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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Strip malls
704 Ingraham Ave Lakeland, FL 33801-2034
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-4538657
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1975
Total area
9,194 SF
Lot
0.48 ac (20,909 SF)
Zoning code
C-2
APN
242818211000001040
UPID
US18-4538657
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
-
Central Vacuum Cleaner Co (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.40M
CAP Approach
CAP
$1.84M
Comparable Approach
Comparable
$860k
Blend (final)
Blend
$1.40M
Owner & transaction history
D & N Investment LLC · 1 yrs held
D & N Investment LLC
since 2024
Last sale
$1.4M
5 recorded transactions
Zoning & alternative use
C-2 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zone name
Commercial
General category
COMMERCIAL
Zone area
1,122.02 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$2.3M
+35.0%
Medical building
$2.3M
+34.0%
Office building
$2.0M
+17.1%
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
$1,400,000
ML approach
$1,400,000
CAP Approach
CAP Return
Estimation
6%
$1,990,000
6.5%
$1,840,000
7%
$1,710,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,685,000
Current use
AUTO REPAIR, GARAGE
$2,275,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$2,260,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$1,975,000
Change: +17% · Conversion: Moderate
RETAIL STORES
$1,600,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±10% · vs last sale $1.40M (Dec 31 2024)
Last sale anchor
$1.40M
Dec 31 2024
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
$152 / 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
$5,833
Tax year 2023
Assessed value
$319,962
Assessed 2023
Previous assessed
$325,955
-1.8% YoY
Effective rate
1.82%
On assessed value
Assessed land
$110,823
Assessed improvement
$209,139
Land market value
$110,823
Improvement market value
$209,139
Total market value
$319,962
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1975
Heating
NONE
Stories
1
Units
1
Total area
9,194 SF
Lot
0.48 ac (20,909 SF)
Zoning code
C-2
APN
242818211000001040
UPID
US18-4538657
Jurisdiction
POLK
Zoning & alternative use
C-2 · Lakeland, FLZoning C-2 · permitted uses
C-2 · Lakeland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zone name
Commercial
General category
COMMERCIAL
Zone area
1,122.02 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.0M
RETAIL STORES
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1975
Heating
NONE
Stories
1
Units
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
D & N Investment LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5623 GREENSHADE RD, SAN DIEGO, CA 92121-4230
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2024
—
D & N Investment LLC
Harry Hanh Dinh
Quitclaim Deed
related
—
Oct 22, 2004
$1,400,000
Harry H Dinh
Le,vanhien & Chris D
Warranty Deed
$800,000 · Southtrust Bank NA
Mar 3, 2004
$1,200,000
Van H Le
Anchor Investment Corp Of Fl
Grant Deed
$840,000 · First National Bank Florida
Oct 4, 1999
$920,000
Anchor Investments
Marilyn B Signer Trustee
Grant Deed
—
—
—
Anchor Investments
—
Deed Of Trust
related
$725,000 · Platinum Bank
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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