holdings LLC
Laurell Sally S Trust
Grant Deed
related
—
May 28, 2002
—
Laurell Trust
Shinn,ruth R
Quit Claim Deed
related
—
—
—
Discovery Academy Of Lk Alfred
—
Deed Of Trust
related
$5,000,000 · Florida Cap Bk
—
—
Discovery Academy Of Lk Alfred
—
Deed Of Trust
related
$4,380,000 · Florida Cap Bk
—
—
Discovery Academy Of Lk Alfred In Discovery High
—
Deed Of Trust
related
$26,530,000 · Us Bk
—
—
Discovery Academy Of Lk Alfred In
—
Deed Of Trust
related
$27,080,000 · Us 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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