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

    7433 Us Hwy 98th N Lakeland, FL 33809-2140

    • Specialty properties
    • 3,162 SF
    • 0.62 lot acres
    OFF-MARKET
    Last Sale
    Jul 13, 2020
    $800,000
    Value Estimations
    $860,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4566173
    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

    • Kecia Howell / Physician
    • New Life Veterinary Hospital / Veterinary Clinic
    • Polk County Animal Hospital: Mcnutt Charity DVM / Veterinary Clinic
    • Young Christa DVM / Veterinary Clinic

    Property Details for 7433 Us Hwy 98th N

    Year built
    1988
    Lot size
    0.62 lot acres
    Property size
    3,162 SF
    Zone code
    C-3
    Property type
    Specialty properties
    APN
    232713000931000970
    APU
    232713000931000970

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $935,000
      ML approach
      $905,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $745,000
      COMMERCIAL (GENERAL)
      $710,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeland
    County
    Polk
    State
    Florida
    Longitude
    -81.973
    Latitude
    28.1375
    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
    $6,787
    $80,715
    $367,009
    $447,724
    -
    $80,715
    $367,009
    $447,724

    Comparable in this City

    • Value Estimation
      $12,640,000
      4,140 SF

      600 Fountainview S

      PROFESSIONAL CLUBS/ASSOCIATIONS • 4,140 SF
      600 Fountainview S, Lakeland, FL 33809-3423
      View Details
    • Value Estimation
      $2,465,000
      1,600 SF

      Fernery Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,600 SF
      Fernery Rd, Lakeland, FL 33809
      View Details
    • Value Estimation by Request
      0.26 Acres

      Us Hwy 98th N

      SHOPPING CENTER COMMON AREA • 0.26 Acres
      Us Hwy 98th N, Lakeland, FL 33809
      View Details
    • Value Estimation
      $5,275,000
      1,736 SF

      7405 Socrum Loop Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,736 SF
      7405 Socrum Loop Rd, Lakeland, FL 33809-7217
      View Details
    • Value Estimation
      $2,940,000
      1,905 SF

      124 Martin Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,905 SF
      124 Martin Dr, Lakeland, FL 33809-2219
      View Details
    • Value Estimation by Request
      1.13 Acres

      Corporate Ave

      SHOPPING CENTER COMMON AREA • 1.13 Acres
      Corporate Ave, Lakeland, FL 33809
      View Details

    Similar Nearby for Sale

    • $900,000

      Lakeland, FL Property For Sale

      Lakeland, FL property available for sale.
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    • $650,000
      1,008 SF

      Lakeland Mixed-Use Development Opportunity

      3.51 Acres, I-4 Proximity, High Visibility
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    • $990,000
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      Lakeland Land Parcel For Sale

      11.29 acre parcel near I-4, suitable for rezoning.
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    • $285,000
      5.95 Acres

      Land on US Highway 98

      5.95 acres of residential land with highway frontage.
      Us Highway 98 N, Lakeland, FL 33809
      View Details
    • $349,900
      Pending

      Prime Corner Land in Lakeland

      2.44 acres of fenced land with high visibility near I-4.
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    • $575,000

      Land with Frontage on US 98

      Commercial land with high visibility along US 98 N.
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    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land Near Interstate 4

      Commercial land for rent with high visibility and traffic.
      1012 Woodland Dr, Lakeland, FL 33809
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      84,899 SF

      Lakeland Retail Center - Highway 98

      Prime Lakeland retail space available.
      4901-4997 Us Highway 98, Lakeland, FL 33809
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    • Contact for pricing
      1,800 SF

      Retail Space Near Lakeland Square

      Retail space available across from Lakeland Square Mall.
      4215-4275 Us Highway 98 N, Lakeland, FL 33809
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    • Contact for pricing

      High Visibility Lakeland Power Center

      Retail spaces and outparcels available in high-traffic Lakeland location.
      3715 Hopewell Ave, Lakeland, FL 33809
      View Details
    • Contact for pricing
      24,394 SF

      Lakeland Retail Center Opportunity

      High-traffic retail space, 20,000 sq ft available
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      View Details
    • Contact for pricing
      85,253 SF

      Liberty Square Center Outparcels

      Lakeland Retail Center - Outparcels Available
      6140 Us Highway 98, Lakeland, FL 33809
      View Details
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    Lakeland, FL 33809-2140
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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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