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Property profile & analytics
OFF-MARKET
Estimated value
$3,750,000
Office buildings
801 Florida Ave Lakeland, FL 33801-5242
Individually Owned
1-yr Hold
Free & Clear
Property ID
US18-3078016
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Total area
19,210 SF
Lot
1.64 ac (71,482 SF)
APN
232824120000006020
UPID
US18-3078016
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
-
Teachers' Exchange (Bike/Boat/Book/etc) Store
-
Grateful Head Hair Studio Hair Salon
-
Equity Title LLC Title Company
-
Hardcore Haircraft Hair Salon
-
SD BEAUTY STUDIO Spa & Massage Center Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.88M
Comparable Approach
Comparable
$4.37M
Blend (final)
Blend
$3.75M
Owner & transaction history
Lakeland Community Redevelopment Ag · 1 yrs held
Lakeland Community Redevelopment Ag
since 2025
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.8M
+15.3%
Medical building
$4.7M
+14.5%
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%
$4,195,000
6.5%
$3,875,000
7%
$3,595,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,120,000
Current use
AUTO REPAIR, GARAGE
$4,755,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$4,720,000
Change: +14% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,520,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$3,340,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$3.75M
Range $3.38M – $4.13M · ±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
$195 / 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
$39,144
Tax year 2023
Assessed value
$2,147,235
Assessed 2023
Previous assessed
$2,094,770
+2.5% YoY
Effective rate
1.82%
On assessed value
Assessed land
$750,026
Assessed improvement
$1,397,209
Land market value
$750,026
Improvement market value
$1,397,209
Total market value
$2,147,235
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1962
Heating
NONE
Stories
1
Units
1
Total area
19,210 SF
Lot
1.64 ac (71,482 SF)
APN
232824120000006020
UPID
US18-3078016
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$4.8M
MEDICAL BUILDING
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
RETAIL STORES
Est. value
$3.3M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1962
Heating
NONE
Stories
1
Units
1
Lot
1.64 ac
Current owner
From public records · entity-resolved
Lakeland Community Redevelopment Ag
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 2963, LAKELAND, FL 33806-2963
Ownership since
2025
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
Feb 17, 2025
$2,000,000
Lakeland Community Redevelopment Ag
Becky E Gridley
Warranty Deed
—
Feb 17, 2025
—
Lakeland Community Redevelopment Ag
Vets Surplus INC
Quitclaim Deed
related
—
Mar 27, 2017
—
Waller Dev INC
—
Deed
related
$1,363,000 · Midflorida Cu
Jan 14, 2005
$1,575,000
Waller Homes & Dev INC
Fletcher Ralph L Trust
Warranty Deed
$1,200,000 · Midflorida FCU
—
—
Waller Dev INC
—
Deed Of Trust
related
$360,000 · Midflorida FCU
—
—
Waller Dev INC
—
Deed Of Trust
related
$1,363,000 · Midflorida Cu
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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