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Property profile & analytics
OFF-MARKET
Specialty properties
647 Memorial Blvd Lakeland, FL 33815-1459
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-1066807
Property profile
Verified
Property type
Specialty properties
Use group
CREMATORIUM, MORTUARY
Year built
2021
Total area
5,212 SF
Lot
0.45 ac (19,602 SF)
Zoning code
C-1
APN
232812051000002100
UPID
US18-1066807
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
-
Coney Funeral Home Social Service Agency
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
Coney Funeral Home INC · 8 yrs held
Coney Funeral Home INC
since 2018
7 recorded transactions
Zoning & alternative use
C-1 · Lakeland, 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 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
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
$13,089
Tax year 2023
Assessed value
$717,993
Assessed 2023
Previous assessed
$674,326
+6.5% YoY
Effective rate
1.82%
On assessed value
Assessed land
$70,571
Assessed improvement
$647,422
Land market value
$70,571
Improvement market value
$647,422
Total market value
$717,993
Applied tax rate
91,510.0000
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
Specialty properties
Use group
CREMATORIUM, MORTUARY
Status
Off-Market
Year built
2021
Heating
NONE
Stories
1
Units
1
Total area
5,212 SF
Lot
0.45 ac (19,602 SF)
Zoning code
C-1
APN
232812051000002100
UPID
US18-1066807
Jurisdiction
POLK
Zoning & alternative use
C-1 · Lakeland, FL
Zoning C-1 · permitted uses
C-1 · Lakeland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakeland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2021
Heating
NONE
Stories
1
Units
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Coney Funeral Home INC
Entity
Free & Clear · 8 yrs held
Mailing address
647 W MEMORIAL BLVD, LAKELAND, FL 33815-1459
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2024
—
Coney Funeral Home INC
—
Deed
related
$510,000 · Bank Of Central Florida
Aug 18, 2020
—
Coney Funeral Home INC
—
Deed
related
$1,468,062 · Bank Of Ctrl Fl
Jun 12, 2018
—
Coney Funeral Home INC
Williams,sonji & Andrew
Quit Claim Deed
related
—
Apr 30, 2018
—
Sonji Williams
Lisbon,bobby L JR
Quit Claim Deed
related
—
Apr 2, 2018
—
Bobby L Lisbon JR.
Lisbon,bobby L SR
Quit Claim Deed
related
—
Mar 30, 2015
—
Bobby L Lisbon JR.
Lisbon Bobby L SR
Quit Claim Deed
related
—
Aug 3, 2006
—
Lena Lisbon
Lisbon,bobby
Quit Claim Deed
related
—
Apr 19, 2005
—
Bobby L Lisbon JR.
Lisbon,bobby L SR & Lena R
Quit Claim Deed
related
—
Sep 23, 2002
$140,000
Lena R Lisbon
Bean,dorothy E
Grant Deed
$110,000 · Dorothy E Bean
—
—
Coney Funeral Home INC
—
Deed Of Trust
related
$1,468,062 · Bank Of Ctrl Fl
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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