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Property profile & analytics
OFF-MARKET
Estimated value
$6,795,000
Assisted living facilities
800 County Rd 540a Lakeland, FL 33813-3640
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US19-0457829
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2018
Total area
79,109 SF
Lot
17.51 ac (762,823 SF)
Zoning code
R-1
APN
242918000000044020
UPID
US19-0457829
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.80M
Owner & transaction history
Ohi Asset Fl Lakeland LLC · 9 yrs held
Ohi Asset Fl Lakeland LLC
since 2016
6 recorded transactions
Zoning & alternative use
R-1 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$10.3M
+5.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$9,775,000
Current use
INDUSTRIAL (GENERAL)
$10,315,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$9,225,000
Change: -6% · Conversion: Difficult
RESTAURANT
$8,520,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$6.80M
Range $6.12M – $7.47M · ±10%
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
$86 / 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
$162,844
Tax year 2023
Assessed value
$11,519,959
Assessed 2023
Previous assessed
$10,763,900
+7.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$872,338
Assessed improvement
$10,647,621
Land market value
$872,338
Improvement market value
$10,647,621
Total market value
$11,519,959
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2018
Heating
NONE
Stories
1
Units
1
Total area
79,109 SF
Lot
17.51 ac (762,823 SF)
Zoning code
R-1
APN
242918000000044020
UPID
US19-0457829
Jurisdiction
POLK
Zoning & alternative use
R-1 · Lakeland, FL
Zoning R-1 · permitted uses
R-1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$9.8M
INDUSTRIAL (GENERAL)
Est. value
$10.3M
MEDICAL BUILDING
Est. value
$9.2M
RESTAURANT
Est. value
$8.5M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
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
2018
Heating
NONE
Stories
1
Units
1
Lot
17.51 ac
Current owner
From public records · entity-resolved
Ohi Asset Fl Lakeland LLC
Entity
Mailing address
303 INTERNATIONAL CIR STE #200, HUNT VALLEY, MD 21030-1359
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2016
$825,000
Ohi Asset Fl Lakeland LLC
Crf-twin Lakes LLC
Warranty Deed
related
—
Feb 1, 2007
$726,000
Crf-twin Lakes LLC
Sunco Properties Ltd Vi
Grant Deed
$1,430,000 · Bank Of America
Feb 1, 2007
$924,000
Crf-twin Lakes LLC
Highlands Lake Ltd
Grant Deed
—
—
—
Crf-twin Lakes LLC
—
Deed Of Trust
related
$1,430,000 · Bank Of America
—
—
Crf-twin Lakes LLC
—
Deed Of Trust
related
$1,000,000 · Maxwell Motivation INC
—
—
Sunco Properties Ltd
—
Deed Of Trust
related
$500,000 · Bank Of America
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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