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Property profile & analytics
OFF-MARKET
Estimated value
$5,180,000
Office buildings
909 Magnolia Ave Auburndale, FL 33823-4007
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-4736807
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1951
Total area
21,320 SF
Lot
14.28 ac (621,863 SF)
APN
252811331500032011
UPID
US18-4736807
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
-
KIK Custom Products Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.30M
Comparable Approach
Comparable
$5.59M
Blend (final)
Blend
$5.18M
Owner & transaction history
Gpt Kik USA Owner LP · 10 yrs held
Gpt Kik USA Owner LP
since 2016
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.6M
+40.8%
Commercial (general)
$6.0M
+28.9%
Auto repair, garage
$5.2M
+10.8%
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 Auburndale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Auburndale 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%
$4,655,000
6.5%
$4,300,000
7%
$3,990,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,685,000
Current use
MEDICAL BUILDING
$6,595,000
Change: +41% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,040,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,190,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$4,330,000
Change: -8% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,905,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$5.18M
Range $4.66M – $5.70M · ±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
$243 / 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
$101,482
Tax year 2023
Assessed value
$6,299,026
Assessed 2023
Previous assessed
$5,630,777
+11.9% YoY
Effective rate
1.61%
On assessed value
Assessed land
$342,031
Assessed improvement
$5,956,995
Land market value
$342,031
Improvement market value
$5,956,995
Total market value
$6,299,026
Applied tax rate
90,330.0000
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
1951
Heating
NONE
Buildings
4
Stories
1
Units
1
Total area
21,320 SF
Lot
14.28 ac (621,863 SF)
APN
252811331500032011
UPID
US18-4736807
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
$4.7M
MEDICAL BUILDING
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$5.2M
RETAIL STORES
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1951
Heating
NONE
Stories
1
Buildings
4
Units
1
Lot
14.28 ac
Current owner
From public records · entity-resolved
Gpt Kik USA Owner LP
Entity
Mailing address
521 5TH AVE FL #30, NEW YORK, NY 10175-3001
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
Apr 20, 2022
—
Gpt Kik USA Owner LP
—
Deed
related
$100,640,000 · Morgan Stanley Bank NA
Oct 18, 2018
—
Gpt Kik USA Owner LP
—
Grant Deed
related
—
May 5, 2016
$12,536,800
Gpt Kik USA Owner LP
Agnl Kik LLC
Grant Deed
$7,638,076 · * Other Institutional Lenders
Jul 28, 2008
$3,000,000
Agnl Kik LLC
Sewell Products Of Florida LLC
Grant Deed
—
Aug 16, 2000
$4,380,000
Kik INC
Sfp LLC
Grant Deed
$4,380,000 · Chase Manhattan Bank
—
—
Agnl Kik LLC
—
Deed Of Trust
related
$10,000,000 · Cantor Commercial Real Estate
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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