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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Bars & Pubs
8515 Us Hwy 98th N Lakeland, FL 33809-8034
Entity Owned
3-yr Hold
Property ID
US18-7121008
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
966 SF
Lot
1.43 ac (62,247 SF)
Zoning code
C-3
APN
232712000000033040
UPID
US18-7121008
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
-
Botanical Brewing Taproom Cafe & Coffee Shop
-
Hops and Barley Event and Venue Hotel & Motel Resort
-
Boondocks Bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$426k
Blend (final)
Blend
$545k
Owner & transaction history
Ashtins Acres LLC · 3 yrs held
Ashtins Acres LLC
since 2023
Last sale
$520,000
3 recorded transactions
Zoning & alternative use
C-3 · 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
$630,000
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $520k (May 8 2023)
Last sale anchor
$520k
May 8 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
$564 / 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
$2,490
Tax year 2023
Assessed value
$189,838
Assessed 2023
Previous assessed
$183,537
+3.4% YoY
Effective rate
1.31%
On assessed value
Assessed land
$86,558
Assessed improvement
$103,280
Land market value
$86,558
Improvement market value
$103,280
Total market value
$189,838
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
2
Stories
1
Units
1
Bathrooms
1
Total area
966 SF
Lot
1.43 ac (62,247 SF)
Zoning code
C-3
APN
232712000000033040
UPID
US18-7121008
Jurisdiction
POLK
Zoning & alternative use
C-3 · Lakeland, FL
Zoning C-3 · permitted uses
C-3 · 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
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
2
Units
1
Bathrooms
1
Lot
1.43 ac
Current owner
From public records · entity-resolved
Ashtins Acres LLC
Entity
Mailing address
7914 US HWY 98TH NN, LAKELAND, FL 33809-4819
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2023
$520,000
Ashtins Acres LLC
Virginia M Sullivan
Warranty Deed
—
Mar 13, 2020
$350,000
Virgina M Sullivan
Balwant LLC
Warranty Deed
$315,000 · Balwant LLC
May 3, 2017
—
Robin P Gregg
Sturgess Barbara W
Quit Claim Deed
related
—
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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