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    Property profile & analytics

    702 Memorial Blvd Lakeland, FL 33801-1848

    • Strip malls
    • 8,280 SF
    • 0.90 lot acres
    OFF-MARKET
    Value Estimation
    $480,000
    Last Sale
    May 12, 2023
    $400,000
    Location Intelligence
    Property ID
    US18-2776206
    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

    • Acceptance Insurance / Health Insurance Agency / Home Insurance Agency
    • Jhulay Laal Seva Group / Non-Profit Organization
    • Dress for less / Women'S Clothing Store
    • Looking Good Fashions / Women'S Clothing Store / Sportswear Store

    Property Details for 702 Memorial Blvd

    Year built
    1966
    Lot size
    0.90 lot acres
    Property size
    8,280 SF
    Zone code
    C-2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    242807171000007050
    APU
    242807171000007050

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $510,000

    • CAP approach

      CAP return
      Estimation
      6%
      $380,000
      6.5%
      $425,000
      7%
      $395,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $425,000
      Geo Method
      $455,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $365,000
      Retail
      $380,000
      Mixed-Use
      $395,000
      Hospitality
      $420,000
      Educational
      $350,000
      Residential Income
      $480,000
      Energy
      $380,000
      Income-Based Land
      $365,000
      Food Service
      $475,000

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.9509
    Latitude
    28.0555
    CBSA code
    29460
    CBSA name
    LAKELAND, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,652
    $227,844
    $575,915
    $803,759
    -
    $227,844
    $575,915
    $803,759

    Comparable in this City

    • Value Estimation
      $9,675,000
      78,374 SF

      2630 Us Hwy 92nd E

      SHOPPING CENTER, STRIP CENTER • 78,374 SF
      2630 Us Hwy 92nd E, Lakeland, FL 33801-2654
      View Details
    • Value Estimation
      $475,000
      13,500 SF

      2428 Us Hwy 92nd E

      SHOPPING CENTER, STRIP CENTER • 13,500 SF
      2428 Us Hwy 92nd E, Lakeland, FL 33801-2650
      View Details
    • Value Estimation
      $1,390,000
      18,711 SF

      602 Ingraham Ave

      SHOPPING CENTER, STRIP CENTER • 18,711 SF
      602 Ingraham Ave, Lakeland, FL 33801-2033
      View Details
    • Value Estimation
      $270,000
      6,480 SF

      801 Palmetto St

      SHOPPING CENTER, STRIP CENTER • 6,480 SF
      801 Palmetto St, Lakeland, FL 33801-5528
      View Details
    • Value Estimation
      $460,000
      13,000 SF

      839 Lk Parker Ave

      SHOPPING CENTER, STRIP CENTER • 13,000 SF
      839 Lk Parker Ave, Lakeland, FL 33801-2044
      View Details
    • Value Estimation
      $480,000
      4,982 SF

      716 Memorial Blvd

      SHOPPING CENTER, STRIP CENTER • 4,982 SF
      716 Memorial Blvd, Lakeland, FL 33801-1848
      View Details

    Similar Nearby for Sale

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      Fully operational restaurant with building, land, and equipment for sale.
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    Similar Nearby for Lease

    • $13 SF/Yr
      1,750 SF

      Retail Space in East Lakeland

      Retail space available in a 7,900 SF strip center.
      3632 Us Highway 92 E, Lakeland, FL 33801
      View Details
    • $14 SF/Yr
      8,850 SF

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      8,850 SF Office/Retail, 1 Space Available
      3632 Us Highway 92, Auburndale, FL 33801
      View Details
    • $2,500 /Mo
      2,006 SF

      Prime Commercial Space in Lakeland

      2000 sqft commercial unit suitable for retail or office.
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      View Details
    • $3,950 /Mo
      2,040 SF

      Highway 92 Commercial Building

      2,040 SF commercial building on Highway 92 in Lakeland.
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      View Details
    • $10 SF/Yr
      45,130 SF

      Lakeland Retail Center Opportunity

      Prime Lakeland retail space, multiple units available.
      917 Memorial Blvd, Lakeland, FL 33801
      View Details
    • $107,360

      Restaurant Space with Fusion Cuisine

      Restaurant space with 4COP license, equipment, and inventory.
      116 S Tennessee Ave, Lakeland, FL 33801
      View Details
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    Lakeland, FL 33801-1848
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    Realmo Value Estimation

    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.

    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.

    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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