Entity Owned Property summary
AI-generated overview
This exceptional Lakeland, FL investment property, located at 6906 US Hwy 98 N, presents a compelling opportunity. The property consists of two single-story, 8,500 square foot retail buildings constructed in 1985, situated on a 0.66-acre lot (APN: 23-27-14-000000-022140). Currently boasting 100% occupancy with a stable multi-tenant profile, the property generates a strong NOI of $119,900, representing a 5.45% cap rate. The pro-forma NOI is projected at $140,900, indicating a potential 6.40% cap rate. The property features a modified gross lease structure with varying lease terms, offering potential for future rent increases. The buildings combine retail space in the front with warehouse space in the rear, catering to a diverse tenant base. Zoned Commercial - LCC, this prime location on US Highway 98 in Polk County (zip code 33809) offers excellent visibility and accessibility. The asking price is $2,200,000, translating to $258.82 per square foot. This stabilized investment presents a strong return with significant upside potential.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Total area
2,112 SF
Lot
0.66 ac (28,771 SF)
Zoning code
C-3
APN
232714000000022140
UPID
US18-3292365
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Advertising Agency Marketing & Advertising
-
Spa & Massage Center Skin Care Clinic
-
(Bike/Boat/Book/etc) Store Corporate Office
-
General Contractor Construction Company
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$705k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$624k
Blend (final)
Blend
$895k
Owner & transaction history
since 2020
Last sale
$725,000
3 recorded transactions
Zoning & alternative use
C-3 · Lakeland, FL
General category
COMMERCIAL
Top alternative use upside
Commercial (general)
$545,000
+38.9%
Auto repair, garage
$525,000
+33.0%
Medical building
$520,000
+32.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 14 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$895k
Value range
$806k – $985k
±10% around blend
Estimated value / SF
$424 / SF
Confidence
High
14 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
100
$806k
blend $895k
$985k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,112 SF
Lot area
0.66 ac
Year built
1985
Stories
1
APN
232714000000022140
Zoning
C-3
Assessed value
$667,591
Annual tax
$10,978
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$430k
Weighted, 14 comps · high confidence
Evidence
14 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.6 mi away · 2,280 SF
8.7 mi away · 1,720 SF
8.7 mi away · 1,720 SF
12.9 mi away · 1,734 SF
13.7 mi away · 1,768 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$895k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 118 sales
$186
+128%
County 381 sales
$155
+173%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $424/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+39%
vs current-use indication
Auto Repair, Garage
Medical Building
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 14 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
2.70%
Implied, in-place cap rate for this retail space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$51k *
Last sale · Apr 2020
$725k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.88M
Move the market yield to see immediate price impact.
Value / SF
$890
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.20%2.70%3.20%
$46k
$2.08M
$1.69M
$1.43M
$51k
$2.31M
$1.88M
$1.59M
$56k
$2.54M
$2.07M
$1.74M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
14 found
High confidence · county-verified
Closest comparable
$315k
8.2 mi · Mar 2026 · $194/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,978
Tax year 2023
Assessed value
$667,591
Assessed 2023
Previous assessed
$652,865
+2.3% YoY
Effective rate
1.64%
On assessed value
Assessed land
$204,211
Assessed improvement
$463,380
Land market value
$204,211
Improvement market value
$463,380
Total market value
$667,591
Applied tax rate
91,000.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1985
Heating
NONE
Buildings
4
Stories
1
Units
1
Total area
2,112 SF
Lot
0.66 ac (28,771 SF)
Zoning code
C-3
APN
232714000000022140
UPID
US18-3292365
Jurisdiction
POLK
Zoning & alternative use
C-3 · Lakeland, FLZoning C-3 · permitted uses
C-3 · Lakeland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Stories
1
Buildings
4
Units
1
Lot
0.66 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
C-3
COMMERCIAL
Jurisdiction
Lakeland, FL
Recorded code
C-3
Official district
C-3
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-3 in Lakeland, FL.
What opens after registration
Zoning profile
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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