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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
644 Commonwealth SW Ave Polk City, FL 33868-9359
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-4315963
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1974
Total area
2,976 SF
Lot
0.32 ac (13,935 SF)
Zoning code
C-1
APN
252632296000001130
UPID
US18-4315963
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
-
Sunoco Gas Station Gas Station
-
Parrish Grocery Grocery & Convenience Store Food Market
-
Athena Bitcoin ATM Atm
-
Bitcoin ATM by Crypto Dispensers Atm Money Transfer Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Florida Busn Dev Corp · 6 yrs held
Florida Busn Dev Corp
since 2020
Last sale
$385,000
3 recorded transactions
Zoning & alternative use
C-1 · Polk City, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Residential Business And Professional District
General category
COMMERCIAL
Zone area
81.00 ac
Source
Realmo
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 Polk City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Polk City 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,235
Tax year 2023
Assessed value
$130,460
Assessed 2023
Previous assessed
$130,322
+0.1% YoY
Effective rate
2.48%
On assessed value
Assessed land
$31,354
Assessed improvement
$99,106
Land market value
$31,354
Improvement market value
$99,106
Total market value
$130,460
Applied tax rate
90,520.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1974
Heating
NONE
Stories
1
Units
1
Total area
2,976 SF
Lot
0.32 ac (13,935 SF)
Zoning code
C-1
APN
252632296000001130
UPID
US18-4315963
Jurisdiction
POLK
Zoning & alternative use
C-1 · Polk City, FLZoning C-1 · permitted uses
C-1 · Polk City, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Residential Business And Professional District
General category
COMMERCIAL
Zone area
81.00 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Stories
1
Units
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Florida Busn Dev Corp
Entity
Free & Clear · 6 yrs held
Mailing address
644 COMMONWEALTH AVE SW, POLK CITY, FL 33868-9359
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
May 19, 2020
$146,000
Florida Busn Dev Corp
Shree Krishna Polk City Food M
Grant Deed
—
Feb 27, 2020
$385,000
Shree Krishna Polk City Food M
Prabhu Krupa Shri INC
Warranty Deed
$197,500 · Republic Bk&tr
Nov 14, 2014
$295,000
Prabhu Krupa Shri INC
Sadashiv INC
Warranty Deed
$250,750 · Sadashiv INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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