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    7240 Kathleen Rd Lakeland, FL 33810-2639
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    Property profile & analytics

    7240 Kathleen Rd, Lakeland, FL 33810-2639

    View on Map
    • Grocery and convenience stores
    • 5,950 SF
    • 1.58 lot acres
    Off-Market
    Last Sale Jul 21, 2020
    $5,562,900
    Property ID
    US18-4793082
    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.
    Value Estimations
    $6,000,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 7-Eleven / Grocery & Convenience Store
    • PNC Bank ATM / Atm

    Property Details for 7240 Kathleen Rd

    Year built
    2020
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.58 lot acres
    Zone code
    RE-1
    Property type
    Grocery and convenience stores
    APN
    232717000000021050
    APU
    232717000000021050

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 21, 2020 $5,562,900 Three Ochs LLC 38842 Lakeland Fl LLC Grant Deed $4.2M · Bank Of Tx
    Jun 11, 2019 $775,000 38842 Lakeland Fl LLC Warnock Invs Prop INC Warranty Deed $3.4M · Centennial Bk
    Dec 2, 2016 $250,000 Warnock Investment Props INC Cross,donna M Warranty Deed $312k · Midflorida FCU
    Feb 19, 2010 — Polk Cnty Cross,oliver H JR & Donna M Warranty Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,515,000
      ML approach
      $6,355,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -82.024
    Latitude
    28.1347
    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
    $22,618
    $688,090
    $811,569
    $1,499,659
    -
    $688,090
    $811,569
    $1,499,659

    Comparable in this City

    • Value Estimation
      $1,455,000
      7,420 SF

      2580 Kathleen Rd

      CONVENIENCE STORE
      2580 Kathleen Rd, Lakeland, FL 33810-3066
      View Details
    • Value Estimation
      $1,735,000
      6,854 SF

      3025 Kathleen Rd

      CONVENIENCE STORE
      3025 Kathleen Rd, Lakeland, FL 33810-2798
      View Details
    • Value Estimation by Request
      2,400 SF

      4009 Knights Sta Rd

      CONVENIENCE STORE
      4009 Knights Sta Rd, Lakeland, FL 33810-2496
      View Details
    • Value Estimation
      $535,000
      2,400 SF

      1200 Daughtery Rd

      CONVENIENCE STORE
      1200 Daughtery Rd, Lakeland, FL 33810-3227
      View Details
    • Value Estimation
      $855,000
      5,288 SF

      3100 Galloway Rd

      CONVENIENCE STORE
      3100 Galloway Rd, Lakeland, FL 33810-0625
      View Details
    • Value Estimation
      $520,000
      3,480 SF

      3808 Deeson Rd

      CONVENIENCE STORE
      3808 Deeson Rd, Lakeland, FL 33810-5806
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,125 SF

      Lakeland Dollar General For Sale

      NN leased Dollar General with over 4 years remaining.
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      View Details
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      Strip Mall Retail Spaces

      Flexible retail units ranging from 800 to 2,000 SF, available for lease at this Lakeland strip center.
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      Mobile Home Park with Retail

      46-space mobile home community with retail building in Lakeland.
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    • $147,900
      0.72 Acres

      Prime Lakeland Land Opportunity

      5.56 acres in North Lakeland with frontage and development potential.
      1225 Duff Rd, Lakeland, FL 33810
      View Details
    • Contact for pricing

      Corner Lot in Well-Known Area

      Corner lot in a well-known area with light controlled corner.
      3020 Knights Station Rd, Lakeland, FL 33810
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      North Lakeland Commercial Ready Lots

      Commercial, retail, and office lots in high-growth North Lakeland.
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    Similar Nearby for Lease

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      1,600 SF

      Retail Space in Lakeland Center

      Retail space with high traffic and easy highway access.
      2250-2390 Griffin Rd, Lakeland, FL 33810
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Growing Lakeland

      Retail space available in a high-visibility shopping center.
      2905-2977 Duff Rd, Lakeland, FL 33810
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Lakeland, Florida.
      2905 Duff Rd, Lakeland, FL 33810
      View Details
    • $96,000
      Pending

      Flex Space with I-4 Visibility

      4,000±sf flex space with office and warehouse areas.
      3705 Frontage Rd N, Lakeland, FL 33810
      View Details
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    Lakeland, FL 33810-2639
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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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