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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6870 Jeanette Ln Polk City, FL 33868

    • Commercial real estate
    • 52.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5449841
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 6870 Jeanette Ln

    Lot size
    52.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 52-acre property in Polk City, Florida, presents a unique blend of rural tranquility and convenient access to urban amenities. Located at 6870 Jeanette Ln, Polk City, FL 33868, this land offers a compelling investment opportunity and the potential for a fulfilling lifestyle. The property boasts 39 acres of uplands and 26 acres of improved pasture, ideal for grazing cattle or horses. The remaining acreage is comprised of mixed woods, adding to the property's natural beauty and diversity. Wildlife sightings, including turkeys and deer, are common, enhancing the rural charm. The permitted zoning is ARR/X. Priced at $925,000, this translates to $17,788 per acre, reflecting the land's value and potential. The property's location provides a balance between peaceful country living and the ease of access to shopping and other conveniences. This is a rare opportunity to own a substantial parcel of land in a desirable location, suitable for a variety of uses, including residential development or agricultural pursuits. The property is designated as residential and is currently held as an investment. Don't miss this chance to own a piece of Florida's countryside.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Polk City
    County
    Polk
    State
    Florida
    Longitude
    -81.8213561
    Latitude
    28.2438637

    Comparable in this City

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      Oversized Lot in Mount Olive Shores

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      RV Pad with Tiki Hut

      RV pad in 55+ community with tiki hut.
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    • $145,000

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      Oversized RV pad with shed in Polk City community.
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      Spacious Lot with Mobile Home

      Large lot with mobile home needing TLC, no HOA.
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      Class A RV Site For Sale

      Class A RV site with full hook-ups for large motorhomes.
      650 Gordon Rd, Polk City, FL 33868
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      RV Pad with Tiki Hut

      RV pad with tiki hut in 55+ gated community.
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    Similar Nearby for Sale

    • $103,000
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      Oversized Lot in Mount Olive Shores

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      View Details
    • New
      $139,900
      0.09 Acres

      RV Pad with Tiki Hut

      RV pad in 55+ community with tiki hut.
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    • $219,000

      RV Pad in Active Community

      RV pad in 55+ community with amenities and storage.
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    • $179,000

      RV Resort Community Property

      Property in a 55+ RV resort community.
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    • $179,000

      Spacious RV Pad in Community

      RV pad in Mt. Olive Shores North community.
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    • $160,000

      Upscale RV Pad in Polk

      Class A motorcoach pad in 55+ community, Polk City.
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    Similar Nearby for Lease

    • Contact for pricing
      501,000 SF

      Prime Polk County Warehouse Space

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      Retail Space in Polk City

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      1,010,800 SF

      Midway Logistics Center: Lakeland, FL

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    Polk City, FL 33868
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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