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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Assisted living facilities
825 Plum St Lakeland, FL 33801-1970
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US19-0745746
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1985
Total area
5,295 SF
Lot
0.31 ac (13,499 SF)
Zoning code
MF22
APN
242807170000014010
UPID
US19-0745746
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
-
Abundant Love Assisted Living Facility Nursing Home Retirement Community
-
Second Chance Training Center Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$980k
Owner & transaction history
Abundant Love And Care Assisted Liv · 3 yrs held
Abundant Love And Care Assisted Liv
since 2023
Last sale
$955,000
7 recorded transactions
Zoning & alternative use
MF22 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$780,000
+19.4%
Commercial (general)
$750,000
+14.7%
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
$1,220,000
ML approach
$1,240,000
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)
$655,000
Current use
OFFICE BUILDING
$780,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$750,000
Change: +15% · Conversion: Difficult
RESTAURANT
$590,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10% · vs last sale $955k (May 11 2023)
Last sale anchor
$955k
May 11 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
$185 / 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
$5,489
Tax year 2023
Assessed value
$301,101
Assessed 2023
Previous assessed
$286,380
+5.1% YoY
Effective rate
1.82%
On assessed value
Assessed land
$20,923
Assessed improvement
$280,178
Land market value
$20,923
Improvement market value
$280,178
Total market value
$301,101
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1985
Heating
NONE
Stories
1
Units
1
Bathrooms
3
Total area
5,295 SF
Lot
0.31 ac (13,499 SF)
Zoning code
MF22
APN
242807170000014010
UPID
US19-0745746
Jurisdiction
POLK
Zoning & alternative use
MF22 · Lakeland, FL
Zoning MF22 · permitted uses
MF22 · 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
$655,000
OFFICE BUILDING
Est. value
$780,000
COMMERCIAL (GENERAL)
Est. value
$750,000
RESTAURANT
Est. value
$590,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1985
Heating
NONE
Stories
1
Units
1
Bathrooms
3
Lot
0.31 ac
Current owner
From public records · entity-resolved
Abundant Love And Care Assisted Liv
Individual
Mailing address
124 HBR DR, WINTER HAVEN, FL 33881-9609
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2023
$955,000
Abundant Love And Care Assisted Liv
Plum Investment Property LLC
Warranty Deed
$933,000 · Vast Bank NA
Oct 17, 2017
$320,000
Plum Investment Property LLC
Plum Street Land Trust 825
Warranty Deed
related
—
Apr 12, 2017
$200,000
Plum,street Land Trust
North American Youth Foundatio
Grant Deed
$175,000 · Babito 1 Corp
Jul 24, 2013
$250,000
North American Youth Foun Svcs
Wing Of Eagles International INC
Warranty Deed
—
Apr 17, 2006
$209,700
Wings Of Eagles Intl INC
Bakers Props Of Lakeland Lc
Warranty Deed
—
Mar 25, 2005
$160,000
Bakers Props Of Lakeland Lc
Doves Nest INC
Warranty Deed
—
—
—
North American Youth Foun Svcs
—
Deed Of Trust
related
$100,000 · Norman Harris Services INC Norman Harris Services INC
—
—
Plum Investment Property LLC
—
Deed Of Trust
related
$270,000 · Dogwood St Bk
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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