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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Specialty properties
6804 Socrum Loop Rd Lakeland, FL 33809-4101
Entity Owned
3-yr Hold
Free & Clear
Property ID
US19-0047508
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
2008
Total area
4,563 SF
Lot
0.83 ac (36,216 SF)
Zoning code
R-2
APN
242719000000033010
UPID
US19-0047508
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
-
Dr. Bob Irelan's Veterinary Services Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$588k
Blend (final)
Blend
$735k
Owner & transaction history
Dorian Fund Lakeland LLC · 3 yrs held
Dorian Fund Lakeland LLC
since 2022
Last sale
$720,000
6 recorded transactions
Zoning & alternative use
R-2 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+104.8%
Commercial (general)
$1.0M
+95.5%
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
Method
Estimation
Statistic approach
$825,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
VETERINARY, ANIMAL HOSPITAL
$525,000
Current use
OFFICE BUILDING
$1,075,000
Change: +105% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,025,000
Change: +96% · Conversion: Difficult
MEDICAL BUILDING
$500,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $720k (Dec 16 2022)
Last sale anchor
$720k
Dec 16 2022
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
$161 / 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
$10,570
Tax year 2023
Assessed value
$683,877
Assessed 2023
Previous assessed
$670,575
+2.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$153,922
Assessed improvement
$529,955
Land market value
$153,922
Improvement market value
$529,955
Total market value
$683,877
Applied tax rate
90,000.0000
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
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Units
1
Bathrooms
1
Total area
4,563 SF
Lot
0.83 ac (36,216 SF)
Zoning code
R-2
APN
242719000000033010
UPID
US19-0047508
Jurisdiction
POLK
Zoning & alternative use
R-2 · Lakeland, FL
Zoning R-2 · permitted uses
R-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
VETERINARY, ANIMAL HOSPITAL Current
Est. value
$525,000
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$500,000
VETERINARY, ANIMAL HOSPITAL Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2008
Heating
NONE
Stories
1
Units
1
Bathrooms
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Dorian Fund Lakeland LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1018 EGLINTON AVE E UNIT 5TH XX
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2025
—
Dorian Fund I Lakeland LLC
—
Deed
related
$5,600,000 · Symetra Life Insurance Co
Feb 9, 2023
—
Dorian Fund I Lakeland LLC
—
Deed
related
$7,500,000 · Northeast Bank
Dec 16, 2022
$720,000
Dorian Fund Lakeland LLC
Robert Michael Irelan
Warranty Deed
—
Jan 24, 2020
—
Irelan,robert M Trust
Robert M Irelan
Quit Claim Deed
related
—
Jan 5, 2016
$400,700
Robert M Irelan
Dr Bob Irelan Veterinary Svc I
Warranty Deed
related
$572,025 · Midflorida FCU
Dec 14, 2007
$225,000
Bob Irelan Veterinary Svc I
Stalvey,cecil C & Merlene R
Warranty Deed
—
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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