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Property profile & analytics
OFF-MARKET Estimated value $2,165,000
Schools

947 Johnson Ave Lakeland, FL 33803-1164

15,634 SF 0.71 ac lot Built 2012
Individually Owned 25-yr Hold Free & Clear
Property ID
US18-1133687
Property profile
Verified
Property type Schools
Use group COLLEGE, UNIVERSITY, VOC SCHOOL
Year built 2012
Total area 15,634 SF
Lot 0.71 ac (31,058 SF)
Zoning code RA-4
APN 242819220100008101
UPID US18-1133687
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
  • Joe K. & Alberta Blanton Nursing Building College
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.47M
Blend (final) Blend
$2.17M
Owner & transaction history
Florida Southern College · 25 yrs held
Florida Southern College
since 2001
1 recorded transaction
2001
$101,700
Zoning & alternative use
RA-4 · Lakeland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Duplexes are not allowed in the Single-family residential zoning districts (RA-1, RA-2, RA-3 or RA-4). Duplexes (called Two-Family in the City’s Land Development Code, which can be found here: https://library.municode.com/fl/lakeland/codes/land_development_code?nodeId=15775 ) are permitted by right in the RB zoning districts and are Conditional Uses in the M…

Zone name Single Family Residential
General category RESIDENTIAL
Zone area 1,757.32 ac
Top alternative use upside
Retail stores $2.9M +14.1%
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