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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Manufacturing properties
7830 Us Hwy 98th N, Lakeland, FL 33809
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3970074
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2002
Total area
2,550 SF
Lot
1.63 ac (70,916 SF)
Zoning code
C3R3
APN
232714000000011090
UPID
US18-3970074
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$630k
Blend (final)
Blend
$520k
Owner & transaction history
Drb Properties LLC · 2 yrs held
Drb Properties LLC
since 2023
Last sale
$450,200
7 recorded transactions
Zoning & alternative use
C3R3 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$545,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $450k (Aug 29 2023)
Last sale anchor
$450k
Aug 29 2023
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
$204 / 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
$8,071
Tax year 2023
Assessed value
$606,816
Assessed 2023
Previous assessed
$402,615
+50.7% YoY
Effective rate
1.33%
On assessed value
Assessed land
$157,118
Assessed improvement
$449,698
Land market value
$157,118
Improvement market value
$449,698
Total market value
$606,816
Applied tax rate
90,000.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2002
Heating
NONE
Buildings
3
Stories
1
Units
1
Total area
2,550 SF
Lot
1.63 ac (70,916 SF)
Zoning code
C3R3
APN
232714000000011090
UPID
US18-3970074
Jurisdiction
POLK
Zoning & alternative use
C3R3 · Lakeland, FL
Zoning C3R3 · permitted uses
C3R3 · Lakeland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakeland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Stories
1
Buildings
3
Units
1
Lot
1.63 ac
Current owner
From public records · entity-resolved
Drb Properties LLC
Entity
Mailing address
7830 US HWY 98TH N, LAKELAND, FL 33809
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2023
$450,200
Drb Properties LLC
Sean P Douglas
Warranty Deed
$710,000 · Midflorida Cu
Jun 5, 2018
—
Sean P Douglas
—
Deed
related
$634,000 · Citizens Bk
Sep 22, 2010
—
Sean P Douglas
—
Trustees Deed
related
$437,500 · Citizens Bank & Trust Co
Jun 13, 1997
$475,000
Sean P Douglas
Hardee,charles R
Grant Deed
$300,000 · Seller
Mar 20, 1997
$4,000
Carlton R Vann
Hardee,charles R
Grant Deed
$4,000 · Seller
—
—
Sean P Douglas
—
Deed Of Trust
related
$350,000 · Citizens Bank & Trust Co
—
—
Sean P Douglas
—
Deed Of Trust
related
$437,500 · Citizens Bank & Trust Co
—
—
S Douglas
—
Deed Of Trust
related
$300,000 · Florida Firstbank
—
—
Sean P Douglas
—
Loan Modification
related
$634,000 · Citizens Bk
—
—
Sean Douglas
—
Deed Of Trust
related
$200,000 · Wachovia Bank NA
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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